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Innovation in Healthcare Payments

By Amy L. Crawford and Travis Williams

Today’s healthcare-spend of over $3.3 trillion annually in the U.S. is growing at a rapid pace. With out-of-pocket expenses on the rise, consumers are bearing more and more of the cost, exacerbating the already challenging collections effort for healthcare providers. In fact, medical debt in the U.S. is staggering at approximately $75 billion.

Traditional patient-to-provider payment processes…

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