On Demand Webinar | Overview | Billings and Collection

Patients have spoken loud and clear: they need an easier way to manage their healthcare finances. In a recent study, 35% of patients say it is inconvenient to pay for healthcare services, up from 17% in 2017. Lancaster General Health, part ...

Save
News | Billings and Collection

Papaya wins HFMA Virtual Pitch contest

News | Billings and Collection

Papaya wins HFMA Virtual Pitch contest

  • A three-year-old mobile payment company was selected by votes of Annual Conference attendees.
  • The company was told about the contest by local HFMA members.
  • The company will present information to HFMA members in an upcoming webinar.

Papaya was voted the healthcare start-up with the most innovative solution for bending the cost curve by healthcare leaders at HFMA’s Annual Conference in Orlando.

Papaya, based in Los Angeles, developed a mobile phone-based healthcare bill paying system. In the company’s first three years, its app has processed payments made to more than 50,000 merchants in healthcare and other sectors and in the coming months, Papaya aims to work with larger healthcare providers, said Christine Kuecherer, vice president of growth and marketing for Papaya.

“This contest was a great opportunity to get in front of HFMA members,” Kuecherer said.

This is the second consecutive year that HFMA has held the Virtual Pitch Contest, sponsored by CareCredit, a Synchrony company, in conjunction with its annual conference. The competition aims to offer exposure to start-ups that show promise for reducing the rate of healthcare cost growth.  

“Congratulations to Papaya. We wish them continued success in the marketplace,” said Joe Fifer, president and CEO of HFMA. “All the finalists in the Virtual Pitch Contest have developed innovative solutions, and we were pleased to share them with the healthcare finance community.”

The 2018 winner was Transitional Cardiac Care LLC, an education and monitoring service for patients who have been discharged with a diagnosis of congestive heart failure.

“As a member of the healthcare industry, we have a responsibility to help find solutions for ever-rising healthcare costs,” said Beto Casellas, executive vice president and CEO of CareCredit. “Sponsoring HFMA’s Virtual Pitch allows us to support innovators who share our belief in making healthcare more affordable and accessible to consumers.”

Ten company finalists in the contest presented pitches to healthcare leaders on the Innovation Stage at the HFMA Annual Conference. Finalists also staffed booths in the Innovation Hub, where they answered additional questions about their products and services. This was the first time Papaya participated in the competition. The company has worked with local HFMA members, who told company representatives about the contest.

Representatives of Papaya also will present an upcoming webinar to HFMA members. 

About the Authors

Rich Daly, HFMA senior writer/editor

is a senior writer/editor in HFMA’s Washington, D.C., office. Follow Rich on Twitter: @rdalyhealthcare

Related Articles | Billings and Collection

Live Webinar | Revenue Cycle

Delivering efficient prior authorization and attachment transactions

There is consensus that healthcare administrative costs are excessive. CAQH CORE has been engaging with industry leaders to standardize business processes for prior authorization and attachment workflows. The Phase V CAQH CORE Prior Authorization Operating Rules address needed data content within the prior authorization transaction and enable greater consistency across other modes of PA submissions. CAQH CORE will present the Prior Authorization Operating Rule requirements in detail during the webinar as well as next steps to consider for successful implementation. The exchange of clinical information from provider to payer has become highly manual and a source of enormous administrative burden in the absence of a federal standard. CAQH CORE will share key findings from its recently released attachments whitepaper, including challenges and potential opportunity areas.

How To | Patient Experience

Why don’t more patients use transparency tools?

A critical factor in shifting consumer behavior is creating more compelling incentives, says Sally Rodriguez of the Health Care Cost Institute.

Case Study | Payment Trends

Payer access to EHR data improves cash flow

Sharp Healthcare gives some payers limited access to their members’ EHR data, which reduces the time-consuming cycle of level-of-care authorization denials, appeals, and ultimate approvals.

Trend | Billings and Collection

Positive patient experiences lead to timely payments

The shifting healthcare landscape is turning more patients into payers.

Advertisements