FEATURE sTOrY new Security innovations for Healthcare payments HELP YOUR CLIENTS PREPARE FOR TODAY AND TOMORROW ealthcare payment channels are expanding rapidly with new innovations, allowing patients to pay virtually anywhere, from any device, and in any way they choose. With the expansion of payment channels, there comes a greater risk to billing services and medical practices that accept the payments. Security for healthcare payments also continues to evolve, giving billing services and their clients new tools to protect cardholder data, prevent fraud, and protect their businesses from a data breach. as providers accept more payments from different channels and consumers owe more money for healthcare services, it is more important for billing services and their clients to be aware of new security innovations available for healthcare payments and how to protect themselves from a data breach. With a proactive approach to payment security, billing services position their business as a valuable asset to help clients prepare for the future, especially as security innovations in healthcare payments and large-scale data breaches frequently make news headlines. p2pe In order to most effectively protect payment card data, the data must be encrypted as soon as it is swiped or keyed, a process called point-to-point encryption (P2Pe). P2Pe is the most secure method of payment card security because once the data is encrypted, it is not decrypted until it arrives at the secured endpoint (the payment processor). Furthermore, no one can access the data at any point, including the merchant (the provider client). This method automatically segments the merchant network, separating systems that store, transmit, or process cardholder data from those that do not – cutting down the number of systems and devices that are exposed to possible data breaches. P2Pe also reduces the scope of PCI requirements for a billing service’s provider clients, therefore simplifying compliance – saving billing THe jOurNaL OF THe HeaLTHCare BILLINg aNd maNagemeNT assOCIaTION 27 By Bill Marvin H With a proactive approach to payment security, billing services position their business as a valuable asset to help clients prepare for the future.
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