TrustCommerce will be exhibiting at the Summer 2016 GE Healthcare Western Region Users Group (WRUG) Conference, August 11-12th in San Diego. This year marks the WRUG’s 25th Anniversary and we look forward to helping celebrate. WRUG focuses on collaborating and sharing ideas with one another around the implementation, education, configuration, and utilization of GE EHR…
TrustCommerce will be attending the upcoming GE Centricity Live Conference, April 29-May 2, 2015 in Orlando.
Centricity LIVE 2015 is GE Healthcare’s premier IT education conference, offering thought leadership, best practice sharing, interactive demos, Continuing Education Credits (CEUs), and unique opportunities to interact with colleagues.
The TrustCommerce team is heading to Healthcare Financial Management Association’s 2014 National Institute (HFMA ANI), June 22-25, 2014 in Las Vegas. With more than 80 sessions, 400 exhibitors, and 5,000 attendees, it is the industry’s premier annual conference for healthcare finance professionals. We are excited to meet up with our clients, partners, and healthcare finance…
Healthcare organizations must be aware of vulnerabilities when accepting electronic payments and be proactive about protecting against them. Whether it is an individual employee who steals a patient’s payment card information or a large-scale cyber-attack, compromised data is costly. According to Ponemon Institute’s 2013 Global Cost of a Data Breach, Healthcare experiences the most costly data breaches at $233 per lost record; pharmaceuticals rank third at $207. Couple that with damage to brand and reputation and it is easy to see how difficult it can be to recover from a breach.
With patients bearing more of the responsibility for healthcare payments, healthcare organizations are looking for ways to make it easier for patients to pay, thereby improving collections and decreasing the time and resources it takes to collect payments.
Healthcare payments landscape
More than $2.7 trillion of healthcare payments are made in the U.S. annually, which represents one sixth of the U.S. gross domestic product (GDP). Direct patient-to-provider payments represent $326 billion.1 According to a McKinsey & Co. report, about 35 percent of a provider’s total revenue will come from patients.