The healthcare industry is one that has gone through all kinds of changes over the past decade thanks to innovation and technology. Now it seems the revolution taking place in the industry is being driven by those in the fintech, or financial technology industry. More and more fintech start-ups have their sights set on the healthcare industry with big plans on how they can make their mark.
Giving Patients Easier Ways to Pay
One of the biggest complaints from both patients and those on the administrative side of the healthcare industry is just how confusing and difficult the billing and paying system is. Change is not only welcome, it is needed at this point. Fintech start-ups are now looking at ways they can work to facilitate payments such as offering online billing and bill payments.
There is also the other side to bill payments and that has more to do with offering assistance when it comes to financial planning for patients. We all know that medical care isn’t cheap, and not everyone has insurance coverage. Fintech companies are now looking at products they can offer that help patients to better plan and budget their finances so that they can indeed pay for the medical services. [Read more…]