May 17, 2023 – Embedded banking and finance capabilities allow nonfinancial firms to conduct and power hyper-scalable financial activities, but traditional players in the healthcare market tend to be slower to adopt new financial technology. Healthcare firms, especially within the U.S., can benefit by incorporating innovative banking, payments, and wealth management services into their processes, providing critical services for end users and creating strong channels of healthcare-focused revenue for embedded products and services partners.

This report provides important information for bank and nonbank FIs, fintech vendors, consumer-directed health firms, health plans, and third-party administrators. It is based on qualitative and quantitative market research Aite-Novarica Group advisors performed from 2021 through 2023 and roundtable discussions with industry executives from FIs, healthcare providers, and fintech partners in December 2022.

Clients of Aite-Novarica Group’s Healthcare Payments service can download this report.

This report mentions Alegeus, Allianz, Bank of America, Collectly, Fidelity Investments, First Dollar, HSA Bank, IMG Global, InSync Healthcare, Medica,Optum, Rectangle Health, Total MD, VisitorsCoverage, and Wex Health.