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BSKS The Health Insurance Portability and Accountability Act of 1996
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TheMachine posted at: Nov 25, 2011, 12:19 pm Go to the top of the page

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Last edited Dec 11, 2011, 2:37 am by TheMachine

The Health Insurance Portability and Accountability Act of 1996
http://www.ihs.gov/Adminmngrresources/HIPAA/images/hipaa-title.jpg

https://www.cms.gov/images/banners/banner-text.jpg

The Administrative Simplification provisions of the Health Insurance Portability and Accountability Act of 1996 (HIPAA, Title II) require the Department of Health and Human Services (HHS) to adopt national standards for electronic health care transactions and national identifiers for providers, health plans, and employers. To date, the implementation of HIPAA standards has increased the use of electronic data interchange. Provisions under the Affordable Care Act of 2010 will further these increases and include requirements to adopt:
Audio Interview Regarding A Smart Card With Biometrics
• operating rules for each of the HIPAA covered transactions
• a unique, standard Health Plan Identifier (HPID)
• a standard and operating rules for electronic funds transfer (EFT) and electronic remittance advice (RA) and claims attachments.

In addition, health plans will be required to certify their compliance. The Act provides for substantial penalties for failures to certify or comply with the new standards and operating rules.

For more information regarding HIPAA including additional provisions under the Patient Protections and Affordable Care Act (Affordable Care Act or ACA) of 2010, go to the "Related Links Outside CMS".
HIPPA Information
http://www.smartcardalliance.org/images/theme/sca_logo.gif

Smart Cards Represent an Excellent Solution for HIPAA Compliance and Support New Applications That Improve Medical Care

The presence of processing capability and memory in a smart card, along with the smart card’s ability to support multiple applications, make smart cards an efficient and flexible mechanism that can help organizations achieve HIPAA compliance while meeting the goals of patients and practitioners. Smart cards have a unique ability to make information access easier for users while at the same time enforcing the more robust security policies required of health care organizations to bring their environments into HIPAA compliance. Smart cards can represent an excellent solution to an organization’s multiple physical and electronic security requirements. Systems that use smart cards as the identity token and secure data carrier have unique benefits.

Smart cards can provide easier information access management, ensuring that users are following established security policies.
Smart cards are a familiar form factor that can be used for both physical access to facilities and logical access to information on personal computers and networks.
Smart cards can help enforce access control to health information, providing support for both user authentication and encryption of data on the card and during transmission.
Smart cards can store health information on the card, performing as secure portable data carriers that are under the control of the patient and the health care professional.
Smart cards, with on-card intelligence and processing capabilities and the ability to use standards-based cryptography, are uniquely capable of enabling compliance with strong privacy guidelines and of enforcing the privacy and security policies set by the health care organization
Smart cards provide a feature-rich platform for health care organizations to implement new applications that improve access to and convenience of medical care.
Health care organizations worldwide are implementing smart health cards. With the appropriate security architecture, smart cards can be a very valuable tool to providers, insurers, and patients alike. They can be an instrumental component of any system that is designed to ensure compliance with HIPAA regulations, as well as supporting new applications that deliver clinical and administrative benefits.

About This Report

This report was developed by the Smart Card Alliance to describe how smart cards can be used to meet HIPAA Security Rule and Privacy Rule requirements. Designed as an educational overview for decision makers, it summarizes the HIPAA privacy and security requirements, provides an overview on how smart cards work, describes how smart cards can be used to support HIPAA compliance and implement other health care applications, and outlines key implementation success factors. The report also includes profiles of smart health card implementations including the University of Pittsburgh Medical Center, Mississippi Baptist Health Systems, and the French, German and Taiwanese health cards.

This report provides answers to commonly asked questions about the use of smart cards as health care cards, such as:

What requirements do the HIPAA Security Rule and Privacy Rule impose on health care providers, insurers, and patients?
How do smart cards work?
How can smart cards help health care organizations fulfill the HIPAA requirements?
What capabilities do smart cards provide for clinical and administrative benefits that extend beyond HIPAA requirements?
What can we learn from organizations who are currently using smart cards as health care cards?
Audio Interview Regarding A Smart Card With Biometrics
What considerations are important to the successful implementation of a system that uses smart cards as health care cards?
If you would like to join the task force, please contact info@smartcardalliance.org.
Great Source of Information regarding Smart Cards
http://img685.imageshack.us/img685/1327/smartcard.png

Smart Card with Biometrics = BSKS
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Bluesky System Holding, Inc. (OTC:BB:BSKS), is the exclusive worldwide licensee of next generation secure data cards by reason of a certain License Agreement with Supera Group, LLC. ("Supera").  In connection with that Agreement, BSKS licensed  more than 30 issued patents for the manufacture and sale of readers/writers and high-capacity data storage in a credit card format for the use in healthcare,  and patient management, medical, dental and pharmaceutical records and other health applications. Bluesky expects the licensed technology to be a game changer in that the delivery of this next generation platform brings secured transactions into the modern world of technology that is being demanded by users.


