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Payers face escalating operating expenses, but the API Economy offers a modern solution. This model harnesses the power of APIs to enhance connectivity, improve interoperability, and drive digital transformation. Notably, APIs currently contribute 38% of organizations' revenue. This growth, fueled by digital transformation and cloud applications, enables scalability and revenue generation.
Health plans are effectively utilizing APIs to elevate member experiences, control costs, and guide informed healthcare spending. Collaborating through APIs enhances these aspects, fostering transparency and seamless data integration for advanced resource and technology channels.