Innovative technologies promise to transform healthcare for payers, providers, and patients with greater convenience, efficiency, and security

Becker's Healthcare May 21, 2020
In collaboration with Mastercard

Consumers enjoy seamless digital experiences every day of their lives, yet many innovations we take for granted are still missing in healthcare. Both healthcare payments and claims processes are convoluted, confusing, and time-consuming.

Nor can consumers feel confident that their patient data is secure. While the rare data breach at a retailer or bank makes headlines, the healthcare industry experiences a major data breach every day.¹ With U.S. healthcare costs expected to rise 5.5% annually,² innovative technologies can help overcome three critical challenges plaguing the healthcare system:

• Patient Payments – Facing increased out-of-pocket responsibility for their medical expenses, patients struggle to afford their medical bills—forcing providers to send an average of 3 billing statements before receiving payment for an...

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