Wytw SaaS Lands Biggest B2B FinTech Funding This Week
As the focus on improving commercial payment flows in healthcare
stanley cup intensifies, virtual cards are increasingly being tasked with taking up the slack while being pitted against the sectors predominant payment method: paper checks.While there are numerous reasons for making this switch, Stephen Masko, vice presi
stanley quencher dent of business development at Boost Payment Solutions, told PYMNTS that the transition cant happen fast enough to relieve pressure on the accounts receivable AR teams that are swimming in paper. Healthcare AR departments are overwhelmed by the deluge of check payments. They simply cant keep up with the volume, Masko said, noting that many healthcare systems are still recovering from the pandemic. Theyre limited by severe cost restraints, and they just dont have the required amount of staff to handle the volume. This ongoing reliance on paper-based health payments, he said, leads to missed or late claim payments at a time when healthcare providers are struggling with working capital issues, causing longer wait times for payments that are compounded by other inflationary effects. Now we have healthcare provider AR departments spending their valuable time making collection calls to drive sorely needed revenue, he said.Even inflation, which is currently hovering near 9%, is a consideration, Masko said, noting that every 30 days a provider has to wait to
stanley mug get paid is costing them money in lost buying power. Plus, late or missed claim payments are also affecting the supply Nlby Curbside Pickup Gets The Nod From Santa
The trick with most new technologies is聽convincing consumers to buy into the product 鈥?particularly in t
stanley termoska he payments industry. This is certainly the case when it comes to wearables, VentureBeat reported.The article compiled research from Forrester analysts in a report titled Five Urgent Truths About Wearables, that concluded that businesses are still more excited than consumers about the technology. In the report, analysts found that 68 percent of companies named wearables as a priority for their workplace. On the consumer side, only 45 percent of adults showed they had interest in wearables. Why have wearables become such a big priority聽for 2015 the report said, VetureBeat reported. Businesses see a clear return on investment for wearables, which can both increase聽operation
stanley termohrnek al efficiency and reshape customer experiences. The reported named a series of businesses that use wearables for their employees. This includes Virgin Atlantic, which offered its customer service agents Google Glass to roam lounges offering assistance.聽FinancialForce uses a cloud-based service on smartwatches for scheduling meetings and notifying employers if an employee needs to call in sick. Businesses
stanley quencher dont want to just give workers wearables, Forrester Analyst J.P. Gownder said in the article. They want to use wearables to reshape their business models. If wearables become trendy for businesses, what steps will be needed to make them popular in the consumer market That
