3 Ways to Improve Patient Payments Data Security and Compliance
Healthcare IT Today
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Contributed by: Sarah Richardson
Summary
Patients are increasingly concerned about the security of their personal data, with a recent survey showing that 95% worry about data breaches and a significant distrust in Big Tech handling their health data. Healthcare data breaches are notably costly, averaging $10.9 million in 2023, primarily due to phishing and compromised credentials. These breaches jeopardize patient care, privacy, and institutional reputation. Providers can enhance data security by adopting advanced patient payment technologies that incorporate PCI compliance, payment tokenization, and validated point-to-point encryption, thereby mitigating the risks associated with data breaches.
