Boston, June 11, 2014 – As ACA makes its needs known, non-banks are emerging as developers of an early stage business-to-business card market. To get in this game, ease patient accounting, and reach commercial payer customers, banks must enhance healthcare electronic funds transfer, virtual cards, and paper check business-to-business payments. Over the next three years, banks offering all three claims payment products will be positioned to achieve their ultimate objective—controlling all U.S. healthcare claims payments in a US$92 billion GDV commercial payments market—while replicating healthcare institutions' electronic payment adoption success for physicians and specialists.
Based on a Q1 2014 Aite Group survey of 142 U.S. small-provider healthcare businesses, this Aite Group Impact Report projects U.S. small-provider healthcare business claims payments, sizes the U.S. small-provider healthcare business market (remittance and commercial) in terms of the GDV and claims payments, and provides unique insight into where small healthcare businesses project they will receive future payments.
This 24-page Impact Report contains 22 figures and three tables. Clients of Aite Group's Health Insurance practice can download this report.