The USA Patriot Act
[Understanding Financial Implications for Healthcare Entities]
By David Edward Marcinko
By Hope Rachel Hetico
In the wake of the September 11, 2001, terrorist attacks against the United States, the U.S. Congress passed Public Law 107-56 whose short title is “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT Act) Act of 2001.” It has been modified for terrorist activities of 2010.
Also, in the wake of well-publicized scandals involving Enron Corporation and its auditor, Arthur Andersen, the U.S. Congress passed Public Law 107-204, whose short title is “The Sarbanes-Oxley Act of 2002.” It too was modified after the domestic financial implosion of 2009.
Today, these two pieces of legislation should increasingly be on the radar screen of all physicians and medical executives as the healthcare reform debates rages on.
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