Definition
HIPAA Carve-Out
Third-party apps receiving patient-authorized data are not bound by HIPAA. This is why the privacy architecture of a product like Savva matters more than the policy, and why Stephen's local-only, no-account design is the actual protection.
From the episode “The Truth About Lying to Your Doctor”Hear it on the podcast1 episode
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Related terms in Finance & Markets
GarnishmentA court-ordered process that takes part of a debtor's wages to pay a judgment.GDPRThe EU data protection regulation. Constrains how candidate data can be collected, processed, and retained in Europe.Great Wealth TransferThe largest intergenerational wealth transfer in recorded history: an estimated $60–90 trillion moving from Baby Boomers and Gen X to Millennials and Gen Z. The transfer is not gradual — the bulk occurs in the next 10–12 years due to the compressed age distribution of the two wealthiest generations. Most inheritors are structurally unprepared: Noyack's 5,000-respondent survey found only 8% of millennials had ever had a serious conversation with parents or extended family about family wealth, limited partnerships, or estate planning. CJ Follini argues this creates both a crisis (wealth destruction through poor decisions and taxes) and an opportunity (the market for financial literacy and democratized wealth management tools is enormous).HIPAAUnited States health data regulation. Does not strictly govern veterinary records, which is exactly why CoVet's voluntary adherence is a differentiator.I-9The federal form verifying an employee's eligibility to work in the United States.IDIQ (Indefinitely Delivered, Indefinitely Quantity)A type of contract that provides for an indefinite quantity of supplies or services during a fixed period. Shield and Golden Dome referenced in this episode are examples.Illiquidity PremiumThe excess return investors earn for holding assets that cannot be easily converted to cash. Alternative investments — real estate, private equity, fine art, venture capital — offer illiquidity premiums over public market equivalents precisely because most investors cannot tolerate being locked up. The flip side: if you are forced to exit an illiquid position early (due to an unexpected cash need), you may have to accept a 70–80% loss on principal. CJ Follini identifies illiquidity as the #1 structural barrier keeping individual investors out of alternatives, and argues it is fundamentally a planning and budgeting problem — not an investment knowledge problem.IndemnityThe contractual promise that if a licensed use is disputed, the platform carries the liability rather than the buyer.