Healthcare and patient data are being compromised each day as ransomware continues to rear its ugly head. Some hospitals and providers are choosing to pay the ransom to get their systems back to fully operational. Others decide not to pay the ransom and they rebuild the system and re-enter the data that was compromised. In the healthcare setting, providers are more likely to pay the ransom as personal health information has been compromised and costly HIPAA violations are triggered. Sometimes, the hack is so deep into the providers’ system that it takes days to regain access to patient files.
Security researchers have found a steep decline in ransomware in all sectors except healthcare where patient demographics and personal information is at risk. According to Verizon’s Annual Data Breach Investigation Report 70% of all malware attacks in 2019 were ransomware. Along with making sure the providers’ systems are locked down, providers must also thoroughly check the security of any vendor with access to the providers’ system or patient information. While prevention of malware attacks starts with the providers’ infrastructure and employees, security checks of outside vendors and their software should be commonplace for providers.
FairCode meets and exceeds hospital security protocols while combining the domain expertise of experienced physicians with modern data science and analytics technologies to increase hospital revenue. FairCode bridges the gap between a hospital’s attending physicians and hospital coders. The result? Patient acuity and Case Mix Index are more accurately captured with the correct DRG, and hospital reimbursements adjust accordingly. DRG Validation and physician conducted medical chart reviews happen in real time, significantly impacting hospital quality rankings, case mix index (CMI) and bottom-line results. From clinical validation and chart reviews to payor denial defense, FairCode’s physicians and data scientists are part of a hospital’s coding team. Add FairCode to your existing CDI initiatives and see the difference. Outcomes are measurable and significant. FairCode averages greater than 4:1 Gross Return on Investment.