Healthcare privacy has never been more at risk than it is today. With massive changes in healthcare technology, records are now being shared, distributed, and accessed online. While this open accessibility is revolutionizing the industry, it has also opened the door to fraud and theft.
The ubiquity of healthcare information online has made it very easy to access information including comprehensive files on diagnosis, treatment, and patient’s financial information. This has resulted in greater efficiencies and better patient care. However, it has also presented a massive challenge for companies who access and verify healthcare data, while still maintaining the highest levels of security.
Healthcare is one of the fastest growing industries, and it always will be. Healthcare institutions have built up a reputation for lagging claims, mountains of paperwork, and a bureaucratic process that does not complement the experience that patients need and want. This is a big pain point, and we understand. IDMerit has a simple solution to onboarding.
Onboarding for healthcare services has historically been extremely slow. Patients find it difficult to make it through onboarding procedures in a timely basis. This is often due to slow know your customer (KYC) processes meant to prevent identity theft and patient fraud. IDMERIT can help solve these issues by speeding up the process of authenticating a person’s identity with instant online identity verification services.
Without a doubt, access to great healthcare starts from the onboarding process. A quality experience from beginning to end and ongoing care needs to be personal and individualized. Each patient has a unique health identity. To be able to seamlessly verify that identity from registration to discharge requires thousands of hours of manpower. Automated frictionless identify verification is our solution.
Let’s look specifically at the cost value of implementing a seamless identity verification system.
Minimize payment delays.
• Reduce returned mail, billing costs, and lost invoices by confirming demographic information. With up-to-date demographic information on file, you can minimize payment delays and reduce billing and collection costs. All of this takes place while proactively minimizing identity theft.
Prevent identity theft
• By identifying potential cases of identity theft from the initial onboarding, the user can address any discrepancies in records from the start of the process.
Lower collection costs
• Follow up on accounts more effectively by ensuring patient contact information is up-to-date and accurate at the front end of the revenue cycle
Reduce claims denials
• Updating incorrect demographics, such as name, Social Security Number, and Date of Birth can reduce or eliminate claim denials
Protect your organization’s reputation
• Improve the quality and efficiency of service.
Identity solutions allow healthcare institutions to improve the onboarding process by eliminating extraneous paperwork and their associated costs. Our solutions can help reduce labor costs, improve the flow of patient information and transactions, and reduce problems like claim rejections owed to wrong or missing information. IDMerit will help your institution minimize payment delays, reduce billing and collection costs, protect your patients from identity theft, and uphold your organization reputation. Industries worldwide are becoming more digital and paperless; the healthcare system is not an exception. The benefit, incentives, and cost value for implementing a more streamlined onboarding process is clear.
IDMERIT’s healthcare solutions provide advanced protection from healthcare fraud and identity abuse. With our platform, you will be able to securely access and share healthcare information quickly and easily for verification. With our up-to-date solutions, you will always be compliant with relevant regulatory standards (HIPAA, HITECH, CLIA.) This will result in gaining the trust of the patients and healthcare providers.
IDMERIT uses advanced technologies to verify and validate individual identities. No human review takes place, allowing personally identifiable information (PII) to remain safe. Other providers in the industry use the manual review for their verification processes; furthermore, the reviews often take place overseas, outside of the protections of consumer data regulations. IDMERIT thinks that manual review is an unwise practice because it puts PII at risk. With our secure API, you can ensure that the healthcare data of your patients remains safe and secure.
IDMkyc is an identity verification tool for people and businesses. Using a secure API, it takes imputed personal information and matches it against data from official data sources in the person or businesses country of origin. All of this happens in real time. This is a low friction solution that helps combat against many different types of fraud.Learn More
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