Know Your Patient (KYP) Service for Patient Identification – Next Big Trend in the Healthcare Sector
Know Your Patient (KYP) service for Patient Identification and recognition is a must as the second wave of coronavirus is rising, and it will be at its peak, at least during the first quarter of 2021.
The emphasis on “lockdown” and “reasonable distances” will be stronger than ever during the second wave of coronavirus, as the world has now learned in dealing with the virus to some degree. There will unquestionably increase demand for online prescriptions, more commonly recognized in the medical sector as e-health services. Unfortunately, cybercriminals would want and manipulate the situation for themselves if e-health facilities were imminent in a “Corona fear” setting.
In terms of the need for and the risk factors that arise from e-health facilities, the Know Your Patient (KYP) service for Patient Identification and recognition now seems more than ever to be unavoidable. The fight against coronavirus would make it easier for every country to recognize patients before offering e-health services. Since, for now, no nation can afford to hold public hearings like the pre-corona.
Significance of Know Your Patient (KYP)
For an individual industrial application, KYP is another name of Know Your Customer (KYC). Hospitals are helped to minimize the risk of medical identity robbery and abuse of details by the patient. KYP scanning is the easiest way of maintaining a transparent cloud partnership between the patient and the doctor. It means that the patient has correct signs and does not cheat in receiving prescription medications.
The Know Your Patient (KYP) screening continues with incorporating the website/web-portal or application of your hospital or pharmacy with an identity screening and age verification solution. The patient identification card validates him after the integration procedure is finished.
The demand for similarly qualified solutions for recognition is where the health care and fraud market is changing. Screening solutions can be achieved with the aid of a digital patient identification.
Preventing Medical Identity Theft
According to one United States report, there were over 300 health/medical violations, with 171 million possible personal health records being disclosed in 2017.
In contrast, the total cost for a perpetrator is $55, whereas routine identity robberies also make headlines.
Compare the total expense for patient identity fraud to an average of $13,500, and the extent of the misdeed becomes evident.
Victims face possible insurance loss, credit history harm, and even felony prosecution for prescribed medicines practices.
The cost of proper healthcare, mainly when not covered by insurance, can be sky-high.
This cost generates a considerable motivation for thieving medical identities: unlawfully entering, using, and receiving medical care, facilities, and products from patients’ details.
Patient verification is an integral aspect of healthcare that can help accomplish priorities such as fighting against bribery and improved healthcare. You will help fight theft in medical identification and comply with the KYC/AML compliance by learning your patient checking. Knows Your Patient (KYP) service for Patient Identification is an excellent way to tackle fraud by testing patients in seconds.
How Know Your Patient (KYP) works?
Hospitals are a location where a swift identity screening system means that minimum time is wasted on authentication, and the patient enjoys the right to care.
This improvement in patient onboarding is called for by the spike in medical identity fraud.
Let’s see how the Know Your Patient (KYP) service works:
- The patient displays his phone’s camera or a webcam of his face with an identifying card.
- The AI-based device identifies and receives the identification document information and fits the patient’s information at admission. The identity scanning solution also tests the default ID record and guarantees that false ID records are not used for authentication purposes.
- Durability recognition and 3D depth perception for facial identification is used for biometric authentication.
- Age checks can also be done by the date of the birth check.
- The patient’s verification results will be seen and updated in seconds in the back room.
Patient Experience and Know Your Patient (KYP) Service for Patient Identification
In the future, it would be more challenging to develop requirements for pharmacy services and pharmacies. The lockdown process of COVID-19 would underline online companies’ value primarily in the time of such crises.
Healthcare sectors take effective privacy measures to improve the patient’s experience. Health care providers and insurers have to keep up with customers’ demands that connectivity can lead to an immediate and convenient purchase to be competitive and relevant. However, fraud detection and cost management remain a significant industrial problem in a seamless world.
Moreover, many mobiles and web applications are developed by the health sectors. This step is adopted to keep track of the previous health record of the customer. The patient does not have to be present physically in the hospital for authentication services as everything is prone to digitization. Everything is efficient and accurate because of the association of Know Your Patient (KYP) service for patient identification.
The online pharmacy will ask the patient to search their ID online before obtaining their application. The Know Your Patient (KYP) method allows society as a whole for patient identification. Patient records of health remain personal and online medications for minors are not permitted to be purchased. However, it is helpful to healthcare companies and consumers to know the patient procedure user friendly.
These are some tips for caring for and safeguarding emotional health and well-being.
- We had to change our regular habits as a result of the latest pandemic. This condition provides thoughts, emotions, and tools for us.
- Self-care allows people to sleep better and care about their surroundings. The maintenance of mental hygiene, good behaviors, and learning would offer opportunities to improve us.
- Create your daily routine and work with various types of activities. Creating a daily routine and regular meetings are two aspects of emotionally healthy and controlled nerves that help people stay stronger.
Try to find a balance between various activity types, such as
- Responsibilities (teleworking, taking care of the house or others),
- Homeopathy (personal hygiene, food, rest),
- Exercise, and
While it is essential to be aware of the pandemic and authorities’ advice, undue data exposure will cause fear and discomfort. Bear in mind also that there will be many rumors and false facts, especially on social networks, which seem to cause more fear and uncertainty. Recall that children are susceptible to what they hear or watch on TV or radio.
Must Read: E-Hospitals – Experience To Digital World