While the COVID-19 pandemic has brought a lot of challenges for the healthcare industry, it has also become a driving force for the fastest digital transformation of healthcare. Through customization and adoption of technologies, hospitals and other medical centers can deploy AI to fight challenges such as increasing supply chains, vaccine trials, and streamlining distribution channels. Moreover, as healthcare frauds are skyrocketing, data privacy, regulations, Know Your Business, and automated ID verification are becoming crucial for identifying patients.
Compliance professionals develop regulations to protect customers’ from criminals, deliver a secure working environment for the ones working in the healthcare sector, and welfare provided by healthcare programs. Laws for identifying patients are necessary for both reasons, protecting the patients’ data and ensuring that businesses stay compliant with the government’s standards.
AI and Coronavirus – Evolving Situation for Healthcare
Artificial intelligence is evolving the world for the better for sure. Businesses now try to use smart tools and automated technologies for their work operations. Then the pandemic hit globally and disrupted the order of the world. No doubt COVID-19 is a curse to the world however, there were certain benefits of the pandemic as well and the spread of technology-powered tools is one of them. AI became the innovative drive for healthcare as this technology has the power to bring the sector from the condition of destruction. Fintech companies and SaaS providers began to work together to resolve the issues in this business. Advanced technologies are being deployed to design the best options for identifying patients, vaccine development, IoMT (Internet of Medical Things), and to create solutions to secure the industry from imposters.
Research analysts, however, while exposing the effect of a pandemic on healthcare, said that IoMT, kyb checks, and AI will also be a great help in future pandemics as well. Pandemic has taken millions of lives in just a short span of time, however, with the development of a whole new wave of technologies it would not be wrong to say that it will save lives in the future. The new normals like social distancing, WFH (work from home) have been made convenient for businesses to handle because of smart gadgets.
From the first stage of coronavirus to this day, artificial intelligence has been the best means to tackle the most challenging situations that COVID brought with it. The healthcare industry is employing a lot of AI-driven services to treat, record, increase supply chains, and also for monetary management aims and undergo identifying patients measures.
Regulatory Laws for the Healthcare Sector
Know your patient measures are the same as they are for know your customers designed for the corporate sector. Also, after patient age verification protocols, hospitals make sure that the prescribed drugs are delivered to genuine patients. ID verification protocols to verify patients’ identities assist medical institutions to avoid all the fuss that can be created without following the designed regulations.
The healthcare industry is already prone to fraud, there is no doubt about it, however, the pandemic has further pushed the situation into worse conditions. The healthcare industry is very huge, it involves multiple departments and a big number of people attached to it. Therefore, regulatory bodies work with healthcare professionals to come up with laws that would help to curb fraudulent activities in the healthcare industry.
Healthcare Information Technology for Economic and Clinic Health Act
The act was designed to make sure that the patients’ data security and privacy remain intact. Besides this, this act also enforces HIPPA (Health Insurance Portability and Accountability).
Emergency Medical Treatment and Labor Act
Under this act, American citizens can acquire emergency health services irrespective of the patients’ ability to pay for insurance coverage. This act enforces the hospitals and medical help providers to ensure delivering medical services and first aid treatment to patients in need after identifying patients.
Centers for Medicare and Medicaid Services
Implementing this program needs to incorporate regulations that medicare companies need to follow to ensure “identifying patients” protocols. It also involves electronic health records that set criteria for electronic health records.
As huge as the healthcare sector is, it is sensitive to fraudulent activities. After identifying patients, hospitals can not only secure their patients’ data but they can also avoid fraudulent activities. Following identity verification protocols, the paramedical staff can also ensure that the prescribed medicines are delivered to genuine patients, and that way they can save themselves from reputational damage.