HIPAA, originally aimed at improving health insurance portability, now ensures the security of electronic healthcare records (EHR). Protecting PHI, which includes medical records and billing information, is crucial as it's highly valuable to cybercriminals. Hacking and insider threats are the top causes of PHI breaches, leading to severe penalties and reputational damage. Sage Intacct provides a HIPAA-compliant financial management system with features like an Advanced Audit Trail and Business Associate Agreements (BAA) to safeguard PHI. As data privacy laws evolve, healthcare organizations must prioritize compliance to protect patient information and avoid costly breaches.

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