Benefits of a Electronic Medical Bill Payment Solution
The ideal medical bill payment solution does more than convert an outdated paper-based system to...
Despite increasing focus on new technologies, many health organizations have not yet begun to benefit from their digital investments and Medical Bill payment. According to a survey of payer and provider executives by PwC, 38 percent of respondents said their organizations have not incorporated digital into their corporate strategies, and many told PwC that they “still do not see digital efforts paying off in a meaningful way.” What’s more, according to that same survey, only 21 percent of healthcare companies employ a chief digital officer, compared with 32 percent of banking firms and 41 percent of insurance companies.
Relying on outdated methodologies to handle medical payment strategies can be an expensive and risky proposition. Organizations that still use costly checks rather than electronic payments are ignoring the advantages that an automated bill payment system brings, including:
The future of medical bill payment lies in digital strategies, and organizations that fail to keep up with evolving technology will inevitably fall behind. If your organization is struggling with the costs and complexities of medical bill payment, find an automation provider who can design a digital strategy targeted to your specific needs.
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