Mastercard Inks Pact With HealthLock To Curb Medical Billing Errors, Overcharges
Portfolio Pulse from Nabaparna Bhattacharya
Mastercard has partnered with HealthLock to launch an online platform aimed at protecting consumers from healthcare fraud, overcharges, and medical billing errors. The platform will initially be available to U.S.-issued HSA and FSA Mastercard cards, with plans to expand later in the year.

May 22, 2023 | 5:20 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Mastercard partners with HealthLock to launch a platform aimed at protecting consumers from healthcare fraud and billing errors, initially available to U.S.-issued HSA and FSA Mastercard cards.
The partnership with HealthLock will provide Mastercard with a competitive edge in the healthcare payment space, potentially attracting more customers and increasing usage of their HSA and FSA cards. This could lead to increased revenue and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100