BC Advantage - 2017 Issue 5

Insurance Column with Fox Point

As we discussed in the previous insurance column, a medical billing organization's exposure is not just the potential of a billing error. Organizations that regularly handle such sensitive information, such as patient records, have a particular responsibility to maintain the confidentiality of the data.Failure to exercise the appropriate degree of care-whether intentional or not-can lead to a regulatory investigation or lawsuit brought against the medical billing organization for breach of confidentiality.   How can a Medical Billing and Coders Professional Liability policy respond to a Regulatory Action? A Regulatory Action can be defined as:  &bull...

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