Thanks to recent healthcare reforms, many patients now have high deductibles to meet before their insurance policies will cover the cost of care. As a result, a larger portion of your practice's bills will be paid by patients, as opposed to insurance companies.
Collecting payments upfront is one of the best ways to ensure that patients pay their bills in a timely fashion. When you collect patient payments in advance, your cash flow improves. Payments made at the time of service also reduce accounts receivable and bad debts. Increase the likelihood of receiving upfront payments by offering patients multiple payment options, such as credit cards.
Credit Card Consulting from Practice Provider
Practice Provider makes it easy for your practice to accept credit cards. From establishing merchant accounts to selecting and installing equipment, we can help with every step in the process.
With Practice Provider's credit card solutions, you can configure account settings, view statements and download reports at any time. If more than one person will be logging into the system, you also have the ability to set up multiple user accounts with distinct permissions that control account access.
Other benefits of Practice Provider credit card services include:
- Flexible payment methods are available
- System is safe and secure (PCI-DSS compliant)
- Funds are deposited directly into your bank account
- All major credit cards are accepted, including Visa®, MasterCard®, American Express®, Discover®, Diner's Club, JCB
With patients responsible for a larger portion of medical costs, efficient payment collection is more important than ever. The more payment options you offer, the more likely patients are to pay at the time of service. Add credit card processing to your practice with the help of Practice Provider.