Legal Theories That Affect A Manager s Decisions Essay

The study of law greatly impacts a manager’s decisions within his/her business. This is to improve its functions and to create a certain order. There are different legal theories that affect certain business environments and/or foundations. Legal theories by definition, â€Å"draws contributions not only from academic law, but from a wide range of related disciplines in the humanities and social sciences, including philosophy, political science, economics, history and sociology.† Legal theories also affects and is applied to the health/science field and the business within that field among employees. Within the medical setting, (such as hospitals, clinics, science labs, etc.) the HIPAA law is rule enforced by the managers, directors, etc., to all of the employees. The HIPAA law affects the actions of not only the employees but also the managers’ actions and decisions when using the HIPAA law. This affects how the medical business operates as a whole. The term HI PAA stands for Health Insurance Portability and Accountability Act. This was enacted in 1996 by U.S. Congress and signed by President Bill Clinton. The primary goal of the HIPAA act is to make it easier for people to keep health insurance, protect the confidentiality and security of healthcare information and help the healthcare industry control administrative costs. There are five titles within the Health Insurance Portability and Accountability Act. The first title protects health insurance coverage if one changesShow MoreRelatedHistorical Development Of Incorporation Law1519 Words   |  7 Pages1.0 Introduction There are different business structures in Australia. Each business structure has unique set of obligations, legal requirements, convenience or advantages and inconvenience or disadvantages. 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