{"id":395289,"date":"2020-12-08T08:33:32","date_gmt":"2020-12-08T13:33:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395289"},"modified":"2020-12-08T08:33:32","modified_gmt":"2020-12-08T13:33:32","slug":"flywire-reports-record-growth-for-digital-healthcare-payments-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/flywire-reports-record-growth-for-digital-healthcare-payments-platform\/","title":{"rendered":"Flywire Reports Record Growth for Digital Healthcare Payments Platform"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>Flywire powers more than 50 leading U.S. hospitals and health systems<\/em><br \/>\n        \n      <\/p>\n<p align=\"center\">\n        <em>Processes $14 B in patient transactions, representing more than \u2153 of U.S. households<\/em>\n      <\/p>\n<p align=\"center\">\n        <em>Appoints Jo <\/em><br \/>\n        <em>Natauri<\/em><br \/>\n        <em>, global head of healthcare investing at Goldman Sachs Merchant Banking Division, to Board of Directors <\/em>\n      <\/p>\n<p>BOSTON, Dec.  08, 2020  (GLOBE NEWSWIRE) &#8212; Flywire, a high-growth software and payments company, today announced record growth for its healthcare business. Ongoing <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_V9dDbsCAfgK2J6sPdmcuhGRTelm1UxU_rg6oEj_VPjxSZ_Yur1AoesbyV-SF9fX8K5Zb1xx7g7AT-mMoUmeTkYoV4_7c2qXRWlEbNyhAqdXRrm1RZEnBACmefsP9_qdShdIlJb_LM_nxEaR4zSd0crzuf2QNRzelnub201YU097yue9C9Rk1zEzTszhtP9Vh0JbcmxroJVDjaZW5WZmGw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>enhancements to it<\/u><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QjT4fdyzEB34CTxVkeRW9gNzkRD2R9R_jDb63Qs3ILtd7hNffNMpk7EPV4oFthoS77UTFxQYSRl55p3O4V5Jwia5GQiSGKNA6_BpXM5iJXN3MP_aqBBnhbvPXqXKE58c-13x0pfQdIBK_c1xd9_X_oJg_0Yz2FQEyna4O2M9PYipPmNQ9S_TnIZhd7wsyyXfnNj0W_NKB1cg-_ovHsDsf1RReTbxqmmM91MCZGtqo6E=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>s digital engagement and payments platform<\/u><\/a>, including new capabilities that make it easier for providers to personalize the patient payment experience, led to a record number of new client wins and strategic partnerships. To date, more than 50 leading U.S. health systems and hospitals use Flywire to make paying for healthcare digital, simple and affordable for their patients.<\/p>\n<p>\u201cThe need for a highly personalized digital payments experience has never been more important than in the COVID-19 era, as health systems and hospitals rush to accommodate patients\u2019 demands for more affordable healthcare and greater price transparency,\u201d said John Talaga, head of healthcare, Flywire. \u201cNow, more than ever, providers must structure healthcare bills to match a consumer\u2019s capacity to pay in their preferred method, or they risk revenue losses.\u201d<\/p>\n<p>\u201cThe acceleration of digital paths to payment from both patient and provider is contributing to Flywire\u2019s strong performance, and underscores our ongoing commitment to building the leading digital healthcare platform that makes paying for healthcare more transparent, accessible and affordable.\u201d<\/p>\n<p>Flywire\u2019s key growth milestones this year include:<\/p>\n<ul type=\"disc\">\n<li>\n          <strong>Expanded client roster: <\/strong>Flywire adds 16 health systems and hospitals to its growing roster, and also expands its footprint across new locations with 8 existing clients. Some of the leading health systems that use Flywire to power the patient financial experience include Edward Elmhurst, Common Spirit and Banner Health Systems.<\/li>\n<li>\n          <strong>Signed stra<\/strong><br \/>\n          <strong>tegic partnerships<\/strong>: Partnerships with some of the leading technology and healthcare providers create innovative approaches to delivering patient engagement and payments at scale. <u><a href=\"https:\/\/www.flywire.com\/news\/flywire-and-ivy-ai-deliver-free-covid-19-chatbot-to-frontline-healthcare-providers\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Flywire\u2019s partnership with Ivy.ai<\/a><\/u>\u00a0offers health systems a chatbot to answer patients\u2019 COVID-19 questions and concerns in real-time. Strategic partnerships with software providers <a href=\"https:\/\/www.accuregsoftware.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>AccuReg<\/u><\/a> and <a href=\"https:\/\/www.pmmconline.