eSignature solutions for healthcare firms are gaining popularity all over the world. In today’s world, many businesses started to use eSignature software. These solutions are supported by the eIDAS (Electronic IDentification, Authentication, and trust Services), UETA (Uniform Electronic Transactions Act), and ESIGN Act (the U.S. Electronic Signatures in Global and National Commerce Act of 2000). The availability of eSignature solutions has changed the way the healthcare industry works.
The healthcare sector is no longer deprived of the benefits of this affordable technique. Healthcare industries worldwide are adapting eSignatures due to their benefits. It has made a lot of things faster, simpler, and more convenient.
An eSignature software is a vital tool for healthcare industries. It helps in processing, sharing, and managing tons of documents that consist of daily confidential and personal records, and it has also enhanced the safety of records.
Let’s look at some advantages eSignature solutions can offer to healthcare firms.
Benefits for the industry in going paperless
Here are the benefits for the healthcare industry in reducing the usage of paper in streamlining the work process.
Easy verification and Tracking
eSignature software helps to verify and track signatures that are carried out automatically; it helps to prevent fraudulent activities. Signeasy eSignature software is highly reliable as it features high-end safety protocols to ensure the signing stages are authentic.
Healthcare firms can also reap the benefits of audit trails. It allows all parties to track the eSignature procedures and the progress in real-time. It will enable for assessing discrepancies quickly and avoiding potential delays and risks.
Eliminate unnecessary expenditure
One of the major benefits of eSignatures in healthcare industries is that it can eliminate additional expenses an organization incurs daily.
Healthcare firms will no longer have to buy goods like ink and papers, or spend on printing documents, restocking postage stamps, or faxing them. A reduction in costs can increase profits down the line drastically.
Improve document accuracy
A contract or agreement is considered valid when it’s accurate and signed by a relevant body. People who must sign the documents shouldn’t miss out on relevant fields, fill in error information, or sign at the wrong place.
These manual errors are more likely to occur when documents are signed using conventional methods. eSignature software is designed for government agencies or similar sectors to help to eliminate these errors.
A digital document consists of several smart fields. eSignature software will remind the consumer if they miss out on any field. In case of any omission, a reminder or alert will pop up every time. The person will be notified if the information entered in the fields doesn’t match the requirements.
Offer a positive consumer or patient experience
An eSignature software can accelerate and enhance the overall signing procedure. As a signatory, all users must do is sign those documents. Users won’t have to worry about doing other tasks like endorsing it to a third party through post or printing it out.
These signatures are extremely secured and carried out remotely with the help of digital devices with a stable internet connection.
Document Protection and Data Encryption
eSignatures are supported by Acts such as ESIGN and UETA. Most importantly, eSignatures help signatories operate in secured environments.
A person can sign or transfer the document and rest assured by the software that the data is protected and encrypted. Digital solutions operate with the help of encrypted technologies to link signatures to certain documents, and it helps to keep an eye on the signatory’s activities.
eSignatures comply with the standards of the HIPAA Act
The HIPAA Act (Health Insurance Portability and Accountability Act) governs health insurance policies, clearinghouses, healthcare practitioners, all data related to health care stored in electronic format, and so on.
Healthcare professionals who rely on eSignatures that comply with HIPAA guidelines should implement software capable of verifying the identities of people involved in the transactions. It helps to ensure the eSignatures or data are free from fraudulent practices.
Use of eSignatures within the healthcare industry
Some of the core uses of electronic signatures in the healthcare industry are as follows:
- Medical reports
- Patient consent document
- Payment of medical bills
- Medicinal prescriptions
- Management of medical contracts
- Enables group purchases
- Distribution and purchase purposes
Apart from these uses, an electronic signature is used to handle other important tasks such as:
- Processing payments quickly
- Handling medical records as well as relevant paperwork
- Streamlines patient admission
- Accelerates credentialing procedures
- Security and privacy
- Ensuring the signatures used in the healthcare industry are authentic and secured
Users have to meet some of the below-mentioned authentication procedures:
- Shared confidential questions
- Knowledge-based authentication or KBA
- Email verification
Healthcare industries form a major part of the economies, as they are required to bear the responsibility of taking care of the well-being of people all over the world. eSignature services can save time and effort involved in these industries.