In an era where convenience is king, the healthcare sector remains shackled by outdated payment processes that jeopardize its financial stability. Despite the promise of digital solutions to enhance efficiency and patient experiences, the industry has been slow to adopt these innovations. A PYMNTS Intelligence Report,...
For Sam Shames, co-founder and COO of Embr Labs, a degree of renown has followed the Boston-based technology startup since it launched in 2017 with the Embr Wave, a wrist-worn device designed to provide comfort through thermal energy. Unlike traditional watches, the Wave uses algorithms...
The healthcare industry faces significant challenges with outdated payment and claims systems, which undermine financial stability and patient satisfaction. Despite the potential benefits of digital payments, the sector has been slow to adopt these innovations due to traditional practices and obstacles. A PYMNTS Intelligence report,...
As the telehealth sector is projected to reach $450 billion by 2032, Cigna Healthcare recently launched an “E-Treatment” option via MDLIVE, offering customers access to urgent care from board-certified doctors without the need for direct phone or video consultations. Starting this month, patients can submit...
The U.S. Food and Drug Administration (FDA) has approved the Hearing Aid Feature (HAF), an over-the-counter (OTC) software that turns Apple AirPods Pro into a hearing aid for those with mild to moderate hearing loss. The HAF is the first FDA-authorized over-the-counter hearing aid software....
As important as the healthcare system is, it remains far from perfect. Fragmentation and opacity play a large part in that imperfection. The traditional healthcare journey can often be complex, with multiple touchpoints from primary care to specialists and pharmacies, and that’s before even touching...
Healthcare technology company Zelis debuted an out-of-network payments solution. Health Bill Assist lets payers support plan members with out-of-network health bills at no cost to members, according to a Monday (Sept. 9) press release. “Out-of-network billing is not only confusing and frustrating for members, but...
Call it the $4 billion year-end problem, plaguing consumers and the healthcare industry like clockwork. That’s the amount of money that disappears from flexible spending accounts (FSAs) every year as the “use it or lose it” feature of FSAs kicks in. There’s a rush as...
New Mountain Capital is reportedly combining three HealthTech firms in a $3 billion deal. The merger is designed to employ artificial intelligence (AI) to help improve payments from health plans to providers, Bloomberg reported Thursday (Sept. 5). According to the report, the deal will bring...
