More than half of the transactions within the US healthcare industry are still paper-based. In addition, there is a processing lag if the payment is paper and the remittance is electronic. Several major challenges plague the healthcare industry's quest to automate the payments process, and many healthcare providers, billing companies, and banks serving healthcare providers undertake a costly, time-consuming journey to achieve full healthcare payment automation.
However, there is a solution available today that enables them to avoid the risks and costs associated with the typical manner of moving toward full payment automation.
This paper discusses the barriers to full healthcare payment process automation and a cost-effective, simple solution for overcoming the barriers.