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July 2016

@Risk-Filled Routine By Melanie Pita For The Record Vol. 28 No. 7 P. 24

@Risk-Filled Routine By Melanie Pita For The Record Vol. 28 No. 7 P. 24

Carelessly sending PHI via e-mail can carry serious consequences.

The handling and sharing of medical records is a critical and sensitive issue, one that affects millions of providers, patients, and payers every day. E-mailing patient records has become commonplace, but what's often overlooked is that failing to encrypt protected health information (PHI) is directly at odds with HIPAA requirements, subjecting the covered entity to substantial risk.

Although unlikely, there is an opportunity for PHI sent in the body of, or attached to, an unencrypted e-mail to be intercepted and used by parties other than the intended recipient. Exchanging records by e-mail can mean exposing patients' personal information and entire medical histories to a nefarious world of hackers seeking to exploit such data. Consequently, the possibility of such data breaches occurring can keep many a compliance officer awake at night.

Keais Records Retrieval, a third-party vendor, gathers patient records from health care providers with the patient's permission. The company works with insurance carriers/adjusters and law firms to gather medical, business, and other record types to help evaluate insurance claims and lawsuits.

Keais works with more than 95,000 medical record custodians nationwide each month to request patient records. Thousands of patient medical records, billing histories, diagnostic images, and other related information are mailed, faxed, or e-mailed to its office each day. E-mail is a popular option because it is widely available, easy to use, and has a "send it and forget it" appeal. Part of my responsibility as Keais' general counsel and chief compliance officer is to ensure that our employees undergo mandatory annual HIPAA training and are frequently reminded to never e-mail patient records or other correspondence containing PHI outside our encrypted environment. Keais' hard stance on security has rubbed off on employees, who often point out that the record custodians from whom we obtain PHI may be taking a risk by e-mailing such information.

In the past decade, the reliance on e-mail has grown significantly from both a business and personal perspective. It's more convenient than ever, with nearly 70% of American adults owning a smartphone, according to the Pew Research Center. E-mail has become such a normal part of our daily routine that we tend to forget it's not always secure. This is a particularly important concern when health care and HIPAA are introduced into the mix.

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Altaba () could have something new to say next week on monetizing its stakes in Alibaba Group Holding () and Yahoo Japan in a way that avoids a big tax hit.

Altaba Alibaba Group Holding

Altaba, the investment company formed by Yahoo following its sale to Verizon Communications (), has scheduled a "strategic and financial update call" for investors on Feb. 27.Altaba owns a 15% stake in Alibaba, a 36% stake in Yahoo Japan, and other financial assets.

Verizon Communications
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"Key topics that we think could be the focus of the call are an update on the current position of Altaba's tax status post corporate tax reform; an update on management's view of asset value; and forward capital structure and shareholder return policy," Sheridan said in a report.

Altaba climbed 0.6% to close at 75.52 on the Zales Triton Mens 50mm Engraved Comfort Fit Beveled White Tungsten Wedding Band 25 Characters EQNu327Gpt
.

The Yahoo offspring's shares have traded in sync with Alibaba's and surged in 2017. Altaba has gained 8% this year, but has retreated from a high of 80.45 on Jan. 26.

Alibaba ticked down 7 cents to close at 188.75 on Thursday.

IBD'S TAKE: Finding the best stocks to buy can be tricky. That's why Investor's Business Daily makes it easy with educational tools , stock lists , research , Leaderboard and more.

IBD'S TAKE:

Altaba's challenge, following Yahoo's sale toVerizon, has been monetizing its assets in a tax-efficient manner.

Altaba also owns a patent portfolio and stakes in nine public and private companies, including Hortonworks () and Snap (). Altaba's holdings also will include nearly $9 billion in cash.

Hortonworks

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