Electronic medical records present high risk to insurance industry

As per new federal laws, the nation’s medical records will soon be stored electronically. These new electronic records will be a part of the state-run health insurance exchange programs that are designed to help consumers find affordable health care. Insurers participating in these programs will have access to a person’s medical records to help price insurance policies. Going electronic has some major risks, however, and these risks have never been more apparent than they are today. While the advancement of technology has brought many benefits to humanity as a whole,…

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The safety of online storage remains unsure as thousands of insurance documents are left unprotected

As states continue to labor toward health insurance exchanges, there have been concerns raised regarding the safety of medical and insurance documents stored online. These concerns stem from a provision of the Affordable Care Act that has health care and insurance professionals store consumer information electronically to allow quick and easy access. Electronic storage will be a major part of the coming online insurance exchanges, as it will allow doctors to access important medical information when treating patients. The safety of these documents has been questioned as hackers continue to…

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Official goals and challenges of U.S. health care reform – A hope for better care, delivery, and costs – Part I

The reforms to healthcare delivery being made by the Affordable Care Act are making an historic attempt to bring its costs under control by improving the quality and efficacy of the system. According to an official fact sheet, among the key reforms being made in this effort are as follows: Rewards for quality  Hospitals – this includes the first Hospital Value-Based Purchasing Program of its size, which will give funding to more than 3,500 hospitals across the country based on how much they have improved and whether or not they…

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Insurers change of view on electronic medical records

Medical liability insurance firms who were once excited about the benefits of EMRs(Electronic Medical Records) have now changed stance because of the possibility of the rise in claims as people and medical personnel adjust to the technology.  An EMR is a computerized medical record on a local health information system that stores and retrieves patients medication and procedure history. This technology was looked upon as a means of providing better patient safety, as insurance market research firm Conning Research and Consulting published in its study, which prompted medical insurers to…

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