{"id":8275,"date":"2024-03-15T11:39:34","date_gmt":"2024-03-15T11:39:34","guid":{"rendered":"https:\/\/123formbuilder.polarbuildingcleaning.net\/blog\/?p=8275"},"modified":"2024-03-15T11:39:35","modified_gmt":"2024-03-15T11:39:35","slug":"hipaa-compliant-payment-processing","status":"publish","type":"post","link":"https:\/\/123formbuilder.polarbuildingcleaning.net\/blog\/hipaa-compliant-payment-processing","title":{"rendered":"HIPAA-Compliant Payment Processing"},"content":{"rendered":"\n

When you think of personal health information (PHI), you probably assume it’s just your personal data, lab results, and medical records. Well, HIPAA covers more than that. For example, it also protects the financial information used to pay for healthcare services. So, you can use HIPAA-compliant payment processing features with your online payment forms<\/a>.<\/p>\n\n\n\n

When working with patients in the US, your organization must adhere to HIPAA regulations and ensure data security<\/a> and protection for all types of information. You must consider the security of your patients’ information to operate a healthcare practice successfully.\u00a0<\/p>\n\n\n\n

Let’s find out what HIPAA requires for payment processing and how you can upgrade to keep your payment methods secure. <\/p>\n\n\n\n

What Type of Data Does HIPAA Protect?<\/h2>\n\n\n\n

HIPAA covers 18 types of identifiers, including financial information like account numbers, health plan beneficiary numbers, and social security numbers, as PHI. Healthcare companies are authorized to store patients’ data to facilitate payment processing and accounting.<\/p>\n\n\n\n

HIPAA requires organizations to protect financial information with the same level of security as any other data. Effective HIPAA-compliant payment processing improves payment speed, elevates the quality of your practice, and allows you to make new investments. Of course, it improves customer satisfaction<\/a>.<\/p>\n\n\n\n

Failing to protect all personal health information<\/a>, including financial criteria, can result in legal trouble. That includes expensive fines and a bad reputation for your healthcare company or practice.\u00a0<\/p>\n\n\n\n

How Do You Protect Financial Data with HIPAA?<\/h2>\n\n\n\n

Unfortunately, HIPAA does not provide specific guidelines on safeguarding financial data. You can use other industry standards as a north compass in this sense. <\/p>\n\n\n\n

The Payment Card Industry Data Security Standard (PCI DSS) is an industry standard approved by credit card companies. It controls how companies can process credit card payments. Companies must comply with these standards to get closer to being HIPAA compliant<\/a>.\u00a0<\/p>\n\n\n\n

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Ways to Keep Your Payment Systems HIPAA Compliant<\/h2>\n\n\n\n

Technology keeps evolving, and that includes finding new and safer ways to make payments for consumers. However, it’s up to you to use these new technologies and absorb them into your payment processing procedures. They can optimize how consumers pay and your internal processes at the same time. <\/p>\n\n\n\n

Here are some methods to secure your payment systems:<\/p>\n\n\n\n