[Case Study] Development Of A Mobile Solution To Enable Patient Responsibility Collection
A leading payment solutions provider in the US, enabling payer payments of over USD 1 Billion per month
The Context
Among the major trends affecting healthcare payments is the continued increase in patient responsibility. Patient responsibility for certain high deductible plans is as high as 25%, accounting for an estimated $250 billion in provider revenue each year. According to a study, about 40% of the patient responsibility is written off by the providers due to varying reasons.
The Need
- A platform that enables the customer to collect patient responsibility and make payments to providers