Billing Errors

A medical billing organization's exposure is not just the potential of a billing error. Organizations that regularly handle such sensitive information as patient records have a particular responsibility to maintain the confidentiality of the data. 
Failure to exercise the appropriate degree of care - whether intentional or not - can lead to a regulatory investigation or lawsuit brought against the medical billing organization for breach of confidentiality. 
How can a Medical Billing and Coders Professional Liability policy respond to a Security Event?
A Security Event is defined a: 

Crisis Management and Public Relations Expense coverage:
A medical billing organization can elect to have their professional liability policy include coverage for expenses to protect the reputation of the insured and for corrective actions to mitigate a security event.
Example expenses:

Without a medical billing and coder's professional liability policy, the medical billing organizations would have to pay for these expenses out of pocket. 
Please note:  Always refer to the medical billing and coder's professional liability insurance policy to determine what coverages are available to you.

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