Healthcare Payment Trend: Patient-Initiated Payments

With patients bearing more of the responsibility for healthcare payments, healthcare organizations are looking for ways to make it easier for patients to pay, thereby improving collections and decreasing the time and resources it takes to collect payments.

Healthcare payments landscape

More than $2.7 trillion of healthcare payments are made in the U.S. annually, which represents one sixth of the U.S. gross domestic product (GDP). Direct patient-to-provider payments represent $326 billion.1  According to a McKinsey & Co. report, about 35 percent of a provider’s total revenue will come from patients.

Secure Payment Solutions that Come with a Guide

On my morning commute, lost in thought, I drove right past the office. Snapping out of it, I realized what I’d done, took a right turn and began my detour back to the office.  Having never gone this route, I saw buildings and roads I’d never seen before, discovering better paths for future trips.
Seeing things in a new light makes me think about the TrustCommerce professional services team. What I love about our team is how they look at a project from every angle – upside down, backwards, and sideways before arriving at a clear plan for reaching an objective. Our team has lead projects and implementations for leading organizations in key vertical markets and apply that unique knowledge to every project.