ELECTRONIC PAYMENT SOLUTION
Offer a convenient payment solution for your patients' out of pocket costs. Competitive rates, no long term contracts or implementation fees!
Offer Your PatientsConvenient Payment Solutions
The Electonic Payments Platform was born out of necessity as the current bill pay experience, specifically in healthcare, is antiquated and difficult for patients to navigate. The goal of this solution is to make healthcare payments SIMPLE.
Believe it or not, approximately 60% of independent medical practices DO NOT offer their patients the ability to pay their medical bills online. This statistic is so important considering that 92% of patients prefer to pay their bills online.
This platform offers a myriad of services to medical practices, focused on simplifying the whole bill pay experience. All of the services are offered ‘a-la-carte’ so that each practice can customize the solution to best fit their needs.
Electronic Payments impact all aspects of the bill pay experience while consolidating ALL payments (online, point of sale, over the phone, virtual insurance reimbursements) into one convenient place.
Electronic Payments use a software platform that simplifies bill pay and helps medical practices reduce the friction patients' experience when trying to make payments. With a heavy focus on overall experience, this platform is built with the user in mind. We exist to make things SIMPLE.
Not only does it provide a vehicle to accept credit cards and ACH payments, it also has built in tools that allow providers to electronically request payments, contributing to a 23% increase in patient collections in the first 90 days.
The platform consolidates all payments into one convenient location – online, onsite with a physical terminal or with the easy to use web terminal to manually key in phone payments and virtual credit card insurance reimbursement. Reconciling with only one system dramatically reduces the amount of work for the administrators and staff of practices that adopt this payment system.
As an added bonus, patients' have the ability to create an account, allowing them to receive and pay future invoices with the click of a button. Driven from a personalized dashboard, patients can save multiple payment methods, view past payment history and even add family members, creating a family portal experience.
Practices see an average increase of 23% in patient collections in the first 90 days
Next day funding ensures money goes into your account faster
Reduce days in A/R by communicating with patients electronically using e-invoicing
What To Expect:
Consolidate all payments into ONE system
2.89% + $0.15 transparent pricing
No implementation fees, monthly minimums or long term contracts
Pay online or in your office
Improved communications and convenience for patients
Creates a positive payment experience
Easily access account information for taxation
How Do I Get Started?
Getting started is simple. You can find out more through your Practice Development Manager who will coordinate a call with the vendor.
Cut and Paste
Complete the required paperwork
Wait 3-5 days for application approval
Start processing payments and sending electronic invoices
Forms to be completed
Business associate agreement
Merchant ID application
Costs are 2.89% on each transaction and a fee of $0.15
No ongoing fees, contracts or implementation costs
PayGround’s mission is to simplify payments, this includes pricing as well. PayGround charges a flat rate of 2.89% (all inclusive) + $0.15 for credit card transactions and only 1% for all ACH transactions. There are no miscellaneous or hidden fees. PayGround also offers next day funding, paying their customers faster than many of the other processors in the market.
For an individual account, it only takes about 30 seconds and is FREE. Business accounts take between 3-5 business days once the application has been submitted.
No, there will be a custom branded payment page for your practice that is in a secure cloud environment. A dedicated URL will be given to each customer so that their patients can easily access their payment page.
Patient And PhysicianPerspectives
“PayGround allows me to track all my payments in one place. I can even track my medical expenses and export them come tax time."