Offshore billing, while cost effective, can increase a company’s risk of a data breach.
Why does the healthcare industry lean towards using third-party offshore companies for billing operations? It boils down to complexity and cost. Outsourcing billing services may make financial sense, but hospitals and medical practices need to understand the risk landscape of this still-emerging industry. Tim Williams, Vice Chairman of Pinkerton, recently penned an article for Medical Economics describing what questions should be asked to make sure that international partners have the right security practices and protocols in place to protect sensitive information.
- Know where you are vulnerable
- Do you research
- Anonymity and complexity
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