Final answer:
The formal approval process for academic programs in Health Information Management is called Accreditation.
Step-by-step explanation:
The formal approval process for academic programs in Health Information Management is called
Accreditation
. Accreditation is a process where a recognized organization evaluates and validates a program to ensure it meets specific standards of quality and educational excellence. Accreditation is important as it ensures that students receive a high-quality education and that the program meets industry standards and prepares students for their professional careers in health information management.