Keeping Patient Credit Card Details Safe
Steps in Keeping Patient Credit Card Details Safe are as follows:
1. Create a CCOF policy.
2. Store patient information securely.
3. Understand all federal and state laws and regulations.
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2. A recent survey report regarding healthcare payment patterns
reveals that, out of total patient payments, 73 percent of
payments took almost a months’ time. While 12 percent of
patients’ outstanding took more than 3 months to get paid. The
same survey report also suggested that about 35 percent of
provider revenue comes from patient pay. To improve
collections, some providers opt to keep their patients’ credit
card information on file so that they can more quickly collect the
payments. Keeping patients’ credit card information on file can
ensure prompt payments however it comes with the stress of
keeping confidential credit card data on file. No federal or state
laws prohibit businesses from storing consumers’ credit card
information, however, practices are legally obligated to have
safeguards in place to protect sensitive information and limit
liability exposures. In this blog, we discussed the overall
approach to keeping patient credit card details safe.
3. Steps in Keeping Patient Credit Card Details Safe
Create CCOF policy.
Store patient information securely.
Understand all federal and state laws and regulations.
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