Thanksgiving not only marks the start of the holiday season – it’s also a time to reflect on what you’re most thankful for. As a security officer, I am thankful for all the payment technology that helps prevent data breaches in healthcare and that make processing payments secure and convenient. I can pay where I want, how I want and when I want, all with confidence that my information is protected.
What piece of the security pie are you thankful for
As students and parents get ready for a new school year, it’s a good time to regroup and set up new goals for the upcoming fall and winter months. While students go back to school shopping, healthcare should consider picking up some new tools and best practices for healthcare payments.
Here are five “back-to-school” lessons healthcare organizations can learn before taking on the new year ahead:
Utilize Omnichannel Payment Options
Crayons, markers or colored pencils… Which is your preference for coloring? Students all
At InstaMed, we talk to providers every day about simplifying healthcare payments, and we’ve heard plenty of feedback about how patients want to pay their healthcare bills. We also talk to consumers to understand what they want from their healthcare payments experience. It turns out that regardless of organization size or region, there are a lot of misconceptions about patient payment and billing preferences.
The challenge is that overcoming these misconceptions often means change for a healthcare organization, which can be
At InstaMed, we’re proud of the innovations we delivered in 2016 that helped providers and payers collect and manage payments more efficiently and helped improve the consumer experience. At the start of a new year, we want to look at how the challenges facing providers, payers and consumers have changed or evolved, and how we can continue to improve and do more to answer the needs of our customers for simplifying healthcare payments.
Provider and payer organizations are becoming more complex
There are two mindsets a person can have at the end of a year: you can reflect back on the events that have passed, or you can look ahead to a new year and new start. For the InstaMed Security Corner, we’ve done both. If you want to reflect on 2016, check out our Security Year in Review. If you’re eager for a fresh start in 2017, here’s a list of New Year’s resolutions for healthcare payment security.
What is it?
A digital wallet is an electronic device that allows a consumer to store payment information electronically so they can make a payment online.
Most consumers already use this kind of payment functionality on any number of ecommerce sites they frequent, but they might not realize they are managing a digital wallet. More than half of consumers pay for items online using a digital wallet.
Digital wallets make online payments easier by storing a consumer’s payment information and preferences for future
omnichEarlier this month, many students brushed off their textbooks and headed back into the classroom for a new school year. Healthcare providers can take a cue from the academic calendar and use September to review their healthcare payments processes. Last month, InstaMed Security Officer Noah Dermer gave providers a Back to School Security Checklist. This month, let’s focus more on the revenue cycle and talk about some terms that should be a part of your everyday patient payments vocabulary.
In the first edition of our Security Corner, I explained some key terms and acronyms that frequently appear in discussions about healthcare payment security. I also had the opportunity to elaborate on those explanations at the InstaMed 2016 User Conference earlier this month. But those terms, while important, do not begin to cover the span of the payment security industry. Plus, new terms are popping into our vocabulary on a regular basis, as the payment industry continues to advance and