63a Bringing Healthcare into the Digital Payments Era: A Necessary Leap Forward

The Smart Money is on Real-Time Healthcare Payments.

1. The Healthcare Payment Crisis

The U.S. healthcare payment system is in critical condition. At its core lies a tangled web of outdated billing forms, opaque insurer contracts, and inefficient intermediaries. The dominant process—relying on HCFA-1500 forms and managed by third-party administrators (TPAs)—is not only slow and expensive but also deeply vulnerable to fraud and cybercrime.