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Ensure compliance when you choose to outsource medical billing and coding. Avoid penalties with the right outsourced medical billing services partner.
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The Importance of Compliance in Medical Billing and Coding: HIPAA, HITECH, and Other Regulations In the modern world, cyber attacks frequently target the healthcare sector with the intention of stealing patient data and exploiting sensitive information. Healthcare data breaches actually cost US businesses more than $6 billion a year. Healthcare businesses are required to comply with HIPAA and HITECH compliance rules in order to protect themselves from this constant assault of threats. https://infohubconsultancy.com
HIPAA Compliance: The Health Insurance Portability and Accountability Act of 1996 is a federal law that mandates the development of national guidelines to prevent the release of confidential patient health information without the patient’s knowledge or consent. In essence, HIPAA ensures that personal health information (PHI) isn’t improperly exchanged or maintained, protecting patient data and upholding their right to privacy. Role of HIPAA The following are the key objectives that HIPAA Health information privacy Electronic record security Administrative streamlining Portability of insurance https://infohubconsultancy.com
Importance of HIPAA: Patients’ privacy should be respected by providers. Medical personnel must understand that patients entrust them with sensitive information. They would prefer that their provider and themselves keep certain information private. Patients usually feel more at ease being honest and upfront with their provider when HIPAA is in place because they are aware that their information will remain private. https://infohubconsultancy.com
Benefits of being HIPAA compliant: For the healthcare sector, HIPAA brought about a number of significant advantages that will aid in the switch from physical documents to electronic versions of health information. HIPAA has aided in streamlining administrative healthcare tasks, increasing productivity in the sector, and ensuring that confidential health information is transferred in a secure manner. HITECH Compliance: The extended form of HITECH is Health Information Technology for Economical and Clinical Health. The Act encourages the meaningful use of electronic health records (EHRs) by healthcare providers and their business associates. https://infohubconsultancy.com
Importance of HITECH Being HITECH compliant ensures your holistic practice can access the right patient records, communicate sensitive patient information with the right people when it’s necessary to improve collaborative treatment, and take precautions against cybersecurity threats to that sensitive patient information. Info Hub Consultancy (ICS) Services is a leading medical billing companies in India that can assist with your medical billing and coding services. Our expert team is adept at various rules and regulations for every specialty and keeps themselves updated with the latest in the healthcare industry. Compliance is part of our offerings, and we ensure complete adherence to it. Partner with us to witness a growth in your practice’s profits. https://infohubconsultancy.com
MEDIA CONTACT: Info Hub Consultancy (ICS) Services Pvt. Ltd. Sf No 558/2, Udayampalyam Rd, Nava India, Coimbatore, Tamil Nadu 641028 Tel:+1 (888) 694-8634 / +91 829-745-6441 Email - inquiry@infohubconsultancy.com https://infohubconsultancy.com
