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In response to a string of large-scale data breaches impacting U.S. consumers in recent years, InstaMed Security Officer Noah Dermer contributed a piece for the HBMA publication, RCM Advisor. Dermer’s article explores why protecting payment data must be a top priority for billing services, especially as security risks and patient payment responsibility both continue to increase in healthcare.

Read the full article, Why Billing Services Are Impacted by Equifax, Home Depot and Target, in RCM Advisor. Below is an excerpt from the article.

Data security is top of mind for today’s consumer. The recent Equifax breach revealed that up to 143 million people may have had their personal information stolen when hackers infiltrated a vulnerability in the credit agency’s network. First and last names, birth dates, addresses and social security numbers are among the kinds of sensitive information that hackers were able to access in the breach. The Equifax breach is the latest in a string of large-scale data breaches impacting U.S. consumers in recent years. As a result, consumers have acquired a greater awareness of security risks and are more selective about who they trust to handle their personal information – including healthcare organizations.

 

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