What is HIPAA (Health Insurance Portability and Accountability Act)

Healthcare is one of the significant areas of development where the hospitals are turning to innovative models built around advanced medical technologies like electronic health, tele-medicine, and mobile health. Healthcare sector is revolving around big data sets and huge amount of unstructured information produced from these high-tech devices and tools. But the technologies like machine language, big data, and artificial intelligence are turning them to a data-intensive science. The data is used for analysis by medical researchers which in turn is becoming solution for many healthcare challenges like early diagnosis, quality care, portable healthcare, cost- and time-effective treatments, and many more. Therefore, the hospitals are turning to smart hospitals to strengthen their existence in tomorrow's challenging medical service market. This chapter discusses the technology contribution in healthcare, challenges in future, future healthcare and cost model, and challenges for insurance companies.