Mastercard unveils healthcare payments and digital security product suite
Mastercard said it launched a suite of healthcare products, called Mastercard Healthcare Solutions, designed to help healthcare companies reduce fraud, waste and abuse, increase data security and increase revenue collection.
"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," Raja Rajammanar, chief marketing and communications officer and president, healthcare at Mastercard, said in the press release. "Our solutions range from helping payers detect and reduce fraud, waste and abuse to offering tools to providers to help improve patient receivables."
The product line includes the following:
The Mastercard Test and Learn platform will use predictive analysis to help optimize billing and segment patients based on payment burden and patient behaviors.
Mastercard will use artificial intelligence and machine learning to combat fraud, waste and abuse to detect suspicious claims activity.
Mastercard will also use biometrics and behavioral analytics to help detect cyber threats, authenticate patients, authenticate mobile access to HSA accounts and secure other aspects of patient data and payment systems.
Cover image: Mastercard.