Standard Register Takes Aim at Medical Identity Theft with Patient Identity Authentication Solution
23 Août 2012 - 7:59PM
Business Wire
Recognized for its expertise in managing critical communications
for healthcare, Standard Register (NYSE:SR) has introduced a new
solution that assures the accuracy of one of the most critical data
points in medical records – the patient’s identity. A vital
component in Standard Register Healthcare’s suite of patient access
solutions, the Identity Authentication Solution offers healthcare
providers an efficient, reliable way to validate patient identities
and verify addresses as they are admitted for care.
Medical identity theft is one of the fastest growing types of
fraud in healthcare. It’s expected that 1.85 million people in the
U.S. this year, up from 1.49 million a year ago, will become
victims according to a 2012 study by the Ponemon Institute. The
study estimates medical identity theft costs the U.S. economy $41.3
billion annually.
“Medical identity theft hurts everyone,” says Sonya Lemmerbrock,
who manages Hospital Workflow Solutions for Standard Register
Healthcare. “Victims are hurt financially and their medical records
are compromised. Providers are left with unhappy patients, bad debt
and soiled reputations. And fraudsters, themselves, are at serious
medical risk when they assume the identity of a victim with
specific medical problems. Therefore, we’ve configured a simple
solution aimed at authenticating a patient’s identity and reducing
the associated problems it creates,” she said.
Medical identity theft takes many forms. Standard Register
Healthcare’s Identity Authentication Solution targets the fraudster
who assumes another person’s identity to secure medical care. The
Web-based application enables the hospital registrar to conduct a
real-time search of public and proprietary databases to compare and
verify whether the personal information provided on the patient’s
driver’s license or other government-issued ID is accurate or not.
Within seconds, a report is generated, allowing the registrar to
note any discrepancies and take appropriate action.
According to Lemmerbrock, the application also has a substantial
impact on efficiency. By automatically verifying patient
demographic data and auto-populating that data to the hospital’s
health information system improves data accuracy and downstream
processes, thereby reducing administrative costs, payer denials and
bad debt write-offs.
The Identity Authentication Solution complements Standard
Register Healthcare’s suite of patient access solutions which
leverages SMARTworks® Clinical Enterprise to capture patient
signatures, photos, insurance information and medication history in
addition to managing electronic feeds and paper outputs to support
patient identification and clinical workflows.
Standard Register Healthcare will be hosting a webinar,
“Creating a Foundation to Improve Cash Flow,” that focuses on the
new solution on September 20 at 2:00 pm EDT. Those wanting to
attend the 45-minute online session can register now.
About Standard Register
Standard Register (NYSE: SR) is trusted by the world's leading
companies to advance their reputations by aligning their
communications with corporate standards and priorities. Standard
Register Healthcare is a business unit of Standard Register,
serving more than 3,100 clients from across the healthcare delivery
network, including acute, ambulatory, and long-term care, managed
care and the suppliers that support them. A recognized leader in
managing critical information and communications, SR Healthcare,
together with Dialog Medical, a subsidiary of Standard Register,
provides industry-leading technology, solutions and services to
accelerate performance, attract and educate patients, enhance
patient safety, and improve the quality of care. More information
is available at the Standard Register Healthcare website.
Spire (NYSE:SR)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Spire (NYSE:SR)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024