Embedded finance is a relatively new term that is used to describe the increasing trend of financial services being integrated into other software applications, like practice management software. This trend is having a major impact on small business operations, like healthcare practices.
One of the main reasons why embedded finance is having such a big impact on healthcare practices is because it is making financial services more accessible. In the past, small businesses like doctor offices would have to go to a bank or other financial institution in order to get a loan or make a payment. But now, they can do all of that within their own software application or PMS. This not only makes it easier for businesses to manage their finances, but it also creates an opportunity for vertical saas platforms.
Vertical saas platforms are applications that are specifically designed for a particular industry or sector. And because embedded finance is making it easier for businesses to access financial services, there is growing interest in vertical saas platforms for the healthcare sector. These platforms can provide businesses with everything from invoicing and billing services to payroll and HR solutions.
The impact of embedded finance on healthcare practices is still being felt, and it is likely that the trend will continue to grow in the years ahead. This means that there are plenty of opportunities for businesses in the healthcare sector who are looking to take advantage of embedded finance.