Healthcare is a complex field, but that doesn’t mean healthcare payments can’t be simple. Of course, due to intricate billing processes with various codes, regulations, compliance requirements and more, healthcare payments — particularly B2B ones — remain a sea of inefficiency and complications. Addressing these...
Trying to get rid of the middleman seems to be a universal business pastime. Companies spend billions trying to “go direct” to gather first-party data, exert more control over the customer experience and cut out the middleman fees. Investors pour tens of billions into startups...
Mastercard is launching a medical claim payment solution with key partners in India. The firm is collaborating with one of the country’s leading financial institutions and Remedinet, a cloud-based HealthTech platform, Mastercard said in a Thursday (Jan. 18) press release emailed to PYMNTS. This solution will use...
Tennessee-based Tower Community Bank has partnered with FintechOS to launch a point-of-sale (POS) lending platform. The new Momentum by Tower embedded lending solution enables local businesses to provide financing options direct to their customers, the companies said in a Wednesday (Jan. 17) press release. Designed for Tennessee’s medical community, Momentum...
Drugstore chain Walgreens is making strides in expanding its healthcare business, according to Walgreens Boots Alliance CEO Tim Wentworth. Wentworth highlighted the company’s efforts to transform itself into a large healthcare company by using its stores and brand, in an interview with CNBC’s Jim Cramer,...
Weave, a platform for small and medium-sized healthcare businesses, has announced the integration of ACH debit payments into its product suite. This new addition allows patients to pay their co-pays or bills directly from their bank accounts, providing a more convenient and secure payment...
The healthcare landscape is undergoing a digital transformation, witnessing a surge in consumer adoption of centralized online healthcare portals for managing a spectrum of medical services and benefits in one place. These multifaceted platforms serve as centralized hubs, facilitating payment processing, overseeing prescriptions and pharmacy...
Healthcare’s digital transformation took center stage during day one of J.P. Morgan’s annual healthcare conference. For the 42nd year in a row, J.P. Morgan has drawn around 10,000 attendees to its pivotal healthcare industry event in San Francisco, bringing together key players, innovators and investors to...
CVS Health is warning that its fourth-quarter medical costs may be higher than anticipated. The pharmacy and health insurance company’s finance chief said at a conference Monday (Jan. 8) that CVS’ medical expenses as a proportion of premiums could exceed the company’s goal for the...