{"id":121058,"date":"2021-07-13T09:20:48","date_gmt":"2021-07-13T09:20:48","guid":{"rendered":"https:\/\/evertise.net\/?p=33811"},"modified":"2021-07-13T09:20:48","modified_gmt":"2021-07-13T09:20:48","slug":"ways-to-prioritize-hipaa-compliance-while-processing-credit-cards-in-medical-service","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/07\/13\/ways-to-prioritize-hipaa-compliance-while-processing-credit-cards-in-medical-service\/","title":{"rendered":"Ways To Prioritize HIPAA Compliance While Processing Credit Cards In Medical Service"},"content":{"rendered":"

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As a physician, you are obliged to keep all information regarding your patients safe. Disclosure of their medical history, personal, or financial information is illegal under the HIPAA act which is the Health Insurance Portability and Accountability act.<\/span><\/p>\n

Protected health information or PHI includes all paper-based or digital data information that could disclose the patient\u2019s name, contact details, medical records, credit card number, and insurance information. As a health care practitioner, you have to exercise extreme caution while processing payments so that no outside party can have access to the PHI of any of your patients.<\/span><\/p>\n

In the United States, most of the health care costs are processed by insurance agencies. Yet, some expenses are not covered under the health insurance scheme and are paid by the patient either in cash or by card. Payments by credit cards have higher chances of information leak if your financial processing system is not secured by HIPAA compliance.<\/span><\/p>\n

\u00a0Core Financial Processing merchants provide <\/span>HIPAA-compliant credit card processing for surgeons<\/span><\/a> to ensure that all the transactions made at their medical centers are safe and secure. In addition to the safety, their processing system is also convenient, affordable, and flexible both for the patient and the medical surgeon. If you are looking to improve the cash flow in your medical practice, tying up with such reliable merchant solutions could be a game-changer for your finances.<\/span><\/p>\n

Ways to link HIPPA compliance with credit card payments<\/b><\/p>\n

To minimize the risk of information leak, you must first know the stakeholders that are involved in the processing of payments made by credit cards:<\/span><\/p>\n

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  1. The cardholder or the patient.<\/span><\/li>\n
  2. Card issuer which could be a bank or a credit union.<\/span><\/li>\n
  3. Health care or medical service provider.<\/span><\/li>\n
  4. Networks that are used to process financial transactions.<\/span><\/li>\n<\/ol>\n

    It is the responsibility of the health care provider to choose network processors that are:<\/span><\/p>\n