CITRUS HEIGHTS, Calif.--(BUSINESS WIRE)--The recent U.S. Government Accountability Office (GAO) report “Potential Uses of Electronically Readable Cards for Medicare Beneficiaries and Providers” found that Centers for Medicare & Medicaid Services (CMS) need electronically readable cards for, “authenticating beneficiary and provider presence at the point of care, electronically exchanging beneficiary medical information, and electronically conveying beneficiary identity and insurance information to providers.” Electronically readable cards have magnetic stripes, bar codes, and/or smart chips that can securely process data. David Batchelor, CEO of LifeMed ID, is a market driver for this change who speaks nationally at industry leading events and demonstrates proven identity use cases, strategies, and standards within association work groups and committees. Associations and events include HiMSS, MGMA, NAHAM, WEDI, SCA, MIFA, Secured Cities, and others.
Current manual patient registration processes are no longer effective and automated identity authentication solutions need to be implemented to ensure patient privacy and safety. The financial industry has also announced new regulations that require all providers to implement point of service (POS) terminals that accept electronically readable smart cards and a variety of payment methods for privacy and security standards by October 15th, 2015. VeriFone (NYSE: PAY) readers are one example of a POS terminal that accepts EMV (smart cards), magstripe, and mobile phones (through Near Field Communication). The combination of accurate patient identification using electronically readable cards or mobile devices, and the ability to accept and process payments simultaneously during registration accelerates revenue cycles for providers and payers. Additionally, accurate patient identification provides correct and up-to-date information for billing. The indisputable problems of fraud, misidentification, duplicate and overlay records, keystroke errors, and disparate systems are leading factors in the recent modifications to current end-user, payer and patient regulations.
The industry is prepared to adopt automated authentication solutions that validate patient identity and link a patient to their correct record to drastically reduce human errors at registration. The GAO previously reported and stated in their recent release, “There are three potential factors that can be used to authenticate an individual’s identity: (1) ‘something they possess,’ such as a card, (2) ‘something they know,’ such as a password or personal identification number (PIN), and (3) ‘something they are,’ such as biometric information, for example, a fingerprint, or a picture ID.”
LifeMed ID is the driving healthcare solution because its technology is ID token agnostic, customizable on-demand, scalable, easily deployed utilizing providers’ current hardware and software vendors, and at no additional installation cost to most providers. David Batchelor founded LifeMed ID to provide an advisory resource and offer compliant, secure LOA 3 authentication solutions to ensure that patient demographic data and records being accessed, shared, and updated is reliable and secure.
Congressmen Ami Bera of California’s 7th Congressional District in the U.S. House of Representatives visited LiveMed ID’s headquarters on May 4th 2015. “As a doctor, I know how important it is to deliver the most accurate and timely care possible for patients. It is equally important, though, to protect patient information, protect against fraud and fight waste within the system,” said Congressman Ami Bera. “In fact, securing Medicare for future generations and protecting against waste, fraud and abuse are some of my top priorities in Congress. That’s why I believe that authenticating patient identity electronically has a key role to play in modernizing our health care system.”
About LifeMed ID
LifeMed ID is the leading U.S. patient identity solution that automates patient validation, record matching, and overall registration workflow to 30 seconds using healthcare providers’ existing POS terminals and software vendors. By eliminating duplicate records and preventing patient misidentification, fraud, keystroke, and billing errors, patient safety, satisfaction, and care outcomes are significantly improved. LifeMed ID accepts multiple patient identity tokens, including government, military or insurance ID cards, smart or magstripe cards, mobile devices (NFC), and state of-the-art biometrics solutions, including pre-existing and deployed biometric solutions, to authenticate patients and collect payment at all points of care. The LifeMed ID solution can be implemented quickly, seamlessly, and with no up-front costs. LifeMed ID holds multiple U.S. patents for its technology using POS terminals and electronic ID cards. For more, visit www.LifeMedID.com.