RCM tip of the day: Focus on compliance, security

With patient payment collections, hospitals should take steps to ensure compliance with HIPAA and payment card industry requirements, advised Dan Berger, national director of healthcare at AxiaMed, a healthcare financial technology company.

Advertisement

He said compliance is especially important as providers accept new patient payment methods, develop new workflows and conduct morestaff training related to collections.

“Compliance and security have never been more important,” said Mr. Berger. “Hospitals should insist that security be built into the technologies they use on the premises [either patient-facing or in the central billing office].”

“Online payments should not be keyed into local workstations unless the payment form is hosted on a HIPAA-compliant gateway,” he added.

Remaining compliant reduces the risk of security threats that can affect a hospital’s ability to process patient payments, Mr. Berger said.

 

More articles on healthcare finance:

How millennial healthcare revenue cycle professionals feel about their employers
Nonprofit hospitals will continue to struggle in 2019, Fitch says
Texas hospital bills wrong patient nearly $13K

 

Advertisement

Next Up in Financial Management

  • Healthcare leaders are often expected to compartmentalize emotion to make difficult decisions, drive results, and maintain operational focus. For many years, I led…

  • Chicago-based CommonSpirit recorded an operating income of $2 million (0% operating margin) in the second quarter of fiscal 2026, down…

  • Amy Assenmacher, RN, senior vice president of revenue cycle at Grand Rapids, Mich.-based Corewell Health, is confident that healthcare is…

Advertisement

Comments are closed.