Our healthcare system loses billions of dollars each year on antiquated billing systems that waste paper and threaten personal security. New technology encourages optimized financial performance for both payers and providers by allowing flexible and varied payment options.
Patients will grow impatient if healthcare can't keep up with the evolving payment technology being adopted in other industries. Patients expect to pay their bills how, and when, they want. "The healthcare payments system is a complex ecosystem," said Tony Kong, director in West Monroe Partners' Healthcare practice. "Everyone wants it to be more efficient and convenience is driving adoption."
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