PYMNTS.com December 31, 2024
Transforming healthcare — in terms of payments efficiencies, so that providers get paid and patients are able to handle the financial responsibilities tied to getting the care they need — is a bit like turning a battleship around on the open seas.
It takes time, planning and coordination. Behind the scenes are teams and crews working in tandem to change course.
Recent statistics from the government, available here, indicate that health care spending in the United States grew 7.5% last year, reaching $4.9 trillion or $14,570 per person. The industry accounted for 17.6% of U.S. GDP.
Significant Pain Points
Pain points persist: As PYMNTS Intelligence and American Express detailed in joint coverage through “Pains and Gains: Conquering Healthcare’s Payment Woes,”...
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