What does HIPPS mean in Insurance?

This page is about the meanings of the acronym/abbreviation/shorthand HIPPS in the Business field in general and in the Insurance terminology in particular.

Health Insurance Prospective Payment System

Business » Insurance

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Definition

What does HIPPS mean?

hipps
A high-integrity pressure protection system (HIPPS) is a type of safety instrumented system (SIS) designed to prevent over-pressurization of a plant, such as a chemical plant or oil refinery. The HIPPS will shut off the source of the high pressure before the design pressure of the system is exceeded, thus preventing loss of containment through rupture (explosion) of a line or vessel. Therefore, a HIPPS is considered as a barrier between a high-pressure and a low-pressure section of an installation.

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"HIPPS." Abbreviations.com. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.abbreviations.com/term/1624541>.

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