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Tie-up between fintech startups & traditional institutions in telehealth payment solutions an emerging trend: Expert
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Shardul Nautiyal, Mumbai
November 25 , 2023
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Collaborations between fintech startups and traditional institutions, particularly in telehealth payment solutions, are amongst the emerging trends in fintech, informs Mohit Bansal, co-founder, CarePay.
Bansal further explains that the future of fintech in healthcare is characterised by several notable trends. From personalized tools to a surge in digital payments through mobile apps and digital wallets, there exists a scope of advancement everywhere. AI and predictive analytics will play a pivotal role in empowering financial forecasting. Regulatory developments and increased investments in cybersecurity will ensure the safeguarding of sensitive financial and health related data. The roadmap highlights a convergence of technology, collaboration, and a commitment to providing inclusive financial solutions in healthcare.
CarePay is a full stack fintech start-up in the healthcare industry, driven by a mission to enhance financial accessibility to healthcare for individuals worldwide. Initially focused on alleviating the burden of out-of-pocket health expenses through tailored financial solutions, the company has rapidly evolved. As the company evolved, CarePay expanded its vision, transitioning into a comprehensive healthcare financial services platform.
“CarePay has gained a competitive edge through its innovative financial solutions for patients, strategic partnerships with clinics, and the introduction of advanced fintech solutions. The company's commitment to continuous innovation, including the use of technology and AI, positions CarePay as a leader in reshaping the intersection of healthcare and financial services,” Bansal explains.
The start-up benefits healthcare providers by enhancing service capabilities, optimizing finances, and broadening their patient bases. For patients, CarePay ensures financial accessibility, simplifies transactions, and improves affordability through innovative solutions. This fosters a mutually beneficial healthcare ecosystem, promoting efficiency and inclusivity.
“The fintech start-up sees opportunities in empowering patients with innovative financial solutions, collaborating with clinics to enhance services, streamlining transactions, and fostering a thriving healthcare ecosystem. CarePay's future goals revolve around empowering global patients with innovative financial solutions for accessible healthcare. We aim to enhance clinics' capabilities, streamline operations, and foster a thriving healthcare ecosystem through advanced fintech solutions like payment reconciliation, insurance add-ons, and a healthcare commerce hub. Additionally, our vision includes addressing the financial goals of healthcare professionals with wealth management for doctors,” Bansal further said.
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