Salucro Healthcare Solutions’ Post

The growth of digital payments has caused organizations to build new products and solutions to capture these payments across multiple channels. However, traction in the healthcare vertical seems to lag for a number of reasons. One healthcare professional mentioned to me last week at a conference is that HIPPA is an area of strong focus in healthcare and keeping information protected is a priority. One company, RevSpring, has launched a platform that merges lockbox details with other payments processed including text to pay, point of service, call center, IVR etc. into one payment file. Although check payment data will ultimately decline over time, getting one view across all receivables in one file has advantages. It is hard to view anything innovative with lockbox, but checks are not suddenly disappearing, and solutions exist on how to identify and maximize opportunities. A number of lockbox partnerships are in play, combining digital and check (paper) payments and data. The B2B market paper remittance is a big market as checks are a strong payment channel despite all the AP/AR automation tools available. #thewalkergroupnyc #bfsitechtalks #fintechinnovation #TheExchange #fintechmexico #fintechcareers #TheVirtualFinTechLunch Jonathan Pina Marla Ellerman #mpcevent https://lnkd.in/edMGCbB6

Patients are consumers, and they deserve frictionless experiences for paying for their healthcare. Millennia has proven that the more payment options that are available, such as text to pay, apple pay, etc., the more likely the patient will pay their balance. #healthcarepayment #patientexperience #healthtech #patientpay

Exciting News from ClearBalance Healthcare! We are thrilled to announce the launch of our cutting-edge Open Banking solution! As leaders in healthcare finance, ClearBalance Healthcare continues to innovate, expanding our offerings to better serve hospitals and patients alike. Our new Open Banking payment option redefines how patients manage healthcare payments. By securely connecting patients' bank accounts directly to our payment portals, we provide a seamless, flexible, and secure payment experience. Why Open Banking? 1. Effortless Transactions: No more manual data entry! Our system simplifies payments, reducing errors and speeding up transactions. 2. Enhanced Financial Management: Patients can customize payment plans and receive timely alerts, empowering them to handle their finances with confidence. 3. Cost Savings: With reduced transaction fees, both healthcare facilities and patients save money. “At ClearBalance, our mission is to lead the healthcare industry with innovative solutions that cater to the unique needs of both our patients and hospital systems,” says Ray Freedenberg, CEO. This initiative is a testament to our commitment to providing patient-centric financial solutions that drive transformative change. Join us in revolutionizing patient payment experiences by exploring the benefits of Open Banking today. Let's work together to enhance financial interactions in healthcare! For more information, please reach out to our team or visit www.clearbalance.org. Together, we can make a real impact on patient financial well-being. #ClearBalanceHealthcare #Innovation #OpenBanking #PatientExperience #HealthcareFinance

Banks are essential partners in the digital transformation of healthcare, driving efficiency and improving patient experience. As healthcare shifts to digital-first solutions, banks play a vital role in helping providers modernize their payment systems and navigate the complex landscape. As healthcare shifts from paper to digital, banks help resolve manual reconciliation, ensure compliance, and offer patient-focused solutions like flexible payments and digital refunds. They offer a 360-degree view of providers’ needs, helping streamline payments, automate workflows, and improve cash flow. #healthcareinnovation #digitaltransformation #paymentsolutions

Provider billing trends can impact prospective payment integrity programs and provider network management. But data that is limited to one organization may not yield sufficient insight to reveal claim payment trends and their full impact on payment policy. Join our upcoming webinar this Thursday at 2:00 PM ET to explore notable trends in provider billing, benchmark billing accuracy, and identify payment policy opportunities. Register today. https://bit.ly/3KFRiUy #payments #HealthPlans

Exciting News for Long-Term Care Facilities! Are you tired of the hassle of trying to reach the Power of Attorney (POA) for billing in long-term care facilities? Look no further......... At Authvia, we understand the challenges you face in streamlining payment processes while ensuring the utmost satisfaction for both residents and their representatives. That's why we're thrilled to introduce Authvia's innovative Text-to-Pay solution tailored specifically for the needs of long-term care facilities. How does Authvia revolutionize the payment experience? Seamless Communication: With Text-to-Pay, engaging with POAs has never been easier. No more missed calls, endless voicemails or delayed payments through the mail. Authvia enables instant, convenient communication through text messages, allowing you to reach POAs promptly and efficiently. Secure Transactions: Security is our top priority. Authvia's platform ensures PCI-compliant payment processing, giving both you and your residents' representatives peace of mind knowing that their financial information is safe and protected. Enhanced Payer Satisfaction: By offering a simple and convenient payment method, Authvia enhances payer satisfaction. POAs can quickly and securely make payments via text, eliminating the frustration of traditional billing methods and fostering positive relationships between your facility and its stakeholders. Improved Efficiency: Say goodbye to time-consuming billing processes. Authvia's Text-to-Pay solution streamlines payment collection, reducing administrative burdens and allowing your staff to focus on providing the highest quality care to your residents. Join other long-term care facilities already benefiting from Authvia's Text-to-Pay solution and elevate your payment experience today! To learn more about how Authvia can transform your billing process, visit Authvia.com and try a demo yourself. #longtermcare #billingsolutions #texttopay #authvia #payersatisfaction #efficiency #healthcarebilling

While the adoption of a patient payment solutions has seen exponential growth in recent years, many providers experience dissatisfaction with the results. Outdated technology and a lack of integration with existing systems are key reasons these solutions often fall short. Providers require efficient tools to optimize patient payment collections, especially as the industry transitions towards digital communications and payments. MailMyStatements #PatientBilling #PatientPayments #RCM #HIMSS24

Managing the intricacies of #cashflow is challenging for many #healthcare companies. Those that digitize and automate the #AR process are positioned for greater stability so they can focus on delivering smoother-running services and scaling for growth. http://spr.ly/6040gSNku

Managing the intricacies of #cashflow is challenging for many #healthcare companies. Those that digitize and automate the #AR process are positioned for greater stability so they can focus on delivering smoother-running services and scaling for growth. http://spr.ly/6043g59PU

Managing the intricacies of #cashflow is challenging for many #healthcare companies. Those that digitize and automate the #AR process are positioned for greater stability so they can focus on delivering smoother-running services and scaling for growth. http://spr.ly/60459BQqL