Most of your
time and attention goes towards treating your patients. But as a healthcare
practitioner, your practice is a business. It’s only a matter of time when your
accounts receivable team runs into overdue accounts and unpaid bills.
If you decide
to enlist a medical revenue
debt collection service for help, you need to see if they’re acquainted with HIPAA.
This federal law sets the standards for personal health information protection,
even when bad medical debt collection.
What is HIPAA?
HIPAA — or
the Health
Insurance Portability and Accountability Act — protects
medical records and other identifying health information. First passed in 1996,
it has been updated over the past 24 years to include information collected
electronically.
Protected
health information (PHI) includes the following information:
- Contact details, such as names, addresses, phone numbers, Social
Security Numbers, IP addresses, and email
- Health status, including medical records, device numbers,
biometric identifiers
- Payment of health care, such bank information, credit card
numbers, and insurance
- Provision of health care
What is HIPAA Compliance?
By law, any
company that handles PHI must have physical and network security measures in
place to safeguard this data. Under the HIPAA Privacy
Rule, there is a national set of security standards that companies
must adhere to at these specific times.
- Collecting data
- Storing records
- Sharing information
- Disposing of records
By now,
safeguarding PHI should come as second nature to your practice. But did you
know any company you interact with while sharing PHI must also follow these
same rules?
That includes
all the payment and insurance companies, other medical associates that provide
treatments, and software programs that support your business. If you choose to
partner with a medical bill collection agency, they need to be HIPAA compliant,
too.
How Medical Bill Collections Safeguard Information
A medical
bill collection agency should take its duty to shield PHI seriously. Ask your
medical bill collections agent outright if they are HIPAA compliant. If they
try to avoid the question, that’s as good as answering “no.”
Take a look to
see if they have a comprehensive privacy policy available on their website for
good measure. If they share the digital status of your accounts online, make
sure it’s a HIPPA-compliant portal where you can review your medical bill
collections’ progress.
Rather than
taking your chances with a medical bill collections service that skirts regulations,
you should only ever partner with a company that adheres to all medical bill
collections laws.
Why Does HIPAA Compliance Matter?
HIPAA
regulations are there to protect the privacy of your patients. It ensures you
don’t accidentally leak their PHI to fraudsters who intend to misuse this data.
Beyond your
moral obligations, you also have a legal responsibility to protect this data.
If you fail to do so, you could face significant fines and a hefty
knock against your reputation.
When you
built your practice around your patients, the last thing you want is a scandal to break out
over your mishandling of data. So, the next time you need help recovering debt,
be sure to check your medical collection agency’s privacy policy to ensure
you’re HIPPA compliant at every step of the process.