Electronic payments are readily accepted in almost all industries. The total digital transaction value is expected to rise with a CAGR of 14.86% resulting in an estimated $3528 billion by 2027. But medical groups and healthcare practices have not yet wholly adopted electronic payment methods and are missing the potential benefits that digital payments can offer them. It is seen that only 29% of the patients receive medical bills.
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Importance of Accepting Electronic Payments in Healthcare Patient Payments

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Electronic payments are readily accepted in almost all industries. The total digital transaction value is expected to rise with a CAGR of 14.86% resulting in an estimated $3528 billion by 2027. But medical groups and healthcare practices have not yet wholly adopted electronic payment methods and are missing the potential benefits that digital payments can offer them. It is seen that only 29% of the patients receive medical bills.