Utah's largest business networking organization shares its annual ranked list of the fastest growing companies in the state. SALT LAKE CITY, Oct. 2, 2024 /PRNewswire/ -- MountainWest Capital Network (MWCN) recognized Pure Healthcare who took the No. 1 spot at the 30th annual 2024 Utah 100 awards event. First presented in 1994, the Utah 100 is MWCN's yearly list of the fastest-growing companies in the state. "Pure Healthcare's patient-focused mission has been essential to their incredibly fast growth as more people benefit from affordable, quality care through its network of providers," said Chris Badger, chair of the MWCN Utah 100 committee

Weave has debuted a feature to help healthcare practices collect more outstanding balances.The experience platform for small and medium-sized medical practices has introduced Payment Reminders, a feature that lets clients turn payment invoices or text-to-pay requests into a “set-it-and-forget-it” collection campaign, the company said Tuesday (Aug. 27).“We’re very excited to introduce Payment Reminders to our payments product suite,” Branden Neish, Weave’s chief product and technology officer, said in a news release. “With 63% of patients preferring text payment options, Weave streamlines the process, saving offices time and effort each day.”According to the release, Payment Reminders automate payment requests after a Weave invoice or Text to Pay request is created, encouraging customers to pay their medical bills online. It follows the release of the company’s Payments Plan offering in February, and the launch of a platform for multi-location practices in June.The launch of these tools comes at a time when organizations in the healthcare sector are struggling to get paid. Research from PYMNTS Intelligence’s “Late Payments Across Verticals: The Good, the Bad and the Ugly,” found that for these organizations, the average wait time was 47 days.“The primary culprit driving these long remittance periods is the time it takes to process insurance claims,” PYMNTS wrote in May. “Those claims can be delayed due to an individual’s coverage, their financial and medical circumstances, the insurers’ approval processes and more

In an era where convenience is king, the healthcare sector remains shackled by outdated payment processes that jeopardize its financial stability. Despite the promise of digital solutions to enhance efficiency and patient experiences, the industry has been slow to adopt these innovations. A PYMNTS Intelligence Report, “Pains and Gains: Conquering Healthcare’s Payment Woes,” in collaboration with American Express, highlights critical inefficiencies in healthcare payments and reveals how digital transformation could provide much-needed relief. Payment Crisis in Healthcare