Fintech takes aim at a $400B healthcare puzzle
The US healthcare payments system is ripe for disruption. Just two decades ago, fees paid by patients accounted for only 5% of hospitals and doctors' revenue, but by 2017, that portion was up to 35%. And the patients' burden is expected to grow amid the increasing reliance on high-deductible medical plans and overall rising costs of healthcare. As a result, out-of-pocket spending stood at more than $406 billion in 2019, a giant market opportunity for fintech startups to tackle. To read the full article click here.