PYMNTS.com January 31, 2023
Amid an array of healthcare data and reams of medical payments handled by banks exists a triage opportunity.
This, as inroads are being made to decades-old standards used by both sides, to make it all more cohesive and interoperable.
“Especially in the healthcare industry, as more organizations merge and become bigger,” Andres Jimenez, director, healthcare receivables product lead at Bank of America (BofA) told PYMNTS. “What ends up happening is you get these clients that have multiple systems that they need to maintain, and then they need to create integrations between their banks and all the other financial revenue cycle systems that they’re using to analyze the challenges to healthcare data interoperability for banks.”
That’s been a heavy lift for...