iPatientCare, Inc., a pioneer in mHealth, cloud-based ambulatory EHR and integrated practice management solutions, is integrating PatientPay’s innovative healthcare billing solutions with iPatientCare Application.
PatientPay eliminates the costly and complicated paper-based billing method used by the overwhelming majority of healthcare providers and drives down the expense and drives up the productivity associated with this activity by as much as $4.00 per payment collected. Since PatientPay cuts in half the time to payment it takes with paper statements, healthcare professionals realize improved cash flow and reduced accounts receivables.
PatientPay is available now to all users of iPatientCare’s solutions. Implementation does not require involvement by IT professionals or any interruption to a practice’s daily operations. Since it is embedded into the iPatientCare software, PatientPay does not require business office personnel to learn new procedures.
HDHPs put much more of the payment responsibility in the hands of healthcare consumers covered such plans. As a result, McKinsey, the management consultancy, suggests bad debt levels from insured patients can rise more than 30 percent per year among healthcare providers.
About iPatientCare, Inc.
NJ-based iPatientCare product suite includes Electronic Health/Medical Record and integrated Practice Management/Billing System, Patient Portal/PHR, Health Information Exchange (HIE), and Mobile Point-of-Care Solutions for both Ambulatory and Acute/Sub-acute market segments.
NC-based PatientPay is a patented, web-based service for physician groups, hospitals and their patients to process and manage bills and balances. It changes a complicated and expensive process to collect payments within days versus months, at a savings of up to $4.00 per payment compared to traditional paper-based payments and online portals.
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