PURCHASE, N.Y. & LAS VEGAS--(BUSINESS WIRE)--Mastercard today unveiled Mastercard Healthcare Solutions, a new suite of products dedicated to helping healthcare partners detect fraud, waste, and abuse, capture more revenue, and protect patient health data.

Bringing its scale and advanced technology to healthcare, Mastercard is transforming its business by moving beyond cards and reimagining how its technology and capabilities can benefit the healthcare ecosystem. These solutions build upon Mastercard’s established role in healthcare – helping businesses provide their employees with convenient, reliable access to healthcare funds through Mastercard-branded Flexible Spending Account (FSA), Health Savings Account (HSA), and Health Reimbursement Arrangement (HRA) cards.

In a world that is increasingly digital-first, patients have come to expect seamless, real-time digital experiences in nearly every aspect of their lives. While healthcare organizations have the technology to preserve and enrich lives, the rapid technological change is putting pressure on them to keep pace and quickly adapt. Mastercard Healthcare Solutions will allow healthcare payers and providers to have the right tools to address rising digital threats and operate more efficiently.
“The healthcare industry is experiencing a significant transformation and Mastercard’s technology-driven solutions will help stakeholders including payers, providers and in the long run patients,” said Raja Rajamannar, chief marketing and communications officer and president, healthcare, Mastercard. “Our solutions range from helping payers detect and reduce fraud, waste, and abuse to offering tools to providers to help improve patient receivables.”

Mastercard Healthcare Solutions brings its capabilities to complement a partner’s existing system to address major pain points such as payment assurance, payment integrity, and cybersecurity. Unlike other new entrants to the industry, Mastercard Healthcare Solutions will enhance a partners’ businesses, not compete with them.

Patient Payment Assurance: Predictive analytics to enable more effective billing strategies tailored to patient needs

Using the Mastercard Test and Learn® platform, health systems can optimize billing with predictive analytics that consider a patient’s unique circumstance. Providers will be able to:
Segment patients based on payment burden, individual payment behaviors, and other factors

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