Thursday, March 12, 2009

The Case for Medical Banking

By Mark Brousseau

The healthcare industry could eliminate some $30 to $50 billion a year in cost if it could find a more efficient way to process information, Robert Broadway, vice president, Bethesda Healthcare System in Boynton Beach, FL, said today during a presentation at the Seventh National Medical Banking Institute in Nashville, TN. And Broadway thinks medical banking is key to achieving these savings.

“Banks are in a unique position to help hospitals like us,” Broadway told the crowd of 100 attendees. “It is something that should happen. Will it happen? I believe that it will. Our institution is looking to the banking industry to see how we can partner on real tools to benefit for our mutual benefit.”

He added that, “the banking platform is universally accepted, it has earned great trust and confidence, and it has a strong emphasis on security.” What do you think? Post your comments below.

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