Healthcare IT TODAY

Financial Health: How Innovative Fintech Solutions can Transform Healthcare Finance

May 9, 2024

Banks & Lenders


Financial Services

If you are responsible for payments at a healthcare provider or overseeing digital strategy and innovation, it’s time to look at how embedding bank payment plans for your patients and customers within your payment system can help you build patient loyalty and stay ahead of competitors, while solving the medical debt crisis impacting patients’ financial well-being.

Some 40% of U.S. adults owe money related to medical or dental care. And it’s not just a patient issue; healthcare providers face the challenge of delivering quality care while ensuring financial viability for patients.

Numerous alternative lenders globally are working to mitigate this crisis by issuing loans for healthcare seekers short of available funds.

But there are other options out there, like point-of-sale (POS) financing from regulated banks and lenders, which insert responsible financial products (for varying customer credit profiles, ticket sizes, and use cases) within a patient’s journey. This approach to healthcare financing can harmonize the interests of patients, lenders, and healthcare providers for healthy outcomes for all.

Find out more in Healthcare IT TODAY.

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