MedCity News May 20, 2025
Simplifying payments isn’t just about transactions; it’s about building better relationships and ensuring financial health through protection, payment choice, scale, and integration.
When it comes to healthcare, simplifying payments offers clear benefits: improved operational efficiency, better cash flow management, and stronger relationships between health plans, providers, and patients.
Despite these advantages, healthcare is still navigating a fragmented and outdated payments landscape. Challenges like confusing billing processes, limited payment methods, lack of transparency, delayed reimbursements, and security risks persist.
Given these complexities, healthcare organizations must adapt by leveraging the payment technology that exists today. According to Kofax, enterprises using digital payables platforms can reduce processing costs by 81% and accelerate processing cycle times by 73%.
However, simplifying payments...
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