PayPlay in Healthcare Fintech: Streamline Payments, Boost Efficiency
PayPlay, or performance-based payment in healthcare, is revolutionizing the industry. It shifts from the traditional "fee-for-service" model (reimbursing for each service rendered) to rewarding providers based on demonstrable improvements in patient health and system efficiency. This innovative approach, a core component of healthcare fintech, promises significant benefits, but also presents challenges that require careful navigation. How can we harness PayPlay's potential while mitigating its risks? Understanding PayPlay Mechanics in Healthcare PayPlay operates on a simple principle: providers receive increased compensation when they achieve pre-defined, measurable improvements in patient health....