Medical Payments news and trends

LQpay Debuts ‘Zero Click’ Payments for Medical Practices
Healthcare // January 03, 2024

Patient payments provider LQpay has introduced a new payment solution for medical and dental practices. The company’s Zero-Click payment solution is designed to streamline payment experiences for patients and providers, and builds on LQpay’s existing “One-Click” Payment option, per a Wednesday (Jan. 3) press release. “By integrating the...

Weave and Affirm Collaborate to Offer Patients Flexible Payment Options
Healthcare // September 26, 2023

Weave, an all-in-one experience platform for small and medium-sized healthcare businesses, has partnered with payment network Affirm to provide flexible payment options for eligible patients. By integrating Affirm’s pay-over-time options with Weave’s patient experience platform, the partnership benefits patients and also allows healthcare practices to receive payments...

Debate Sharpens on Medical Payment Products as CFPB Seeks More Info
Healthcare // September 12, 2023

The debate over medical payment products — and, by extension, consumer choice — is sharpening between banks, innovators and regulators. To that end, the Bank Policy Institute (BPI) and Consumer Bankers Association (CBA) sent a letter Monday (Sept. 11) to the Consumer Financial Protection Bureau...

All-in-One App Could Help Close Digital Healthcare Disparity for Low-Income Patients
Healthcare // February 21, 2023

Friction in accessing digital healthcare services may be a fixable barrier for low-income patients.  Beginning in July 2022, as part of a larger focus on the ConnectedEconomy™, PYMNTS began tracking day-to-day connectivity, specifically between U.S. income brackets, comparing the habits of the country’s highest- and lowest-paid consumers....

Interviews & Exclusives
Flywire’s Massaro: Healthcare Payments’ $375B Efficiency Opportunity

February 17, 2020
A digital-first world needs a digital-first healthcare payments reboot, especially as consumers become among its largest payors. It’s one of the reasons that Flywire CEO Mike Massaro tells Karen Webster they are doubling down on the healthcare vertical and made the move to acquire Simplee. Here’s how he says the acquisition will help streamline $375B out-of-pocket healthcare payments flows for providers and the patients they serve.

Solving The $50B Elective Medical Procedure Payments Problem

June 18, 2019
The demand for elective medical procedures in the U.S. is sky-high, but high costs severely limit consumers’ access to them. The elective medical procedures market is 63 million consumers-strong, and...

OODA: Why It’s Time For A Healthcare Payments Moonshot

September 24, 2018
There are few participants in the American healthcare system that offer rave reviews of its payment process. Providers (doctors, hospitals, etc.), payers (insurance companies) and members (patients) all offer different perspectives on what’s really...

The Prescription For Prescription Commerce

September 19, 2017
Think the neighborhood pharmacy is dead and gone? There are more than 22,000 reasons to think otherwise, and Deepak Thomas, CEO of Phil, noted in the most recent edition of our...

Quick Reads
$3 Billion HealthTech Merger Aims to Cure Late Payments

September 05, 2024
New Mountain Capital is reportedly combining three HealthTech firms in a $3 billion deal. The merger is designed to employ artificial intelligence (AI) to help improve payments from health plans to providers, Bloomberg reported Thursday (Sept. 5). According to the report, the deal will bring together three companies from New Mountain’s portfolio: The Rawlings Group, […]

LQpay Debuts ‘Zero Click’ Payments for Medical Practices

January 03, 2024
Patient payments provider LQpay has introduced a new payment solution for medical and dental practices. The company’s Zero-Click payment solution is designed to streamline payment experiences for patients and providers, and builds on...

Weave and Affirm Collaborate to Offer Patients Flexible Payment Options

September 26, 2023
Weave, an all-in-one experience platform for small and medium-sized healthcare businesses, has partnered with payment network Affirm to provide flexible payment options for eligible patients. By integrating Affirm’s pay-over-time options with Weave’s...