Medical Banking: A Transformative Model for Global Health

World Hosp Health Serv. 2016;52(4):7-11.

Abstract

The convergence of technology, business processes, credit practices, and other resources within the nexus of healthcare and banking has yielded a new industry niche. This nascent market development was called "medical banking" by the author in 1996, who founded. The Medical Banking Project in 2001, now unified with the global HIMSS organization (2009). In this article, the author expands upon an earlier work (The Rise of the Bank Infomediary, Casillas, 2007) to suggest that banks and financial institutions, teamed with healthcare firms, are working on multiple commercial fronts to develop inter-organizational systems. The primary focus areas include privacy and security, revenue cycle improvement, "health-wealth" programs, and a new micro-insurance area that is classified as an "advanced community care platform."

MeSH terms

  • Financial Management, Hospital / organization & administration*
  • Global Health*
  • Humans
  • Models, Organizational*