Chapter 1: Debit and Credit Cards Flashcards
What are the preferred method of payment for business today including medical offices?
Debit and credit cards.
What is one way to improve patient collections?
Accepting payments via debit and credit cards.
If the patient pays with a debit card, when are the funds withdrawn form their personal checking account?
Immediately.
What does medical practices should ensure to keep their patients personal information of debit and credit cards?
Take precautions.
What obligation does providers and their staff with patient information?
To safe guard any information within their control that a third-party could use.
What is the first step the Medical Staff should avoid when the patient is making a payment?
Storing sensitive payment information in any form including electronic form.
What does the card date should bewhen the patient is making a payment?
Encrypted immediately upon swipe or tap.