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Comment By ICEQUITY
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Posted Dec 2, 2011, 9:18 pm Go to the top of the page

Last edited Mar 7, 2012, 10:10 am by TheMachine

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In My Opinion When BSKS Price was @$2.80, ~ Wednesday, November 02, 2011 5:15:17 PM

Market Makers are very low on BSKS shares available to the trading public, the shares they do have must be borrowed from each other to fill orders. Which I've concluded from Finra's regsho short interest data.

Supera Group, has created a perfect investment structure with a low float to launch Supera’s business models, servicing varies industries with their patented technology using high-capacity data storage in a card format.

I have not seen any better share structure on the market then BSKS... Have any of you?

If Supera Group has many of the patents to this "smart card" technology... Then I say $4.20 might not be the 4, 13 & 52 Week High... But more like the new 4, 13 & 52 Week Low!


Comment By ICEQUITY
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Posted Dec 2, 2011, 9:15 pm Go to the top of the page

Last edited Mar 7, 2012, 10:11 am by TheMachine

BSKS@$6.05 up 0.35 (6.14%) 11/30/2011 Buy Vol. +19614 / Sell Vol. - 9200 / Short Interest -+16,962 / Total Vol. 28,814 / 58.8% of total volume = shorted or borrowed.

How do you get a stock to do this? I think its quite simple, DON'T BE GREEDY... Keep a share structure others issuers would envy, market makers love and shorters fearful.

Most of all be the HERO for your Investors!

This is what Yahoo and Capital IQ have as the BSKS share structure... After the 1:30 Reverse Split

Market Cap (intraday):    5.15M = 851,239 shares
Shares Outstanding:    851.00K
http://finance.yahoo.com/q/ks?s=BSKS.OB+Key+Statistics

I estimate the float was around 300K, currently Etrade has BSKS at Market Cap    239.2 M / Shares Outstanding    39.5 M.... which is probably correct.

But my question is how many of the BSKS 39.5 Million Shares are free trading in the float?

851K? Would be a good guess?

20111130|BSKS|16962|0|28814|O 58.8%
http://regsho.finra.org/FORFshvol20111130.txt

from fidelity ..

BSKS Volume    28,814
10-Day Average Volume    25,961
90-Day Average Volume    7,416

Thanks for the update! - fourkids_9pets
"DD is irrelevant when the system in place is corrupt and god knows the system in place is CORRUPT"


Comment By TheMachine
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Posted Nov 30, 2011, 12:46 pm Go to the top of the page

Stock sure is fling! Where did you get your short interest intel? Which site?
.........................
Enjoy and Stay Profitable,
Mark Kabbash
CEO
Equitygroups.com
Your Investor Social Network
Follow Me http://twitter.com/#!/EquityGroups4U
I am not an investment adviser.  Please check with your broker also please check the disclaimers within this site.  http://bit.ly/igC0Cs
Any suggestions or comments?  Please send them to me.


Comment By ICEQUITY
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Posted Nov 30, 2011, 2:07 am Go to the top of the page

What happens when a stock has ZERO Short Interest? If your lucky it might look something like BSKS. In my opinion shorty got burnt bad betting against BSKS... From $2.50 to $5.70 with a bid of $5.70 to top it off, Shorters have helped BSKS in a very good way. Today shows Zero Short Interest for BSKS, allowing buyers to take control for another 21.79% gain... Not like they didn't control it in the first place. Ha! For the past 8 days Short Interest for BSKS = 115,837 / Total Volume = 201,474

Thanks to half the volume in the past few days coming from shorty feeling the squeeze, BSKS had just made a excellent example for other stocks on how to beat Shorters. But of course you would have to take the share structure, intellectual property, business plan, management and your investors as part of the winning formula!





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