It’s that time of the year again – summer! Everyone is out enjoying the warm weather, going to the beach or, for all you bookworms, getting a jumpstart on your summer reading list. I can remember at the end of each school year my teachers would send me a long list of books to read over the summer months to keep my brain fresh for the following September. I thought it would be a good idea to put together a
In 2017, U.S. healthcare spending reached nearly $3.5 trillion, or $10,348 per consumer, at a projected growth rate of 4.6 percent. Healthcare spending has become nearly a fifth of the nation’s total Gross Domestic Product (Centers for Medicare & Medicaid Services). This steady growth and large size of the industry make it a major economic driver for the country.
Whether the industry can sustain this size and growth are questions that remain unanswered. The answers, and thereby the future of the
The digital revolution is in full swing throughout the world. Mail volumes declined by five billion pieces or almost four percent in 2017. Online shopping increased six times faster than brick-and-mortar shopping during the 2017 holiday shopping season, while a record 7,000 retail stores closed or were set to close in 2017. Tech giants like Apple, Amazon and Uber are changing the world we live in by placing access to more and more at our fingertips. Yet, healthcare’s resistance to
Improving the patient experience is the forefront of conversation today for healthcare organizations. Some vendors claim to offer the simplest, most user-friendly payment experience, but they are only focusing on one specific area of the process instead of the full end-to-end experience. In order to deliver the best possible patient payment experience, ask yourself, what does a great patient payment experience really look like? Here are four actions we believe are necessary to create a great patient payment experience.
Listen to the
The Trends in Healthcare Payments Eighth Annual Report: 2017 is now available to download. For the last eight years, InstaMed has released this report to objectively educate the market and promote awareness, change and greater efficiency through quantitative data from the InstaMed Network and qualitative data from healthcare providers, payers and consumers surveyed nationwide.
While value-based care may be the future of the healthcare industry, trends in healthcare payments are missing from this important conversation according to Jeff Lin, our Senior Vice President of Product Management, who recently penned a feature commentary for Health Management Technology on the topic. In the piece, Lin explores how payers can look to trends in healthcare payments to develop the strategies and processes needed to deliver value-based care more broadly throughout the industry.
Findings from the Trends in Healthcare Payments Seventh Annual Report revealed that consumers are and will continue to be a driving force, impacting several key areas of the healthcare and payments industries. InstaMed CTO and Co-Founder Chris Seib breaks down the four areas that require the attention of both industries to address the new role of consumers and the expectations they bring.
Read the full article, The Future Of Healthcare Payments: Four Trends To Watch, in Payment Week.
Our CTO and co-founder, Chris Seib, recently authored a piece for Health IT Outcomes on how healthcare payments aren’t just about catering to millennials or baby boomers — all consumers are demanding a convenient payment experience as revealed in the Trends in Healthcare Payments Seventh Annual Report: 2016.
Read the full article, What Does Age Have To Do With Healthcare Payments?, in Health IT Outcomes.
After last month’s authored piece highlighting the Trends in Healthcare Payments Seventh Annual Report: 2016 for American Journal of Managed Care, our CTO and co-founder Chris Seib’s latest contribution focuses on one of the report’s key trends – consumers demanding more from healthcare. Seib explores how the healthcare industry has been slow to acknowledge the consumer’s rising role as a stakeholder as well as the impact consumer demands are having on revenue and brand.
Read the full article, Consumers Are Demanding
In his latest monthly installment for the American Journal of Managed Care, our CTO and co-founder Chris Seib highlights the four core challenges facing the healthcare industry as revealed in the Trends in Healthcare Payments Seventh Annual Report: 2016. Seib sets the stage for subsequent contributions focusing on the individual challenges explored in the report, including consumer demands, the impact of omnichannel payments, paper’s drain on the industry and healthcare data at risk of cyberattacks.
Read the full article, What Are
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