Myth vs Facts: Two Healthcare Payment Trends Debunked

When new technologies and methodologies enter the healthcare
payments industry, they can create quite the buzz. Two that I’ve been hearing a
lot about recently are credit checks in healthcare and contactless payments. But
some of what I’ve been hearing hasn’t been accurate. I decided to take a look
at the facts and debunk two myths circulating in the industry.

Myth: Credit Checks Determine a Patient’s Likelihood to
Pay

Due to the rise in patient responsibility, healthcare
organizations are trying to find better ways to collect patient

Tagged Contactless Payments, Credit Checks, EMV, FICO

Payment Device Questions – What Healthcare Organizations Need to Know

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Payment devices enable you to collect funds at critical touchpoints throughout a patient encounter. When choosing payment devices, healthcare organizations need to consider several factors, especially when it comes to security and convenience.

Here are answers to some commonly asked questions about payment devices in healthcare.

How can we ensure our payment devices are secure?

The best way to ensure your payment devices and your network are

Tagged Contactless Payments, Devices, EMV, NFC, POS

Give Thanks for These Payment Security Accomplishments

November is a time to reflect and give thanks for all the good things in our lives. As a security officer, I am additionally thankful for accomplishments in the field of security and compliance that help us better protect payment data and prevent data breaches in healthcare. Around this time four years ago, we were not so thankful for the massive breach that affected Target stores and compromised the credit and debit card information of 110 million consumers – right

Tagged Compliance, EMV, InstaMed Secure Token, NFC, P2PE, PCI-Validated P2PE Solution Provider, security

Why Are We Still Talking About EMV Two Years After the Liability Shift?

The EMV Liability Shift went into effect two years ago in October 2015. Since then, U.S. merchants have made a lot of progress in adopting the chip-based card transactions, and consumers have grown accustomed to inserting their credit or debit cards to complete a payment. However, you might be among the many merchants who have taken steps to accept EMV transactions but are still struggling to support them. Why? Most likely, your merchant processing solution is to blame.

But, My Payment

Tagged EMV

There Are No CliffsNotes for PoS Payment Device Security in Healthcare

Last month, I wrote about InstaMed’s successful one-year health check for our PCI-Validated P2PE v2.0 solution. Achieving PCI Validation for P2PE is a rigorous process that proves that InstaMed’s products meet the high standards of PCI for encrypted payments. The fact that a solution can meet these standards is impressive and something to be proud of. However, meeting standards – even the highest standards – isn’t always enough. How can we go above and beyond to ensure we are creating the

Tagged Devices, EMV, POS

Ransomware in Healthcare: What You Need to Know

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As the healthcare industry experienced the second year of COVID-19, healthcare organizations found themselves navigating new COVID-19 cases as well as new risks from cyberattacks.

According to IBM’s recently released Cost of a Data Breach Report 2021, costs associated with healthcare data breaches increased 29.5% in 2021 to over $9 million. Such attacks not only put sensitive patient and payment data in harm’s way but

Tagged Compliance and Security, EMV, PCI-Validated P2PE Solution Provider, tokenization

Why Doesn’t My EMV Work?

At point-of-sale touchpoints (when a consumer pays in-person) in organizations across the country, consumers have gradually learned the new process of inserting their credit cards, rather than swiping. However, as consumers adjust to this new way to pay, they are frequently bombarded with a message telling them the opposite: “Chip function unavailable. Please swipe card.” They’re seeing this confusing message because, though the business purchased an EMV-enabled card device, they still cannot accept EMV transactions.

Remind Me What EMV Is Again:

EMV

Tagged EMV

EMV: Chipping Away at Fraud One Year After the Liability Shift

EMVIt’s been one year since the EMV fraud liability shift went into effect in October 2015. As a consumer, the main impacts I’ve experienced is a slew of new chip-enabled payment cards in my wallet and some consumer confusion at retail stores where chip card technology is enabled. However, as a Security Officer, I’ve seen many benefits resulting from the introduction of EMV to the U.S., both expected and unexpected. Let’s review:

What is the liability shift?

In October 2015, the major

Tagged Compliance and Security, EMV, healthcare consumerism

3 Opportunities to Enhance Payment Security at Your Practice

Offering patients multiple ways to pay is the best way to engage patients in the payment process and maximize your patient payment collections. However, new payment options can lead to increased security risks if providers do not take the proper precautions. With data breaches threatening serious financial and reputational repercussions, providers should look for ways to enhance security and protect sensitive payment information.

Here are three opportunities to enhance payment security at your practice:

Point-of-Service

Many providers accept credit cards in the office

Tagged Automatic Payment Collection, EMV, healthcare payment security, P2PE, patient payments, payment plans, secure mobile healthcare payments

Introducing: Security Corner with Noah Dermer

Welcome to the Security Corner
Welcome to the first installation of InstaMed’s Security Corner, a monthly blog feature discussing important topics in compliance and security with me, Noah Dermer. I came to InstaMed in 2015 to join the Security and Compliance team. Previously, I was the Chief Security Officer at Epic Systems, where one of my responsibilities was building security into Epic’s enterprise applications. As Security Officer at InstaMed, my goal is to support our security and compliance mission as well

Tagged Compliance and Security, EMV, healthcare payment security, P2PE, PCI compliance, PCI scope, PCI-DSS, security

Blog Post Topic: EMV