Dental services represent a $155 billion market that is projected to grow to $254 billion by 2032. Against that backdrop, it’s critical, especially in an inflationary environment, to include financing at the point of treatment to marry patient care with dental services and help ensure...
Financial health is a core component of overall health. The connection between financial stability and health is well established, and providing financial options can have positive ripple effects on various aspects of consumers’ lives. That’s particularly when taking into account the fact that the consumer...
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...
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...
Missed payments. Billings made in error. Bills in collection, resulting in only partial payments or none at all. The Consumer Financial Protection Bureau shared data last week that 15% of complaints made by consumers were about debt collection tied to allegedly unpaid medical bills, which...
The Consumer Financial Protection Bureau (CFPB) has begun a rulemaking process aimed at removing medical bills from Americans’ credit reports. This move is intended to provide financial relief to families dealing with medical crises, prevent debt collectors from pressuring individuals into paying potentially inaccurate bills, and ensure...
Truemed, a firm that aims to help individuals use their tax-free health savings accounts (HSAs) or flexible spending accounts (FSAs) for healthy food, exercise and supplements, publicly launched Monday (Sept. 18). Merchants have already managed $3 billion of gross merchandise volume (GMV) through the platform,...
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...
