First popularized as a replacement for in-person healthcare visits during the pandemic, telemedicine has since found a more permanent footing for patients. The steady rate of consumers participating in at least monthly telemedicine appointments since January 2022 is noted in proprietary research prepared for the...
A pair of health-focused FinTechs say their new tool drastically reduces processing times for medical payments. Zelis and Rectangle Health announced their solution for healthcare and dental practices Wednesday (July 19), saying it streamlines a number of manual steps in digital payments, such as receiving virtual payments and...
Dental supply provider Torch Dental announced a $28 million Series B round with the goal to digitize the billion-dollar dental supply chain. Bringing its total funding to $40 million, the new investment will help dental practices across the United States streamline and digitize their supply order and...
There are few environments more data-rich than the healthcare landscape. There are also few ecosystems as fragmented and siloed in their processes. That’s what makes the ability of healthcare players to efficiently collect, analyze and leverage patient, clinical, operational and marketplace data a competitive advantage....
CVS Caremark and GoodRx have announced the upcoming launch of a program to help members pay lower out-of-pocket prices on generic medications at the pharmacy counter. The new Caremark Cost Saver program offers automatic access to GoodRx’s prescription pricing for CVS Caremark’s eligible members, while continuing CVS Caremark’s drug...
COVID-19’s impact on the medical industry cannot be overstated. High stress and rampant mortality during the pandemic’s peak drove widespread professional turnover and supply chain issues ripped a hole in the sector’s procurement processes. Some facilities still haven’t caught up — but the bills have nevertheless...
Medical debt and payments plans are increasingly scrutinized by the Consumer Financial Protection Bureau, the White House and regulators. But the data shows that consumers want those options when it comes time to ensure they get the care they need. To that end, the CFPB...
Direct-to-consumer (D2C) platforms emerged as an early winner of the business landscape’s digitization. From consumer goods to healthcare, D2C platforms and their transformative go-to-market strategies caught fire, disrupting traditional silos and sales channels by activating new technologies and leveraging digital solutions to better democratize access...
Consumers who use payment plans to cover their out-of-pocket healthcare costs are more than twice as likely as the overall population to be faced with unexpected bills. This finding from PYMNTS’ study “Managing Healthcare Costs: How Patients Use Payment Plans” suggests that these surprise costs...