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>PMMC<\/u><\/a> enable health systems to deploy a patient engagement strategy for price transparency by providing accurate patient estimates.<\/li>\n<li>\n          <strong>Enhanced platform capabilities: <\/strong>Ongoing product innovation bolster Flywire\u2019s platform, including new <a href=\"https:\/\/www.flywire.com\/news\/flywire-improves-healthcare-patient-engagement-and-affordability-during-covid-19\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Single Sign-On and telehealth payments<\/u><\/a> for Epic users. Available on the Epic App Orchard, SSO enables patients to seamlessly access Flywire Services through MyChart and significantly improves the financial experience. Additionally, new pre-service payment plans give patients personalized payment options from a cost estimate before a visit. Flywire\u2019s new personalization tools help bridge the affordability gap, providing real insights into what patients can afford. <\/li>\n<\/ul>\n<p>Flywire is also announcing the appointment of healthcare industry veteran Jo Natauri, Managing Director and Global Head, Healthcare Investing within the Merchant Banking Division (MBD) of Goldman Sachs, to its Board of Directors. This appointment follows Flywire\u2019s Series E funding round, led by Goldman Sachs, which was announced concurrent with <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hyCrzWTIObDd8VJM6pPpPGCzdg2o8mL7QIf7dFvhUEvvkOZGdEHwZi6NLsoKJqrSQm7gnr5Io948S0kPvHgpxGV3hwQU18o11wTthVmlYXWJdlzqMTfQnwtw_0pEHLmF1r3iShTPOHNl2Vp2ZaB_BM3_87fx9gGPP-QsbrF0xG57i1YgRjXvyR6OpNj5nvRb\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Flywire&#8217;s acquisition of <\/u><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=coQUlAd2eg-az1CPb2eRpnqExwGs0nppk9c4uNqVnc8C0JVc9e5B1ha6nUiwXZLM6ZEhThrqvXLEJyPRB2YZB3YbiXUF7ZKkzmxFvZzV6STsQsY_0vyQpserPqUFBN6N2ZnHnCFUdQHWWeZUFhNMW478RsNr-GH6XlABkkkau7w=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Simplee<\/u><\/a>. Natauri\u2019s industry expertise and strategic vision will contribute to Flywire\u2019s record growth.<\/p>\n<p>\u201cFlywire is transforming the healthcare payments experience, making medical bills more affordable and driving better engagement between patient and provider,\u201d said Jo Natauri. \u201cIn a time when the industry is in critical need for innovative solutions to solve the affordability crisis in healthcare, Flywire is leading the market with its patient financial engagement platform. I\u2019m looking forward to working with the entire team at Flywire to continue to build on its impressive growth.\u201d<\/p>\n<p>\n        <u>Resources<\/u>\n      <\/p>\n<ul type=\"disc\">\n<li>To learn more about how Flywire is improving patient engagement visit <a href=\"http:\/\/health.flywire.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/health.flywire.com\/<\/u><\/a><\/li>\n<li>Join an upcoming conversation with Flywire customers Edward-Elmhurst Health, Dayton Children\u2019s Hospital, and Penn Highlands Healthcare to learn how they\u2019re preparing their revenue cycle strategies for 2021. The webinar will be held Thursday, December 10th, 2020 from 12:00 &#8211; 1:00 pm CT. <a href=\"https:\/\/go.beckershospitalreview.com\/unmasking-2021-how-3-companies-are-revamping-their-revenue-cycle-strategies?hs_preview=cLOCKUHl-37491831849\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Join Here<\/u><\/a><\/li>\n<\/ul>\n<p>\n        <strong>About Flywire<\/strong>\n      <\/p>\n<p>Flywire is a high-growth vertical payments company trusted by organizations around the world to deliver on their customers\u2019 most important moments. Unlike other companies, Flywire is proven to solve vertical-specific payment and receivables problems for organizations that deliver high-value services. Whether in education, healthcare, travel or technology, Flywire has vertical-specific insight and technology that allows organizations to optimize the payment experience for their customers while eliminating operational challenges. To date, Flywire has processed over $16 billion in total payments volume for over 2,000 clients around the world. The company is headquartered in Boston, USA and has offices around the world. