Discover Brings Innovative Payment Solutions to Healthcare Through Partnership With TYDEi
04 Ottobre 2022 - 1:00PM
Business Wire
Discover Global Network, the payments brand of Discover, will
facilitate payments for TYDEi’s new healthcare vendor management
system, thereby digitizing and streamlining payments in an industry
where 85 percent of healthcare purchasing is done manually via
paper checks. This partnership will contribute to improved
solutions addressing the nearly $40 billion in waste and
inefficiencies associated with healthcare invoicing.1
TYDEi’s solution offers an industry-first solution for hospitals
to connect with their suppliers. It reduces common frictions in
hospital purchasing by moving the procurement process to a
block-chain enabled platform that reduces costs and risks for
hospitals. The partnership with Discover Global Network will enable
TYDEi’s payments platform, offering hospitals a streamlined and
secure way to pay for and track payment for supplies. Currently,
Day Kimball Healthcare (Putnam, CT) and Lighthouse Surgery Center
(Hartford, CT) use the TYDEi platform.
“The healthcare payments sector is a trillion dollar market and
Discover’s entrance into this space continues to showcase how our
payment solutions can benefit many different industries,” said
Megan West, director of business development at Discover. “TYDEi is
offering an innovative solution and through our partnership is able
to provide a seamless payments experience for their customers.”
“This partnership represents an incredible leap forward in
healthcare payments by providing automation, digitization and a
trusted payment network in one platform,” said John Hatchell,
co-founder and CEO, TYDEi Health. “Our combined efforts have
generated the first payment solution truly crafted to benefit the
healthcare facility.”
“As a large ambulatory surgery center our purchasing, supply
chain, and inventory management is outdated and time-consuming,”
said Dr. Michael Joyce, CEO, Lighthouse Surgery Center. “TYDEi and
Discover Global Network are solving the right problem at the right
time. They allow us to streamline our system and improve our
productivity with the best payment platform in the healthcare
industry.”
Discover Global Network has more than 280 million cardholders,
more than 60 million merchant acceptance locations and 1.8 million
ATM and cash access locations. Discover Global Network includes
Discover Network, Diners Club International, PULSE and more than 25
alliance partner networks across the globe. The network supports
payments through unique payment solutions in industries such as
healthcare, transportation, higher education, government, insurance
and gaming.
About Discover
Discover Financial Services (NYSE: DFS) is a digital banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover® card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
loans, checking and savings accounts and certificates of deposit
through its banking business. It operates the Discover Global
Network® comprised of Discover Network, with millions of merchants
and cash access locations; PULSE®, one of the nation's leading
ATM/debit networks; and Diners Club International®, a global
payments network with acceptance around the world. For more
information, visit www.discover.com/company.
About TYDEi
TYDEi Health offers the most cost-effective and frictionless
vendor management platform on the market. With best-in-class
technology, TYDEi Health provides healthcare facilities and its
leaders full line of sight while delivering autonomous capabilities
with unmatched efficiency and accuracy. To learn more please visit
us at: tydei.io.
1 PINC AITM data, February 2021, Tech-Enabled and Paper Free:
Bringing Healthcare Purchasing into the… | Premier
(premierinc.com)
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version on businesswire.com: https://www.businesswire.com/news/home/20221004005259/en/
Sarah Grage Silberman Discover sarahgragesilberman@discover.com
+1-224-405-6029 @Discover_News General Media Inquiries TYDEi Health
info@tydei.io (860)519-4363 @tydeihealth
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