Did you know that healthcare data breaches cost US industries $6.2 billion per year? With such a high cost, it’s more critical than ever to ensure that your holistic practice is taking the best steps possible to avoid a breach and safeguard your patients’ information.
One critical method for ensuring the privacy and safety of your patient's sensitive information is to maintain compliance with the HITECH Act, which streamlines operations and keeps your holistic practice secure.
The Health Information Technology for Economic and Clinical Health Act (HITECH Act) was signed into law as part of the American Recovery and Reinvestment Act (ARRA) in 2009 with the purpose of encouraging adoption and “meaningful use” of technology in healthcare environments. A core component of this Act’s intention is to promote the use of electronic health record systems, which improves quality, communication, and protection for the patient’s sensitive information.
In this context, “meaningful use” is critical for this Act. The federal government wasn’t just trying to get more computers and electronic devices in healthcare offices for no reason—it was to encourage the adoption of technology with the purpose of leveraging these resources to achieve five goals:
These five goals are cornerstones of healthcare legislation like the HITECH Act, which promises to streamline operations and protect sensitive patient information.
HITECH compliance isn’t the same as HIPAA compliance; the two are separate laws that complement each other well and work towards the same goal of protecting patient information but compliance with both Acts is important for your holistic practice.
Maintaining compliance with HITECH ensures that your holistic practice is able to access appropriate patient records, share patient information with pertinent parties as needed to improve collaborative care and that your holistic practice is taking steps to protect against cybersecurity threats to sensitive patient information.
Utilizing an electronic health records system and other relevant types of healthcare technology promotes what is called “data interoperability”, which essentially means that communication is effectively and securely shared, stored, and managed.
The benefits of data interoperability include:
Let’s review a few essential things to know when it comes to HITECH compliance and your holistic practice:
HITECH compliance starts with a few foundational steps and principles under which to operate in your holistic practice:
The HITECH Act is comprised of six components:
Each one of these components plays a vital role in HITECH legislation and its importance to the progression of patient protection.
When you’re so entrenched in the medical billing and coding process, facing claim rejections due to inaccuracies, and constantly trying to stay up to date on insurance or Medicare regulations, it can be too much to try and stay current on important legislation that impacts your holistic practice and your patients.
Partnering with a medical billing firm can tremendously help streamline your holistic practice by confidently and competently handling this important component of your holistic practice’s revenue cycle! Consider outsourcing this part of your practice’s operations so that you and your team can address other vital parts of your practice.
Holistic Billing Services has decades of experience and expertise in your holistic practice’s specialty. We’re eager to help you streamline your operations and boost your revenue cycle while you deliver great care to your patients.