3 Ways to Improve Patient Payments Data Security and Compliance

A rise in health data breaches is causing patient concern and costing healthcare providers. Recent data revealed 95% of patients worry about breaches affecting their medical information. Healthcare data breaches also cost more than any other industry, with an average cost in 2023 reaching $10.9m. Payment technology that puts a premium on data security can help protect sensitive information. This includes tokenization, encryption, and promoting compliance with Payment Card Industry Data Security Standards.