Know Your Patient (KYP)
Know Your Patient (KYP) refers to various processes that a healthcare company uses to verify and reverify a patient’s identity.
KYP verification typically involves the collection of a patient’s name, date of birth, Social Security number, and health insurance information during patient onboarding. This information is then verified via some combination of document verification, database verification, government ID verification, selfie verification, or other methods. The patient’s identity is then reverified through similar means during future interactions.
KYP plays an important role in preventing health insurance fraud, Medicare/Medicaid fraud, and medical identity theft. It’s also instrumental in protecting sensitive patient data and ensuring that your company remains HIPAA compliant.
Frequently asked questions
What is the difference between KYP and KYC?
Know Your Customer, or KYC, refers to the steps that a financial institution must take to verify a customer’s identity in order to comply with anti-money laundering (AML) laws and regulations. KYP is only relevant to the healthcare industry and aims to protect sensitive health data and prevent various types of fraud common in this industry.