Industry SectorsMarketsFinetics Studio Interview – Evolution1 COO talks simplifying healthcare payments

Finetics Studio Interview - Evolution1 COO talks simplifying healthcare payments

During an interview in the Finetics™ Studio by The Bancorp at Money20/20 in Las Vegas, COO and president Chris Byrd talks about the role of prepaid, the state of payments in healthcare and what’s next for the industry.

Aiming to take the headache out of managing healthcare and benefits payments, is Evolution1. Based in Fargo and snapped up by Wex in 2014, the firm now powers 200,000 employer groups and now counts 17m consumers on its platform. It says it’s processed more than 150m transactions and facilitated “billions” of dollars in reimbursements.

During an interview in the Finetics™ Studio by The Bancorp at Money20/20 in Las Vegas, COO and president Chris Byrd talks about the role of prepaid, the state of payments in healthcare and what’s next for the industry.

“The reason I love this industry is that there is so much innovation and energy,” Byrd tells PaymentEye. “But the other thing that’s so exciting is the extent to which we’re simplifying the back office experience for health plan and benefit plan administrators. Electronic payments are so much more efficient than a paper claim where you have to cut a cheque or issue an EFT. We’re making the process better for employers and consumers.”

Chris Byrd

Access more insights on ‘B2B Payments Trends’ from Rene Lacerte and Steve Kirsch on The Bancorp’s Finetics blog.

Related Articles

10 weeks to PSD2 implementation: What you need to know

Banking 10 weeks to PSD2 implementation: What you need to know

2y Alex Hammond
Finetics Studio Interview – Token CEO & founder on the future of money movement

Banking Finetics Studio Interview – Token CEO & founder on the future of money movement

4y Sarah Gill
Finetics Studio Interview – Bill.com CEO & founder on solving pain of B2B payments

Banking Finetics Studio Interview – Bill.com CEO & founder on solving pain of B2B payments

4y Sarah Gill
Finetics Studio Interview – TIO Networks on connecting the dots between innovation and education in finance

Banking Finetics Studio Interview – TIO Networks on connecting the dots between innovation and education in finance

4y Sarah Gill
Finetics Studio Interview - Card.com CEO on smartphones and branchless banking

Banking Finetics Studio Interview - Card.com CEO on smartphones and branchless banking

4y Sarah Gill
Finetics Studio Interview – Aite Group Research Director Talks EMV & The Future Of Fraud

Banking Finetics Studio Interview – Aite Group Research Director Talks EMV & The Future Of Fraud

4y GTNews
The Bancorp interview - Bob Carr at Finetics™ Studio, Money20/20

Banking The Bancorp interview - Bob Carr at Finetics™ Studio, Money20/20

4y GTNews
The Bancorp interview - Anil Aggarwal at Finetics™ Studio, Money20/20

Banking The Bancorp interview - Anil Aggarwal at Finetics™ Studio, Money20/20

4y GTNews

Whitepapers & Resources

Transaction Banking Survey 2019

Transaction Banking Survey 2019

5m
TIS Sanction Screening Survey Report

Payments TIS Sanction Screening Survey Report

8m
Enhancing your strategic position: Digitalization in Treasury

Payments Enhancing your strategic position: Digitalization in Treasury

9m
Netting: An Immersive Guide to Global Reconciliation

Netting: An Immersive Guide to Global Reconciliation

1y