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Keeping Patient Credit Card Details Safe<br><br>Steps in Keeping Patient Credit Card Details Safe are as follows:<br>1. Create CCOF policy. <br>2. Store patient information securely.<br>3. Understand all federal and state laws and regulations.<br><br>Contact our Experts at 888-357-3226 to learn more or start exploring now.<br><br>Read Here: https://bit.ly/33EkOrM<br><br>#patientcreditcarddetails #outsourcingmedicalbilling #outsourcemedicalbilling #medicalbillingservice #outsourcedmedicalbilling #federalandstatelaws
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Keeping Patient Credit Card Details Safe Medical Billers and Coders
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.
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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