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u5tHcHcDrvKLDarSqjhXn45aQAV5M6Pf1DucHqtlzG7vBqoTBdGifP_yQa_hLLYm2B4vM365JF4MxsoAB2nyeQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.f<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=36VGJnKog7NbJ2Fpl4iGgPd_jktu5Nm9Q4ljmmbmH3o7oU1GyM9_ZIxG5FnPMmstvrY-vz73-5mTax_Q2hotpw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">lywire.com<\/a>. Follow Flywire on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Sk3bhWfPwH-rOrKXcTov3jQC_40t714770iV7hCy0GQ9nAG9SkSnLUCk4tEIZj_C41pmZkKaiEDhx6l6ipwe8A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a>,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SVPgXLghA09pam12KVR_mDK6fYIqwz61IQxez7MbbFScbk9nUHK5mSM6GZV6K7nX5-R3SEEi5khnIQNsiZkiZFN4i5kc2qtUWitrpkwbCwc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a> and\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9bloe22_VFWH_Vvfy-2RrSAPamXq4WKrWKRpJPaJIoYYLT6H2gBhQ-Ln2OROYxiMDsLIDGDGdpPx-z9XCtxYAw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a>.<\/p>\n<p>\n        <u>Media Contacts<\/u>\n      <\/p>\n<p>Sarah King<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=j4sivb6ZZ80tiEOnKKsYOvOMoA-_Zhlgv8fXBIpDtkUqVOIGqSkgEIArbxaNstKyvqdJ0C0AgNAhdxDGEtzT1zJksEdw68UP-Hlaz9TB_PM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Sarah.King@Flywire.com<\/a><\/p>\n<p>Prosek Partners<br \/><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dCHoNJvFrvLWoErDO7mw_T3ahlL76ApPRz9fG_LfPYSUTVmKc3-vXqbXg-YfeGXeUxSvZbSR6PlZH3stL3JThHXgE0vIowcYT_HQbB5pV7U=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">pro-flywire@prosek.com<\/a><\/u><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODA0OSMzODYwMDI1IzIwMjk0OTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/3d809cbd-4a35-4273-82f3-7b3f244fcec3\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Flywire powers more than 50 leading U.S. hospitals and health systems Processes $14 B in patient transactions, representing more than \u2153 of U.S. households Appoints Jo Natauri , global head of healthcare investing at Goldman Sachs Merchant Banking Division, to Board of Directors BOSTON, Dec. 08, 2020 (GLOBE NEWSWIRE) &#8212; Flywire, a high-growth software and payments company, today announced record growth for its healthcare business. Ongoing enhancements to its digital engagement and payments platform, including new capabilities that make it easier for providers to personalize the patient payment experience, led to a record number of new client wins and strategic partnerships. To date, more than 50 leading U.S. health systems and hospitals use Flywire to make paying for healthcare digital, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flywire-reports-record-growth-for-digital-healthcare-payments-platform\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Flywire Reports Record Growth for Digital Healthcare Payments Platform&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-395289","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Flywire Reports Record Growth for Digital Healthcare Payments Platform - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flywire-reports-record-growth-for-digital-healthcare-payments-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flywire Reports Record Growth for Digital Healthcare Payments Platform - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Flywire powers more than 50 leading U.S. hospitals and health systems Processes $14 B in patient transactions, representing more than \u2153 of U.S. households Appoints Jo Natauri , global head of healthcare investing at Goldman Sachs Merchant Banking Division, to Board of Directors BOSTON, Dec. 08, 2020 (GLOBE NEWSWIRE) &#8212; Flywire, a high-growth software and payments company, today announced record growth for its healthcare business. Ongoing enhancements to its digital engagement and payments platform, including new capabilities that make it easier for providers to personalize the patient payment experience, led to a record number of new client wins and strategic partnerships. 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Ongoing enhancements to its digital engagement and payments platform, including new capabilities that make it easier for providers to personalize the patient payment experience, led to a record number of new client wins and strategic partnerships. 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