Simplee and NACHA Discuss Growing FinTech Opportunity in Healthcare at PAYMENTS 2016

PHOENIX, AZ--(Marketwired - Apr 19, 2016) - Simplee Chief Growth and Marketing Officer John Adractas and NACHA Senior Director of Healthcare Payments Priscilla Holland examined the growing payments opportunity in healthcare at PAYMENTS 2016 today in Phoenix, Arizona.

Their presentation defined a $600 billion patient payments opportunity in healthcare, and highlighted the need to align patient expectations with billing best practices. It explored engagement, trust, and flexibility as the cornerstones of a modern patient financial experience that can drive higher patient satisfaction and net collections. It used case studies from leading health systems to evaluate the trends in self-pay collections, the rise of self-service, and the gains from an improved patient financial experience.

"Healthcare represents a significant payments growth area when engagement, transparency, and payment flexibility are introduced smartly," explained Adractas. "The pioneering health systems are now seeing a modern patient financial experience become a competitive advantage."

PAYMENTS 2016 brings together thousands of payments system stakeholders from business end-users and financial and technology services organizations to explore the most pressing industry issues of the day. The conference is focused on setting the agenda for the industry and ensuring the continued strength and integrity of the ACH Network and the US payments ecosystem.

Adractas and Holland presented Tuesday, April 19th at 9:20am in a session titled: "The Payments Opportunity in Healthcare: How the Financial Experience Will Win the Patient Loyalty Battle."   

About Simplee

Simplee® is transforming the patient financial experience. The Simplee Financial Engagement™ software platform is the world's first single enterprise solution for patient engagement, billing, estimates, payment, point-of-service, and financing. With Simplee, healthcare providers get award-winning technology (Fierce Healthcare, Webby, and more) that creates a payment experience patients and staff love, driving satisfaction, payments, and more. Headquartered in Palo Alto, Calif., Simplee is founded and led by eCommerce veterans, and its investors include Social Capital, 83 North and Heritage Group. For more information on Simplee, visit simplee.com or follow @SimpleePay.