PYMNTS.com August 30, 2024
The healthcare sector, often burdened by slow and cumbersome payment processes, is undergoing a transformation aimed at alleviating financial strains. With a high volume of transactions and intricate billing systems, delays in payments have become a pressing issue, impacting cash flow and operational efficiency.
A PYMNTS Intelligence report, “Critical Care: Healing Healthcare With Real-Time Payments,” in collaboration with The Clearing House, examines the advent of real-time payments that offers a way to streamline financial transactions and enhance overall industry performance.
Delayed Payments Disrupt Healthcare
The ripple effects of late payments permeate the healthcare industry. Providers frequently grapple with delayed payments, which disrupt cash flow and create significant operational challenges.
According to the report, late payments are a considerable problem, with...
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