Companies join forces to bring more electronic payments to medical providers
Feb 27, 2013 Philip Burgess
Healthcare billing company PatientPay has partnered with Healthpac Computer Systems to improve the flow of electronic patient billing for healthcare organizations and doctor's offices.
The collaborative effort will include PatientPay's online billing service into Healthpac's medical office management software. The move is expected to increase medical practitioners' cash flow and improve debt collection of accounts receivable.
PatientPay maintains the shift from paper-based billing to electronic systems cuts the expense and time to regulate payments by as much as 50 percent.
"PatientPay extends the efficiency of Healthpac's practice management software by bringing the speed, ease and accuracy of automation to patient balance management that for too long has been bogged down by antiquated methods, specifically paper billing, slow collections and manual reconciliation," said Buddy Claborn, Healthpac's founder and CEO.
The link between the two companies is part of PatientPay's Partnership Program, which integrates its service with healthcare practice management software from other companies. The program is intended to minimize the transition that clients need to make in order to integrate PatientPay into their financial transactions.
In addition to doctor's offices, healthcare clients that are likely to use the service include laboratories, radiology imaging centers, medical centers and healthcare billing companies.