Healthcare is perhaps the most regulated industry on the planet. Hospitals, clinics, and private practices must always follow strict state and federally mandated standards. From employees to software, anyone or thing with access to medical records must ensure HIPAA is followed. The fact that policies are updated continuously makes it even more challenging to stay in compliance. Typically speaking, new and updated regulations must be implemented shortly after announced. The importance of the task certainly does not leave any room for error.
The Problems of a Paper-Based System
Principals, managers, and staff must get it right the first time. They must also repeat the process every time a new regulation is put into place. This creates constant stress. It is necessary to significantly reduce delays that are caused by missing or unreadable documents. The workflow process must go full speed ahead. The use of paper only slows things down even further. That is the exact reason why the healthcare industry has abandoned paper and adopted an electronic-based platform.
The Use of Advanced Electronic Technology to Sign Documents
Since the beginning of time, people carved their names into rocks. For thousands of years, we have been signing paper documents with ink. Thanks to e-signature solutions, society can now incorporate the use of advanced electronic technology to sign documents. This eliminates the need to sign paper with ink. E-signature technology has been available since the federal government passed the E-Sign Act in 2000.
It enables a person to express their agreement to the terms of a particular document by clicking or checking off a consent box located on the form. E-signature solutions do far more than help the healthcare industry stay in compliance – they reduce overall expenses and overhead. For example, purchasing and maintaining printers is costly. Ink cartridges and paper purchases add up as well. Eliminating this equipment and consumables is good for the bottom line.
E-signature Benefits – For Patients & Organizations
The principal is a basic one. When overhead decreases, the profit margin increases. E-signature solutions significantly improve overall patient satisfaction as well. People do not enjoy signing a pile of paperwork while sitting in the waiting room. They are typically feeling ill or are nervous about the upcoming examination results. The e-signature process eliminates the need for multiple signatures. It is fast, easy, and efficient. When patients are happier, it makes things better for everyone involved.
Say goodbye to annoying clipboards. Recently enacted laws have made e-signatures just as binding as paper documents signed by pen. E-signature solutions incorporate strict security measures strengthening the integrity of the signed copies. Last but certainly not least, e-signatures are HIPAA compliant. It guarantees that your organization is following the strict rules that federal and local agencies set.
E-Signature Solutions from Payment Savvy
Payment Savvy is an expert at providing the healthcare industry with e-signature software solutions that prevent digital tampering and authenticates all parties’ identities. Please contact Payment Savvy today to review your options, obtain answers to your questions, and start the e-signature solutions process. We look forward to hearing from you and working with your company.
If you have enjoyed reading this article and found it informative, please share it with all of your contacts on social media. Payment Savvy greatly appreciates your efforts in this manner. Please stay tuned for more exciting articles in the days ahead.