How A Single Physician Medical Practice Can Start A Card Payment System

By providing payment software it could potentially allow for any employee to look at the balance in someone’s account. It would allow for better communication throughout the company because it provides visibility.

This affects the delivery of healthcare in that the information needed by providers, physicians, medical staff, and the patients themselves, may not be delivered correctly, timely, and of course securely. Various systems will be discussed and each how they affect healthcare delivery, in particular Electronic Health Record (EHR), Electronic Medical Records (EMR) and Computerized Physician Order Entry (CPOE) (also sometimes referred to as Computerized Provider Order Entry).

In order to be compliant with the mandates requiring healthcare providers to adopt electronic medical records and billing system, the clinic is faced with a major undertaking. In spite of incentives or penalties, the practice realizes that adopting an EMR will increase quality care, while improving communication, and tracking patient outcomes. As part of our strategic planning process, I have challenged all managers to dissect, and understand the details surrounding the HITECH Act, and begin providing education to the staff. I have also assembled a task force that will explore the best path

There are advantages and ways that a single physician medical practice can start a card payment system. According to the research firm Javelin Strategy and Research; by the year 2017, twenty-three percent of all point of sale or counter sales will be made in cash ( Brooks, 2014). What this means is that over seventy percent of counter sales or point of sale transactions will be made electronically. It is, for this reason, prudent for all forms of business to ensure that they can evolve with the market. If the business is unable to do so, it is likely to lose its edge over its competitors. The Payment Card Industry Data Security Standard, regulates the way businesses or organisations handle credit card information or data.

There are currently a number of seemingly irresolvable issues plaguing Ontario’s healthcare system. For one thing, the system is characterized by rising costs and reduced government spending which stem from critical public perception. There is also a prominence of fraudulent claims and spending that can be attributed to a lack of transparent and shared data, as well as administrative errors. Moreover, this lack of shared data is facilitating double-dosing and prescription drug abuse. Furthermore, medical errors are claiming the lives of a striking number of patients as there is no centralized source for collecting data about faulty medical equipment. Security of patient data is also a growing concern and the lack of secure encryption software and the amount of data transfer over unprotected networks should be minimized. Limited data integration reduces optimization possibilities resulting in notoriously long wait times and an ever-growing lack of family physicians. The underlying cause surrounding all of these issues can be attributed to an overarching lack of shared data and integration is due to the provinces mishandling of contract awards, resulting in a subpar return on digital investments.

Payment Card Industry Security Standards Council (PCI) is a set of requirements designed to ensure that ALL companies that process, store or transmit credit card information maintain a secure environment. Essentially any merchant that has a Merchant ID (MID) (PCI Compliance

ABC Healthcare in order to comply with regulatory standards must understand the Health Insurance Portability and Accountability Act (HIPAA), Sarbanes-Oxley Act (SOX), and Payment Card Industry Data Security Standard (PCI DSS) data security, storage security, and payment security requirements.

PCI DSS is not a law. Instead, it is a standard that was jointly created by several credit card companies. Any organization that accepts credit card payments over the Internet needs to comply with PCI DSS..

Today, the Health Information Technology for Economic and Clinical Health (HITECH’s) main focus is to transfer healthcare records from a paper format to a digital format known as Electronic Health Records (EHR). Due to the sensitivity of the transferal of this data; the possibility of hackers and breaches, the Health Information Portability and Accountability Act (HIPAA) alongside HITECH recommend that health care entities employ multiple approved governing standards to aid in the facility remaining compliant with current local and federal regulations for safety and privacy of said data (Oracle.com, 2011). These regulations govern both the local and federal hardware/software vendors and users now known as business associates under the Mega

Major credit card issuers such as MasterCard, Visa, American Express, Discover, and JCB International joined together to create a standard known as PCI DSS or Payment Card Industry Data Security Standard. In order to process credit card payments merchants and vendors are required to be

called as PCI-DSS is that the standard is made to help the controls of the card holder information also, its chiefly done to the turn away the credit card misinterpretation by exposure. The PCI-DSS

minimizing human intervention. The regulatory focus at ABC Healthcare is on the Health Insurance Portability and Accountability Act (HIPAA) and Sarbanes-Oxley (SOX). Both pieces of legislation highlight the need for good systems administration and controls, but focus on different aspects of the business. The main focus of HIPAA is to protect personally identifiable health information while SOX is concerned with data that impacts financial reporting. Violations may be met with both civil and criminal penalties. Therefore, the company must be ever watchful of new threats to their systems, data, and business operations.

Online payment processing services perform transactions at a much greater speed than manual processing. As well as ensuring error-free computations and faster processing time. Which means

The Payment Card industry Data Security Standard applies to companies that use, store and transmit protected financial information. Companies bear responsibility for compliance, but many of the company 's payment processors offer compliance tools for businesses they serve. It 's essential that companies implement PCI standards. Developing a plan for physical and digital security protocols is essential if companies want to avoid fines, penalties, customer lawsuits and even cancellations of their payment processing privileges due to security breaches caused by noncompliance.

Requirement number three is to protect stored cardholder data using encryption, truncation, masking and hashing as part of the cardholder data protection. If a hacker manages to bypass the security protection and get access to the encrypted data, the information is unreadable and useless without the correct cryptographic key. Only the minimal amount of cardholder data should be stored whenever possible. There should also be policies for data retention and disposal procedures of cardholder data storage. Only store the minimal data needed, do not store the entire track of contents of magnetic strips, card verification code, or PIN number. PAN numbers must be rendered unreadable anywhere they are stored. Cryptographic keys should be stored in as few locations as possible and under secure encrypted devices.