The Impact of Medical Identity Theft on Healthcare Providers
Medical identity theft poses a serious threat to healthcare providers, leading to significant business losses, regulatory penalties, and severe reputational damage. Understanding and addressing these risks is crucial for maintaining trust and ensuring the security of patient information.
Since the implementation of Health Insurance Portability and Accountability Act (HIPAA) in 1996, there has been exponential and constant adoption of digital capabilities within the healthcare industry. Such capabilities include maintaining patient information in number of scattered sources, usage of mobile technology to access sensitive information by clinical staff, access to payment-related information by administrative staff, repository of numerous patient health records in custody of lab managers and so on.
Identity and Access Management (IAM) Technology fits the requirements of any healthcare establishment to comply with HIPAA. In addition to various automated mechanisms such as audits, notifications, password self-service, strategically aligning business goals to identity management, access governance and IT security systems have become the need of the hour. Download this report to learn how implementation of HIPAA can help healthcare providers and other peripheral organizations to function efficiently.