The healthcare sector is highly susceptible to identity theft and medical fraud. Imposters use automated data exploitation techniques to breach patient’s medical records and sell them on the black market. Patients also face a severe problem of phantom billing and upcoding, which is why a report showed that in 2020, online scams accounted for 58% of total cyberattacks in the healthcare sector. These cyberattacks affect the patient’s medical treatment and limit the provision of medical services to them. The healthcare sector must utilize an electronic verification system to minimize medical scams and make this industry accessible only to legitimate identities.
E-IDV Solutions – Ensure a Secure Patient Onboarding Process
An electronic verification systems utilizes digital services to validate the patient’s legitimacy before providing them access to medical services. The healthcare sector is sensitive to identity thefts and medical scams, which makes medical facilities inaccessible to legitimate individuals. Imposters breach the patient’s medical records and prescriptions, using this information to access medical services illicitly. The patient’s medical records store sensitive information that is highly desirable by scammers. It is essential to protect these medical records from illicit attempts, which can be done through electronic verification.
Electronic identity verification screens patients against official government directories to validate their authenticity. E-IDV provides a secure onboarding experience for the patients due to the incorporation of multi-layered authentication. This service includes KYC-compliant biometric facial recognition and fingerprint scanning to ensure the patient’s authenticity. The healthcare sector should utilize automated OCR scanners to extract important patient records effectively and store them in digital databases that are only accessible by legitimate personnel.
E-IDV Process – The Significance of Automated Solutions to Protect Medical Records
An electronic verification system is essential to protect medical records from identity theft. These services identify the risky identities that attempt to breach the patient’s records to illicitly acquire medical services. The imposters make false insurance claims by stealing the patient’s records, causing complications for medical service providers. Sometimes, the medical service providers are involved in illicit activities, such as charging patients for double billing. These attempts should be eliminated by regularly monitoring the activities of medical service providers.
The healthcare sector must implement medical policies that comply with the Health Insurance Portability and Accountability Act (HIPAA) because they ensure the protection of patient’s medical records from being disclosed for illicit uses. They should implement digital verification solutions to provide automated online channels for patients to track their medical services and insurance claims.
E-IDV Service Provider – Mitigate Medical Scams with Automated Verification Solutions
The healthcare sector faces various medical scams that produce inconsistencies in the medical sector. The patients are prone to several attacks, such as phantom billing. Phantom billing is a medical scam where the medical service providers charge the patients for those services that have never been offered to them. They also require patients to pay for the same service twice. The imposters try to use the patient’s insurance claims through illicit means.
These medical scams can be mitigated if the healthcare sector imposes digital biometric verification solutions and optical character recognition (OCR) services to validate the identity of all individuals who try to access medical services. Biometric video recognition solutions can validate the customer’s liveness and check their authenticity by comparing their features with stored documents. The healthcare sector should use OCR scanners that accurately extract medical records and store them in digital directories for efficient data collection and verification.
Identification Checks – Healthcare Due Diligence to the Rescue
Customer due diligence is the ultimate solution to assess the risk profiles of potential customers. Similarly, the healthcare sector should utilize healthcare due diligence, which allows it to authenticate all the related entities that deal with the medical industry. All the medical suppliers, distributors, and insurance service providers must be screened for important watchlists. These detection services can highlight the risk profiles of these entities, which helps the medical sector to effectively acquire legitimate providers. This eliminates the risk of insurance fraud and illicit medical scams.
E-IDV Provider – A Seamless Medical Fraud Preventive Measure
An electronic verification service provides a seamless medical fraud preventative solution as it protects patients’ medical records from imposter’s reach. Biometric verification ensures that the medical services are provided to only the legal patients that higher medical have authorized. The utilization of OCR technology provides accurate information extraction, eliminating the presence of forged documents from being verified. The digital verification solutions reduce the waiting time for the patients as biometric verification can provide fast and easy access to the services.
Summing It Up
An electronic verification system is essential for the healthcare sector. These services protect patients and healthcare officials from medical scams and vendor inconsistencies. The online biometric verification solutions and OCR technologies provide a streamlined patient onboarding experience. They also protect medical records from identity theft and false insurance claims. The healthcare industry must conduct an extensive healthcare due diligence to authenticate the identities of medical distributors and insurance service providers, enhancing the privacy of the medical services.