Navigation Links
PatientPay Announces New Patent for ‘Instant Integration for Installment Payments’ for Its Patient Payment Solution
Date:9/11/2019

PatientPay, the leading end-to-end patient payment solution focused on the complex financial challenges facing specialty healthcare, announces the issuance of a patent to reduce the level of effort a medical group must perform to set up an integrated payment plan for both time-of-service and post visit patient statements.

At the core of “Instant Integration for Installment Payments” is US Patent No. 10,410,187, a business process that enables a quick, easy and reliable connection with any currently available medical group billing system. The process was developed and patented by PatientPay and is recognized as a significant advancement in the automation of healthcare practices in the United States. This patent is in addition to PatientPay’s three other patents 8,155,983, 8,204,764 and 8,214,233.

The Medical Group Management Association reports that the typical medical group sends, on average, 3.3 paper statements before payment is secured. PatientPay reduces the number of paper statements required to capture patient payments by providing electronic bills via text and email online. According to Cain Brothers, “Only 17 percent of consumers receive a medical bill electronically, despite over 70% preferring electronic statements.” This number is expected to grow with the ongoing increase in USPS postage rates.

“PatientPay’s patented integration capability is the latest example of our commitment to bring the healthcare transaction cost down by leveraging automation through the existing healthcare payment infrastructure,” said Tom Furr, PatientPay’s CEO. “With this technology we are eliminating the cost of manual back-end processing that’s required by other patient payment vendors.”

PatientPay is pleased to offer medical group billing vendors and revenue cycle management companies’ virtually instant access to our cost-effective service for their clients. PatientPay permits seamless patient payment data posting and offers a better payment experience for patients.

About PatientPay

PatientPay is the leading end-to-end patient payment solution focused on the complex financial challenges facing specialty healthcare. PatientPay partners with specialty care medical groups and revenue cycle management (RCM) companies to capture patient payments during every step of care. Consumers are becoming the largest buyer of healthcare in the United States, so specialty services such as labs, radiology and anesthesiology rely on PatientPay to get paid more, faster and drive down the cost to collect. PatientPay drives a dramatic increase in patient payments through statements that align with patient Explanation of Benefits (EOB), flexible payment options, custom communications and a natural workflow for the billing staff. To learn more go to http://www.patientpay.com or call 888.730.9374.

PatientPay and the PatientPay logo are registered trademarks or service marks of PatientPay. Other marks belong to their respective owners.

Read the full story at https://www.prweb.com/releases/patientpay_announces_new_patent_for_instant_integration_for_installment_payments_for_its_patient_payment_solution/prweb16562603.htm.


'/>"/>
Source: PRWeb
Copyright©2019 Vocus, Inc.
All rights reserved


Related medicine news :

1. Dimensional Insight Announces Sponsorship of St. Jude Walk/Run Boston
2. The Orthodontist Center of NYC Announces New Pediatric Orthodontic Division
3. EDGE Sports Performance Announces Official Physical Therapy and Sports Medicine Partnership with ProRehab Louisville
4. Counterpointe Sustainable Real Estate Announces Seminar Designed to Help Assisted Living and Nursing Home Facilities Catch Up with Mandatory Generator Rule
5. Dr. Howard Levitt of Brookfield, CT Announces New Mobile-Friendly Website
6. La Belle vie Plastic Surgery Announces the Addition of Its First Satellite Office
7. WV Association of Optometric Physicians Announces Population Eye Health Initiative
8. AJG Packaging Announces Availability of Resealable Single-Dose Vials for a Myriad of Applications
9. Louisville Skating Academy Announces Official Physical Therapy and Sports Medicine Partnership
10. Professional Enrollment Concepts Announces Their Ranking on the Inc. 5000 List of Fastest Growing Private Companies for 2019
11. Cosmetic Town Announces the Best Hair Restoration Doctors in New York for 2019
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/15/2020)... ALTO, Calif. (PRWEB) , ... February 14, 2020 , ... ... unique webinar series - “BIG MONEY IN ABA”. The series explores the challenges, ... the next webinar in the series on March 25, 2020 at: https://bit.ly/2OU6lxg ...
(Date:2/14/2020)... ... 14, 2020 , ... Cloudticity announced today it has released ... for healthcare organizations using Amazon Web Services (AWS). , “Our customers want to ... do so,” explained Cloudticity Founder & CEO, Gerry Miller. “In service to our ...
(Date:2/13/2020)... Va. (PRWEB) , ... February 13, 2020 , ... ... with seven locations in Northern Virginia: Arlington, Dulles-Aldie, Fair Oaks, Fairfax, Fredericksburg, Leesburg, ... announce that eight D.C.- and Virginia-based fertility specialists have been named as Top ...
(Date:2/11/2020)... LAWRENCEVILLE, N.J. (PRWEB) , ... February 11, 2020 ... ... and medical affairs services and solutions, today announced its move to a new, ... its growing global customer base alongside significant expansion in the development of digital ...
(Date:2/10/2020)... ... , ... A January 26 article on Live Science reports on ... that – not unlike the skin’s response to dangerous conditions like extreme heat or ... to potential damage being done and warn the individual to escape the situation. Pasadena-based ...
Breaking Medicine News(10 mins):
(Date:2/14/2020)... ... 14, 2020 , ... ESO , the leading data ... announced Dr. Daniel Kraft – Faculty Chair for Medicine at Singularity University, as ... three keynote presentations at Wave 2020 , ESO’s data, research and technology ...
(Date:2/14/2020)... (PRWEB) , ... February 14, 2020 , ... Group ... cutting-edge dental practice that conveniently offers a complete range of dental services under one ... Top Patient Rated Dentist by Find Local Doctors . Find Local Doctors is ...
(Date:2/13/2020)... ... 2020 , ... Achieve TMS Center of Alaska, part of ... is joining our team starting February 18, 2020. , Dr. Gee is a ... and psychodynamic therapy. Her extensive medical experience covers many areas of psychiatry, including ...
Breaking Medicine Technology: