Know Your Patient (KYP)

While both processes are rooted in identity verification, KYP is specific to the healthcare industry. KYC verifies customers for financial services and legal compliance; KYP ensures accurate medical record-keeping, proper insurance billing, and patient safety. The stakes in KYP are often medical rather than financial—but both rely on trust and data integrity.

A key challenge in KYP is the lack of interoperability between healthcare systems, which can make it hard to verify a patient’s identity across providers. Additionally, data privacy regulations like HIPAA impose strict standards for how personal health information (PHI) is stored and shared. Balancing data access with security, while ensuring a smooth patient experience, remains a delicate task for healthcare providers.

A key challenge in KYP is the lack of interoperability between healthcare systems, which can make it hard to verify a patient’s identity across providers. Additionally, data privacy regulations like HIPAA impose strict standards for how personal health information (PHI) is stored and shared. Balancing data access with security, while ensuring a smooth patient experience, remains a delicate task for healthcare providers.