article thumbnail

How Much Can Technology Improve Healthcare Payments?

PYMNTS

Among the latest hopes for healthcare payments is blockchain. Touted by observers and industry players as one of the top trends that could impact medical billing and data management for 2018, the technology is increasingly being viewed as part of the path to better efficiency in payments.

article thumbnail

The White House Startup That’s Taking On Healthcare Payments

PYMNTS

You can’t break things when you are tinkering with something like the healthcare system that supports 4 percent of the GDP, and serves 57 million Americans. The QPP is an application programming interface (API)-based approach to making it easier for healthcare providers to submit and be paid for Medicare claims. healthcare.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Giving B2B Dental Payments A Digital Treatment

PYMNTS

The Council for Affordable Quality Healthcare (CAQH) reported that just 13 percent of dental plans paid providers’ claims using electronic methods in 2019, whereas 70 percent of medical plans reportedly did the same. The dental industry has lagged behind most of the medical sector when it comes to modernizing.

B2B 102
article thumbnail

Today In B2B: Revolut Debuts New Business Feature; MonetaGo Targets Trade Finance Fraud

PYMNTS

Revolut Business customers using paid plans will receive monthly allowances for free U.K. Procurement Partners , which works on procure-to-pay services for healthcare providers, has received an investment from Serent Capital , according to a press release. The product will feature a 1.3 percent fee for U.K.

B2B 63
article thumbnail

How Telemedicine Is Going To The Dogs (And Cats, Too)

PYMNTS

In terms of mechanics, the TeleVet app integrates with vets’ offices (6,500 practices are using the platform, he said) through web or mobile conduits — fostering communications between pet “parents” and vet offices through text, phone calls or video chats. Looking ahead, TeleVet intends to roll out a subscription model in the near term.

article thumbnail

Digital Health Investments Fall 19 Pct In Q1

PYMNTS

Favorable market conditions have prompted several companies to announce IPO plans,” said CEO Raj Prabhu of Mercom Capital Group. Practice management solutions companies led M&A activity with five transactions, followed by data analytics companies with four transactions.

article thumbnail

For Healthcare Providers, RX For Healthy Payments Processes 

PYMNTS

Healthcare costs may be one of the largest bills consumers shoulder, and the burden is not getting any easier. In an interview with PYMNTS’ Karen Webster, Matt McCammon, general manager of integrated payments at credit card processor, merchant acquirer and bank credit card issuer TSYS , recounted that healthcare is a $4 trillion market.