A Digital Wallets Within A Healthcare Payment System Goes Hand-in-Hand With Telehealth

A healthcare business can increase efficiency and cut costs by combining healthcare payment processing with an EHR and solutions for insurance verification, patient scheduling, patient portal, telehealth, doctor's notes, and medical coding & billing. Consider the following scenario: A patient would have scheduled his appointment using an app before arriving for the consultation. Later, the clinic staff consults the integrated health system to get the patient's medical records and confirm his insurance coverage. The patient next visits the doctor, who issues a prescription and takes notes thereafter.

The staff completes the necessary medical coding after the clinical visit and submits the claims to the payer. The patient is responsible for covering any out-of-pocket costs; the insurance provider will cover the rest. Here is where the integrated health system's payment software solutions come into play. The patient can access his doctor-updated health records, check out the services offered, and submit payments online.

One significant element of healthcare payment systems that has been discussed for a very long time is a digital wallet. It eliminates the processes involved in payments and payment processing that need pens and paper.

Where there is actual paper involved, there will inevitably be a higher handling fee and a requirement for specialised people to manage the documents. Yet, a digital wallet integrated with a health care payment solution does away with physical paper and offers a streamlined interface for managing cash inflow and processing payments.