In healthcare, a payment gateway acts as a secure middleman between providers and financial institutions, enabling online medical transactions while upholding data privacy and industry regulations.
Healthcare payment processing is essential for providers to accept payments smoothly from patients and insurers, improving cash flow and cutting administrative tasks. Additionally, electronic payments and data analysis reveal new revenue sources and reduce expenses.
This can include electronic funds transfer (EFT), digital wallets, mobile payments, and payments from insurance companies, government programs, and third-party payers.
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