The US financial industry sets guidelines providing incentives for companies to protect their personal financial information. Some examples of privacy are “. California’s Security Breach Notification Act, Children’s Online Privacy Protection Act, Fair Credit Reporting Act, and Family Education Rights and Privacy Act” (Johnston & Warkentin, 2008). These privacy policies help companies protect human rights and corporate finances. One of the most important drivers for improving healthcare is the HIPAA regulation of 1996 (Frost & Sullivan, 2008). The Health Insurance Portability and Accountability Act of 1996 is passed by the United States Congress. to protect patient health information. The purpose of the HIPAA regulation is to protect and ensure the privacy of medical information. The law is set to protect any patient health information recorded or created by any healthcare professional (Smith, 2000). Healthcare has faced many challenges in protecting health information. The increase in the amount and cost of private health information, the absence of uniform standards for disclosure, patient access, control and sharing of information led HIPAA to pass a law in 1996 (Kumar, Henseler and Haukaas, 2009). The goal of HIPAA was to control patient information disclosure, multiple patient access to their data, secure data storage, and data transfer (Kumar, Henseler, & Haukaas, 2009). HIPAA also imposes legal activities and penalties for violating the rules. The law consists of three parts: privacy information, transaction rules and security rules. The privacy rule indicates what information should be kept private, the transactional rule involves the exchange of information, and the security rule implies security for data transfer (Kumar, Hensele, and Haukaas). HIPAA regulations set rules for vendors to develop a tool or product that can comply with security rules. With clear security regulations provided by HIPAA, EHR technology vendors can provide secure data exchange and compliant record systems. Vendors have made every effort to create a safe and secure data storage product to comply with HIPAA (Miller & Sim, 2004). Healthcare spends only 2% of gross revenue on healthcare improvements, while banks spend about 10% of gross revenue. in process improvements (Gupta & Murtaza, 2009). With the new safety rules, healthcare must spend its revenue on healthcare reform and introducing more techniques to improve patient care. HIPAA mandates that various things such as necessary information can be shared; providers must provide patients with all patient-related information and disclose it on behalf of patients (Gupta and Murtaza, 2009).