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Why Data-Backed Innovation Is The Medicine Healthcare Needs

PYMNTS

Among the more unnerving surprises of the coronavirus pandemic for most people was learning just how vulnerable and thinly stretched some areas of our healthcare system really are. Particle has an advanced product that makes it easy for consumers to authorize their healthcare information to be shared among providers.

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Healthcare's Back Office Catches Up To The Industry's Digitization Push

PYMNTS

B2B payments in the healthcare industry are undoubtedly complex, thanks to the intricacies of coordination between healthcare providers, suppliers and insurance firms. Well before the pandemic hit, however, the healthcare arena began to embrace the opportunities of digitization — at least, on the patient-facing end of operations.

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Net Profit Margin and Benchmark per Industry

The Finance Weekly

Healthcare Net Profit Margin is usually around 12-15%. With high operational costs and strict regulations, healthcare businesses must maintain strong margins to remain profitable. Prioritize retaining existing ones by improving customer support and engagement strategies. Manufacturing Net Profit Margin is typically 5-10%.

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The Disadvantages of Cloud-based ERP

Navigator SAP

This is the result of both the methodology of cloud services and the technological underpinnings of the cloud that prioritize standard services that can be rolled out to all customers at scale. But for some businesses with sensitive information, such as healthcare or finance, this reduction in control can represent a real concern.

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OODA: Why It’s Time For A Healthcare Payments Moonshot

PYMNTS

There are few participants in the American healthcare system that offer rave reviews of its payment process. payers (insurance companies) and members (patients) all offer different perspectives on what’s really wrong – but all agree that if healthcare payments was a patient, it would be flatlining. Providers (doctors, hospitals, etc.),

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NEW DATA: Pandemic Pushes 70 Pct Of Businesses To Automate Accounts Receivables

PYMNTS

These legacy methods often reduce the speeds at which firms deliver invoices and follow up on overdue payments, as they are less efficient for prioritizing collections. Reliance on manual processes has far-reaching effects. These cumbersome processes often increase operational costs and pile up, thus resulting in delayed payments.

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Fauci: General Public Might Get COVID-19 Vaccine Doses By March, April 2021

PYMNTS

It … likely will be healthcare providers and likely will be those who are vulnerable with underlying conditions.”. “If you're talking about who's going to get vaccinated in December or November, it is not going to be a large proportion of the population,” Fauci said. “It