The Need for Efficiency and Security in Healthcare
U.S. healthcare is in a phase of continuous growth. In 2015 alone, the U.S. healthcare system spent $3.2 trillion – $10,000 for every person – and government economists predict that national health spending will grow by 5.8% each year on average for the next decade.
Medical practices have the arduous task of maintaining this rapid growth while managing troves of patient data – from personal health records to patient payment information – with the underlying goal of keeping the data safe and secure, since healthcare organizations are a popular target for hackers. In 2015, there were over 250 healthcare data breaches in the U.S., affecting 1 in 3 Americans and resulting in approximately 112 million stolen patient records and damages that reached over $5.6 billion.
As the healthcare market continues to grow, so too will the threat of data breaches. The unprecedented growth and accompanying breach risk has created a demand for new software solutions that can combine practice management technology, which allows offices to efficiently manage their business and their patients, with secure payment processing that keeps patient payment data safe from hackers.
This case study examines the successful implementation of one such integrated practice management and payment system, Curve Hero by Curve Dental, with Bluefin Payment Systems’ integrated and encrypted payment solution, by The Dentist Group, founded by Dr. Josh Berd, DDS.