Navigation Links
Use of mPay Gateway Cuts Patient Receivables by 50%
Date:1/5/2009

mPay Gateway, a Minneapolis, MN company specializing in point of care patient payments announced today that a Minneapolis-area primary care clinic has reduced their patient-responsible accounts receivable by more than 50% after successfully implementing the mPay Gateway software. The four provider practice piloted the mPay Gateway solution with their largest commercial payer and noted this dramatic A/R reduction within 12 weeks.

Minneapolis, MN (PRWEB) December 17, 2008 -- mPay Gateway, a Minneapolis, MN company specializing in point of care patient payments, announced today that a Minneapolis-area primary care clinic has reduced their patient-responsible accounts receivable by more than 50% after successfully implementing the mPay Gateway software. The four provider practice piloted the mPay Gateway solution with their largest commercial payer and noted this dramatic A/R reduction within 12 weeks.

Eden Prairie, MN-based ConsentiaHealth provides management consulting services for the practice. "The results have been remarkable," says Steven J. Knutson, the ConsentialHealth partner who has worked closely with the group for several months. "While I knew the mPay Gateway approach would help, I would have never predicted the immediate success we have had with the mPay Gateway software. The overwhelming majority of patients are positive about the change and staff has been very receptive as well."

mPay Gateway delivers web-based software that facilitates point of care electronic patient payments to health care providers. The company's unique approach enables providers to obtain patient payments and authorization while the patient is still at their facility, thus reducing bad debt exposure and the need for post-service billing and collection.

"ConsentiaHealth's client was concerned with the rise in the patient-responsible portion of their A/R, as well as the rise in uncollectable accounts," says Brian K. Beutner, CEO of mPay Gateway. "The mPay Gateway software now allows the practice to calculate the patient's responsibly at the time of service, and secure payment while the patient is still in the office."

"In addition to decreasing the accounts receivable, the practice is now saving both hard and soft costs because they are mailing fewer statements," says Knutson. "Previously the staff would send each patient an average of two to three statements, which cost over $3 each to produce and mail. The simplicity of the mPay Gateway software makes it easy for the staff to talk to the patient about payment and fits nicely into the patient encounter workflow. Today the staff regularly hears patients express how happy they are to walk out of the practice knowing they have already addressed all their financial obligations."

A summary of the Case Study on the practice's use of mPay Gateway is available on mPay Gateway's website at: www.mpaygateway.com/docs/mPay Gateway Case Study Summary.pdf. The average physician practice in the US today writes off fifty cents of every dollar billed to patients after the patient leaves the office due to inefficient collection processes and confusing insurance plans. The mPay Gateway product simplifies the patient-provider encounter and enables the provider to begin collecting from the patient when the services are rendered, thus reducing bad debt exposure and the need for post-service billing and collection.

About mPay Gateway, Inc.:
mPay Gateway develops financial technology products and services to support health care's complex and unique payment environment. mPay Gateway empowers health care providers with a single source payment solution that enables collections from patients, regardless of the patient's third party payer affiliation. For more information, please visit www.mpaygateway.com.

About ConsentiaHealth, Inc.:
ConsentiaHealth is a consulting firm dedicated to building collaborative business relationships between providers, patients, and payers. The company offers the health care industry a variety of managed care and business services designed to advance strategic and operational performance. For more information, please call (952)-474-3994.

###

Read the full story at http://www.prweb.com/releases/mpaygateway/consentiahealth/prweb1762724.htm


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved  

Related medicine news :

1. Use of mPay Gateway Cuts Patient Receivables by 50%
2. Gateway Health Plan(R) Signs New Agreement with Cleveland Clinic Hospitals
3. Intestinal Gluten Receptor Is Gateway for Celiac Disease
4. Health Clubs Open Doors Free for 5th Annual Get Active America! Campaign, Taking a Stand on Prevention and Becoming Gateway to Healthy Living
5. Harris Corporation Awarded Contract to Develop National Health Information Exchange Gateway for Sharing Patient Records
6. Health Clubs Open Doors Free for 5th Annual Get Active America! Month and Become Gateway to Healthy Living
7. Paradigm Selects Jopari to Provide E-Billing Gateway for Customers
8. LifeScience Alley 2007: German Healthcare Market Offers Gateway to Europe
9. Gateway Health Plan Ranked Again Among Americas Best Health Plans According to U.S. News & World Report, NCQA
10. International Gateway Insurance Brokers Partners With MEDILINQ
11. New appropriate use criteria guide treatment of patients with heart blockage
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Use of mPay Gateway Cuts Patient Receivables by 50%
(Date:10/13/2017)... ... October 13, 2017 , ... Talented host, actor ... on sciatica in a new episode of "Success Files," which is an award-winning ... innovation and investigates each subject in-depth with passion and integrity. , Sciatica occurs ...
(Date:10/13/2017)... ... 2017 , ... “The Journey: From the Mountains to the Mission Field”: the ... in the Philippines. “The Journey: From the Mountains to the Mission Field” is the ... She has taught all ages and currently teaches a class of ladies at her ...
(Date:10/12/2017)... ... 12, 2017 , ... First Healthcare Compliance (FHC), an industry ... a range of technology and learning solutions at the 68th Annual American Healthcare ... be held October 14–18, 2017 at the Mandalay Bay Resort in Las Vegas, ...
(Date:10/12/2017)... New Orleans, LA (PRWEB) , ... October 12, 2017 , ... ... fitness centers in the U.S., announced today its plans to open a flagship location ... club will occupy the former Rooms To Go store next to Office Depot in ...
(Date:10/12/2017)... ... ... IsoComforter, Inc. ( https://isocomforter.com ), one of the Nation’s premier ... of the shoulder pad. The shoulder pad provides optimal support and full contact ... using cold therapy. By utilizing ice and water that is circulated from an insulated ...
Breaking Medicine News(10 mins):
(Date:9/13/2017)... 2017   OrthoAtlanta has been named the official ... Committee (AFHC) for the 2018 College Football Playoff (CFP) National ... Mercedes-Benz Stadium in Atlanta, Georgia . OrthoAtlanta ... In" campaign, participating in many activities leading up to, and ... ...
(Date:9/12/2017)... 12, 2017  Consumer reviews on the independent review site ... number one company for hearing aids, ranking it higher than ... ... by Consumers For Hearing Aids ... is an online store that provides high performance, state-of-the-art, German-engineered hearing ...
(Date:9/9/2017)... ... to Washington DC ... September 12 th – Monday, September 18 th .The Brain Tumor ... brain scans to the public.Where:  BTF,s Mobile MRI ... K Street NW, Washington, D.C.What:BTF brings its nationwide initiative, the Road to ...
Breaking Medicine Technology: