Fintech Solutions Improving Patient Health
Healthcare is finally catching up with the digital advances of fintech. Streamlined and intelligent financial products, buy now, pay later services, and more innovations are easing patient payments and reimbursement struggles. Patients can focus more on their care and staying healthy with less hassle and financial burden. Catch up on Plug and Play Health's last webinar of the year as they uncover the next generation of fintech solutions improving patient health.
A Discussion with Industry-Experts
Fintech and healthcare have, at their core, many things in common. They are both massive, regulated markets with technological adoption challenges, legacy oligopolies, and enormous customer pain. At the same time, they present opportunities to advance and innovate on the data and infrastructure layers as well as create new B2C and B2B products. Startups are entering the space as legacy payviders lack purpose-built solutions, and consumers increasingly drive new purchasing behaviors due to their increasing role as payors themselves. Healthcare-specific fintech companies leverage lessons from general fintech to conquer this space.
Top Trends:
- The healthcare data explosion is fueling the transition to value-based care
- New financial platforms for healthcare affordability, including the models of Buy Now Pay Later and Individual Coverage Health Reimbursement Arrangement, are on the rise and reduce friction
- The industry is gamifying consumer wellness to combat the rise of chronic illnesses
Meet the Startups
Brella
Brella provides an employee benefits administration platform for employers.
Peachy Patients
Peachy Patients is changing the way patients access and afford healthcare.
Wallit
Wallit is a digital wallet and fully-integrated solution for managing benefits, perks, rewards, and reimbursements all on one system.
The Highlights of the Panel Discussion
- Most Americans can’t afford a severe unexpected health event because they have an insurance policy with an out-of-pocket maximum beyond what they have in savings.
- When it comes to medical bills, understanding coverage for health plans, and what services patients are paying for, it’s a black box.
- The benefits industry spends around $4 trillion annually to attract and retain talent, yet the benefits experience in most companies is fragmented and very complex.
- An estimated 80% of medical bills contain some form of error or issue undetectable in non-itemized statements and often slip through.
- The trend of consumerization of healthcare alongside recent legislation passed on surprise bills, balance billing, accessing patient authorized payer data, and more are leading us to a more free market where patients can see prices and choose providers based on quality and cost.
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We connect the best startups in the world to corporations who want to disrupt the healthcare industry.
We focus on digital health technologies that challenge clinical practices, improve data analytics, and enhance the patient journey across the continuum of care.
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