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

Medical coding and billing affects everyone during their lifetime and yet the regulations of medical coding and billing are extremely complex. Examining the history, evaluation, and effect of new regulations and their cost shed light on an already complex industry. We will review government regulations, technological advancements, and requirements that providers will face in the near future. We will examine our current systems and how they evolved through time and what they may be in the future. We have reviewed articles from the Medical Billing and Coding Association, the

If you have ever bought something over the internet and used a credit card you may not have thought how secure is my information? Is this vendor someone I can trust with my credit card number? Will they inform me if my information is lost or stolen by them? These questions and many more can be answered by the Payment Card Industry Data Security Standard (PCI DSS). The PCI DSS compliance requirements are strictly enforced by the payment card brands to all merchants who transmit, store, or process credit card information. The main goals or objectives of PCI DSS are: build and maintain a secure network that is PCI compliant; protect cardholder data; maintain a vulnerability management program; implement strong access control measures; regularly

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).

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.

There are also challenges that this industry is facing such as restrictions on online payment services by the government and agencies, security of information and data, and adaptation is also a problem. There is a race to control online payments and data processing that includes large known corporations such as Google, Apple, Samsung, Visa, PayPal, Square, Intuit and others more. And these corporations are very far ahead in the industry in terms of technology and consumer market. Apple last year had introduced the app called ApplePay, which enables you to store credit card and debit cards information and even gift cards and pay directly from your phone by

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..

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

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

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

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.

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.

In today’s economy, cash or a credit card is needed to meet the basic human needs. It is an apparent fact that we need cash or credit cards to purchase items such as food, clothing, and to buy gas. Also, when you are out shopping and discover that you have used all the cash in your possession, it is then that you realize that the advantage of having a credit card. Furthermore, with cash, you are restricted to the amount in your wallet or purse; however, a credit card allows you to pay for your purchase at a later date. Both cash and credit cards can be useful when you manage them wisely. While cash and credit cards are similar in that they both are readily accessible, used for goods and services at the time of purchase, they are dissimilar because of theft, high- interest rates, identity theft.

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

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