Although the U.S. healthcare system is lauded for providing the best, most advanced care in the world, when it comes to the payments practices being used with much of that industry, honorable mention might be a more fitting rank. This, despite the fact that consumers...
Payroc, with its new Payroc Health service, aims to advance healthcare payments by integrating practice management with premium payment processing in one platform, a company press release emailed to PYMNTS says. Payroc Health will be outfitted with advanced terminal technology for both card-present and contactless...
With traditional health premiums soaring and annual deductibles that often reach into five-figures, the financial consequences from having an accident can be ruinous — especially for uber-active adrenalin junkies who tend to wipe out a lot. But that is exactly the type of person that...
The friction inherent in the basic operations of many healthcare services — from complex payment processing methods to inconsistent appointment management practices — became more salient against the backdrop of the pandemic. Healthcare providers needed to remove the barriers to swift, timely payments and to...
Dominick Colabella, CEO of Rectangle Health, discusses how 2020 transformed the healthcare payments space, forcing providers to adopt new technology practically overnight. Through its practice management interface and digital payment tools, his firm aims to support healthcare organizations through the pandemic and beyond by offering....
Every aspect of the U.S. healthcare system was hit hard by the COVID-19 pandemic, a reality illustrated by UnitedHealth Group’s latest earnings report published Wednesday (Jan. 20). The company managed to beat Q4 profit expectations despite COVID-19 taking a significant bite out of its business. UnitedHealth...
The healthcare industry continues to be on high alert and many hospitals are operating increasingly close to maximum capacity. Elective procedures typically handled at the hospital have not returned to pre-pandemic levels, and healthcare organizations continue to feel the effects and incur losses from the...
The connected economy has tremendous untapped potential in the healthcare industry. A case in point can be seen in one of the key pain points uncovered by the pandemic: the lack of connectivity that exists between various points of care. When data flow is interrupted,...
Healthcare is top of mind, of course, amid the pandemic. And it’s also a given that a robust healthcare plan would be a drawing card for employers in gaining and retaining employees. Both of these dynamics are in motion as the new year starts to...
