Wayne Brown’s Post

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Managing Partner, The Walker Group, Founder of The FinTech Virtual Lunch, Co-Founder of BFSITechTalks and Podcaster

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

RevSpring Integrates Lockbox Payments Into Healthcare Platform

RevSpring Integrates Lockbox Payments Into Healthcare Platform

https://www.pymnts.com

Paul Mila

Author & Underwater Photographer.

5mo

You've come a long way, Wayne. Good for you, and congrats for making your MasterCard bill paying experience into a great career!

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