#United States #Chicago #MedTech #TrustCommerce #Cloud Payments

TrustCommerce Wins Prestigious MedTech Breakthrough Award for Healthcare Payment Innovation

TrustCommerce®, a leader in healthcare financial technology and a subsidiary of Sphere, is celebrating a significant achievement after being honored with the "Healthcare Payments Innovation Award" during the annual MedTech Breakthrough Awards. This award recognizes the company’s groundbreaking Cloud Payments solution—a cutting-edge approach to secure healthcare payments designed to meet the increased digital expectations of patients and providers alike.

As healthcare continues to evolve, so do the payment processes that accompany it. TrustCommerce's Cloud Payments solution stands out due to its innovative validated point-to-point encryption (vP2PE) capabilities, along with support for EMV and NFC transactions. This multifaceted approach not only boosts security but is also easy to implement, making it highly appealing for healthcare providers looking to enhance their financial workflows. By integrating seamlessly with leading electronic health record (EHR) systems like Epic, TrustCommerce is transforming the patient financial experience while ensuring compliance with the highest security standards.

John Welch, Chief Product Officer at TrustCommerce, expressed pride in receiving the award: "We focus on making payments more convenient for patients and more efficient for providers—a dual benefit inspired by technological advancements in the retail sector. Our recognition from MedTech Breakthrough illustrates the potential of simplified healthcare payments in enriching patient experiences."

The MedTech Breakthrough Awards, which span multiple categories within health technology, examine various areas including Telehealth, Patient Engagement, and Medical Devices, to honor those making significant strides in the medical technology landscape. This year, the program saw a significant number of nominations from organizations across more than 18 countries, highlighting the increasing importance of digital innovations in health care.

MedTech Breakthrough’s managing director, Steve Johansson, praised the Cloud Payments solution: "This platform delivers a streamlined, secure payment process tailored for today’s healthcare providers and their patients. The contemporary expectations of patients are evolving fast, similar to digital trends in retail, and Cloud Payments effectively meets those demands. By bridging modern payment technologies with healthcare requirements, TrustCommerce empowers providers to tackle administrative challenges while keeping their focus on patient care."

For healthcare providers, the implications of adopting TrustCommerce's Cloud Payments are profound. The solution reduces administrative burdens and addresses the fragmented workflow often seen in healthcare payments. Providers can now allocate more time and resources to delivering quality care, something that is essential in today's fast-paced healthcare environment.

TrustCommerce is committed to enhancing the experience for both patients and providers. As a trusted name among the largest health systems in the United States, they continue to innovate in integrated payment systems, ensuring secure and compliant transactions that facilitate smoother payment processes. Their platform not only improves payment collection efficiency but is also built on a foundation of security to protect sensitive patient data.

In summary, the recognition from the MedTech Breakthrough Awards underscores TrustCommerce's dedication to redefining healthcare payment processes through advanced technology solutions. As the industry continues to evolve, solutions like Cloud Payments play an instrumental role in shaping a more efficient, patient-focused healthcare system.