During a disaster situation, there are a number of payments considerations for which to account: paying suppliers, receiving customer payments, stabilizing cash flow, etc. Disaster Recovery Planning for PaymentsĪn effective disaster recovery plan will include accommodations for payments, including contingency payments solutions. This is a huge benefit to smaller institutions that may struggle to find the employee bandwidth to manage compliance standards across the board. Obviously, there are compliance considerations in play for both medical and payments data.įor those leveraging cloud solutions, many providers are constantly updating the cloud environment to ensure PCI and HIPAA compliance as well as to meet auditing and industry standards. This should include documentation on which medical data needs to be backed up, how frequently data should be backed up, and how the data should be stored. Data Backup Planĭata backup is a critical consideration for disaster recovery planning. Healthcare organizations must ensure that data backup and disaster recovery solutions account for these requirements and provide adequate protection and encryption to ensure the privacy of patient medical data. Violation of HIPAA mandates can result in financial and other federal penalties. Title II of the Health Insurance Portability and Accountability Act (HIPAA) of 1996 requires organizations to ensure that all medical information management maintains patient privacy. Here are the things to consider when creating a disaster recovery plan. Alternatively, a lack of a disaster recovery plan can cause significant delay or even failure within healthcare systems. With a disaster recovery plan, these organizations can continue to function with minimal downtime by restoring medical data. There are a number of scenarios in which a healthcare organization may experience data loss or data corruption. This has been propelled by the Medicare and Medicaid Incentive Programs (now called the Promoting Interoperability Programs) by the Centers for Medicare and Medicaid Services in 2011, which incentivizes eligible health facilities with federal payments for the adoption of electronic health systems. More and more healthcare organizations are relying on electronic medical records (EMRs) as opposed to paper documentation. Given the uptick in electronically stored data, disaster recovery planning has become imperative. PCI Compliance + Payment Security Protect data and complete SAQs knowing your payments systems are PCI compliant.Training, Support + Maintenance Access payments expertise, systems support, and PCI compliance help with our dedicated team.System Implementation + Integrations Put in place more effective systems and integrate seamlessly with our unique solutions. Custom Payments Strategy Devise a custom payments strategy that addresses your short- and long-term goals.Payments Assessments & Solutions Discovery Get the full picture of every payment system with an exhaustive current state analysis.Gain access and visibility into all the data at your fingertips. Merchant Service Support & PCI Compliance Prevent data breaches and complete audits with ease. Custom Dashboard Gain control of treasury, finance and accounting with your own custom payments processing dashboard.Reporting + Reconciliation Get campus-wide visibility into payment system transactions and integrate reconciliation for financial accountability.Credit Card Processing Improve your credit card systems to streamline payment processing, improving the cardholder experience.Online Payments Accept payments in the most flexible, convenient way by leveraging your online systems.Device Installation Use your chosen software and integrated devices to create a seamless experience across campus.Point-To-Point Encryption (P2PE) Prevent data breaches with PCI Validated P2PE and reduce PCI compliance scope and costs.Payment Processing Solutions Get a custom solution that fills the gaps - from athletic ticketing to the cafeteria and alumni development.Use our higher ed payment solutions to gain visibility into your payment systems, helping you save time, increase revenue, and meet PCI compliance standards.
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