25 Seconds Can Save Hospitals $30 Million with Patient ID Systems

Did you know that the average hospital system has a 10% duplicate error rate and it costs about $100 to correct each error? If your healthcare facility has 500,000 registrations each year, that’s 50,000 errors and you spend about $5M correcting those errors. Did you know that the average hospital loses $17M in billing errors every year, primarily due to patient identity errors? In the Ponemon Institute’s 2016 survey, hospitals stated that an average of 35%of all denied claims were a result of inaccurate patient identification. This represented an estimated value of over $17M per year per hospital. Did you know that patient mis-identification also contributes to lost productivity for clinicians? The Ponemon Institute’s 2016 survey also stated that the average clinician wastes almost 30 minutes per shift due to patient mis-identification. This misidentification costs the average healthcare organization $900,000 per year in lost productivity. Did you know that there are over 2 million incidences of medical identity fraud every year? With 5,627 hospitals in the US, that is 355 potential incidents of medical identity fraud in each hospital. The average cost of medical identity fraud is around $13,500 per incident, which calculates to around $4.8M per year per hospital. With modern absolute patient ID techniques, there is no reason why medical identity theft still exists. Did you know that spending 25 seconds with a biometric patient id system can save you almost $30M a year? 25 seconds is all it takes for a biometric patient id system to accurately identify a registered patient, preventing duplicate registrations and the need to correct them. Patient ID systems play a critical role in helping providers reduce billing errors and collection problems associated with patient identity mistakes. Absolute patient id systems can save your healthcare organization millions [...]

Use of Smartcards for Healthcare

Smart cards for healthcare are well established in France, Germany and Taiwan, but they have received minimal attention in the United States. Benefits of a smartcard include faster registration of patients, absolute healthcare identity, portability of medical records and potential data support for existing electronic health records. History of the use of smartcards for healthcare outside the U.S. The history of large scale deployment of health cards in the healthcare sector goes back to the late eighties/early nineties, when France and Germany each started national programs on the nationwide introduction of health insurance cards. Since then, other nations, such as Slovenia and Belgium, have also introduced health cards, and various projects have been started all over Europe over the last 10 years or so. The objective of the European Commission's efforts is not the harmonization of the health systems but the achieving more cooperation and more convergence among the health systems and the finding answers to the open questions concerning cross border healthcare according to increasing patient’s mobility in Europe. France has more than 45 million people using smartcards for healthcare and almost all German citizens have and use one of these cards. Defining the Technology When used in healthcare, smart cards contain medical data for the patient they represent. Rather than a paper chart or an electronic health record stored and transported over the Internet, this wallet-sized card contains a computer chip loaded with pertinent medical information. The chip interacts with a computer system to make stored health information available. Smartcards in Healthcare in the United States Rather than actually carrying healthcare information, smartcards in the US have been used for identity authentication. The smartcards could be used to manage billing to various health-insurance companies [...]

5 Reasons Smart Cards are Good for Healthcare

Healthcare organizations worldwide are implementing smart health cards supporting a wide variety of features and applications. Smart health cards can improve the security and privacy of patient information, provide the secure carrier for portable medical records, reduce healthcare fraud, support new processes for portable medical records, provide secure access to emergency medical information, enable compliance with government initiatives and mandates, and provide the platform to implement other applications as needed by the healthcare organization. Here are five ways that smart cards can support healthcare Effective healthcare Identity management. Smart cards have been successfully used across the globe for effective patient identification in healthcare settings. Smart cards have been proven safer than magnetic strip cards because they are harder to duplicate, therefore more secure, and can hold more patient information. Supporting privacy and security requirements mandated by HIPAA. Federal standards are in place for identity verification and data access and security which use smart cards (the FIPS 201 Personal Identity Verification (PIV) standard for Federal employee and contractor identification cards). Providing the secure carrier for portable medical records. Smart card technology can help institutions manage a qualified EHR by integrating information from other external sources. Reducing healthcare fraud. Smart cards combined with biometrics can prevent healthcare fraud by requiring absolute identification at each healthcare encounter and providing a record of each time a patient has checked in for care. These verifications authenticate that the patient was present and received care eliminating the possibility of identity theft coupled with fraudulent billings. Providing secure access to emergency medical information. Smart cards can be programmed to carry medical information which can be vital in emergency situations such as prescriptions, allergies and health conditions. Read more about smart cards and healthcare [...]

States Pilot the Use of Smartcards to Reduce Medicaid Fraud

Medicaid fraud has been a problem for the states for a number of years. As a result, states have been running pilot projects to try different ways to prevent fraudulent claims. Smart cards and magnetic strip cards have been piloted by a number of states over the last few years. Let's take a look at how some states are adopting this smart card technology. Texas – Texas started running pilots over 10 years ago using both smart cards and biometrics (fingerprint). In 2007, the agency that runs Texas’ Medicaid program announced that the state will soon roll out a smart card for Medicaid recipients state wide. State officials have decided not to pursue fingerprint identification after trying it in pilot programs. Louisiana – Louisiana was the first state to use biometrics for a subsidized child care program. This effort went live in August 2010. Georgia – In 2011, the Georgia assembly proposed a bill to pilot smart cards for Medicaid recipients. The original bill proposed the use of biometrics (fingerprints) in concert with the smart card, but the final bill allowed for pilots of cards without biometric identification. The results showed that there was some swapping of cards primarily in emergency rooms. The Georgia chapter of the American Academy of Pediatrics stated that they say very little evidence of swapping in pediatricians offices. Indiana and Oklahoma — These states initially implemented magnetic stripe cards for child care subsidy. After successfully running the project for several years, they are now considering use of biometrics to completely eliminate fraud. North Carolina – In 2010 and 2011 North Carolina piloted smart cards with the following results: After extensive research the work-group has reached the following conclusions: Without federal financial participation [...]

By | 2017-07-29T02:33:46+00:00 Wednesday, April 30, 2014|Categories: Uncategorized|Tags: , , , , , |0 Comments