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Today In Payments: Jobless Americans Can’t Afford Doctor Visits; Powell Says US Faces Long-Term Economic Damage

PYMNTS

banks took a profit hit of 69.6 While many patients are avoiding office visits for fear they could catch COVID-19, doctors say the primary reason jobless Americans are staying away from healthcare providers is because they can’t afford to seek medical care. US Banks See Chargebacks Soar, Profits Tank Due To Pandemic.

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10 Sunday Reads

Barry Ritholtz

ProPublica ) • 1 in 5 Young Chinese Is Jobless, and Millions More Are About to Graduate : The youth unemployment rate, which spiked during the pandemic, reached a record high this week, showing the perils of China’s uneven economic recovery. ( ” ( Healthcare Dive ) see also Health Insurance Claim Denied? billion including debt.

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SBA: EIDL Emergency Grant Program Runs Out Of Money

PYMNTS

Small Business Administration (SBA) announced in a press release the end of the Economic Injury Disaster Loan (EIDL) Advance program. The EIDL was crafted to provide economic relief from $1,000 to $10,000 to businesses and nonprofits that experienced a temporary loss of revenue during the pandemic.

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Keeping Hospital Billing Systems Healthy In A Pandemic

PYMNTS

On a good day, healthcare providers do a difficult job. And the front lines aren’t the only areas of the provider system stepping up above and beyond the call of duty these days, Flywire Executive Vice President and General Manager of Healthcare John Talaga told Karen Webster in a recent conversation. Rewriting Revenue Collection.

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Bold moves in global M&A might appear in 2023

Future CFO

While M&A value dropped dramatically in 2022, a loss of 36% in deal value, Bain’s report confirms that deal activity continues to be a central corporate strategy for growth and profitability. The largest drops came among deals for Technology and Healthcare & Life Sciences assets, the firm pointed out.

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Overcoming the global slowdown with a super app strategy

Future CFO

billion from $675 million a year earlier, narrowing the company's loss by 51% to $1.74 The plan is to offer financial services to micro, small, and medium-sized businesses and other economically underserved demographics such as gig economy workers. In 2022, total revenue grew 112% to $1.43 billion from $3.56 billion in 2021.

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Bank Of Finland Predicts Pandemic Will Trigger Major Recession

PYMNTS

Job losses have already affected over 13,000 people, and some 375,000 will be laid off in the coming days. In this scenario, economic recovery is expected to move fast; the expansion rate in 2021 could be 6.9 In this scenario, economic recovery is expected to move fast; the expansion rate in 2021 could be 6.9 percent in 2021.

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