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A February 2023 report published by researcher Joanne Kim outlines the results of a two-month study of how data brokers sell sensitive data mental health data collected from mHealth mental health apps. HIPAA, in some cases, may not legally obligate privately held companies to keep collected information private.
CMS is the federal agency that administers HIPAA standards and develops Medicaid and Medicare reimbursement policies for telemedicine. HIPAA : HIPAA, or the Health Insurance Portability and Accountability Act , is a healthcare compliance law providing data security and privacy for the safeguarding of patient medical information.
Larger companies may be able to more readily take on this financial risk, but the process of a clinical trial is still likely to take years , with no certain outcomes (a 2009 National Academy of Sciences study found that 75 percent of drug research costs are sunk in products that fail to move out of the clinical trial phase).
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