|Now healthcare providers can accept patient credit cards in an entirely new way using the EASY PAY software. The software replaces your current credit card terminal...and also stores signatures-on-file like hotel check-in when the patient pay amount is NOT known at the time of service.
Providers benefit from EASY PAY in many ways:
When the patient payment amount can finally be determined (usually after the EOB is received from the payor), the patient's credit card information is recalled and a payment is processed to the patient's credit card (similar to hotel check-out). The provider is paid quickly and without the cost of billing and collection.
EASY PAY can be used for a single patient visit, an entire treatment plan, or for all patient visits during a period of time you specify (such as a year). It is also useful for automating "installment-type" payments when you have to spread a patient's outstanding balance over a period of months.
EASY PAY is the easy way to get paid when you can't determine the patient payment amount at the time of service!
GETTING DOCTORS PAID...IS WHAT WE DO!
MGMA tells us, 50% of the patients that receive medical services just do not pay their bill. Of those patients that do pay, it typically takes 60-120 days after services have been rendered to receive payment. As insurance companies continue to move towards plans that place more of the financial burden associated to healthcare in the hands of their policy holders, it will only get worse. DrMedPay will alleviate the burdens associated with long Patient Account Receivables Collection cycles and rising bad debt.