HEALTH CARE- securing patient data from payment and beyond
The health care industry is in the midst of rapid change. The sweeping Patient Protection and Affordable Care Act could radically transform the landscape for providers, patients and payers. On the financial side, margins are continuing to be squeezed by declining insurance reimbursement rates. And patient self-payment has soared over the past decade, making it critical for providers to manage eligibility verification and payment efficiently and securely at the point of care.
Providers and payers need a better way to deal with the relentless avalanche of paper that threatens to overwhelm the industry. Using the latest technology, providers and payers can more effectively identify, access and share patient payment information online. VeriFone’s innovative and highly secure payment solutions are the perfect prescription to identify patients and determine eligibility with just a card swipe, securely process payments and exchange related records electronically, comply with regulations such as PCI and HIPAA, and even promote a provider’s practice or specialties at the point of care. All of which can improve revenue-cycle management and control costs, while enhancing patient care.