Virtual Payments: The Cure For What Ails Healthcare Providers
According to some studies, about 30 percent of all healthcare costs in America are administrative in nature. How can those costs be reduced? According to Melissa Smith, president of the Americas, and Jim Pratt, vice president of corporate payment solutions at WEX, virtual payment solutions are key. PYMNTS.com spoke with Smith and Pratt about how virtual solutions can help to eliminate the check, provide payroll to the underbanked and help the healthcare industry save on administrative costs.