Patient Payment Solutions Announces Medical Credit Alternative Using Automated Electronic Payment
Posted May 23 2013 8:55am
1888 PressRelease - Patient Payment Solutions, LLC service allows healthcare providers to make their care more affordable, increase patient acceptance rate, decrease bad debt and improve patient satisfaction using automated electronic payment.
Anchorage, AK - Patient Payment Solutions, LLC, a provider of automated electronic payment solutions for healthcare providers, presents an updated version of their Auto-Finance Terminal, a HIPAA and PCI compliant web-based software that enables chiropractors, dentists and other providers to offer flexible payment options to patients. There are also no credit checks as an alternative to traditional medical credit cards.
Financing care for medically related treatment is becoming increasingly prevalent due to higher patient out-of-pocket expenses. Trends demonstrate rising insurance premiums, along with increasing deductibles, co-pays and co-insurance. Case acceptance has become a challenge and payment solutions are needed to strengthen the financial health of provider organizations.
Patient Payment Solutions' AFT ™ system allows providers to increase patient conversion rates by eliminating the financial obstacles for patients. Patients whom would otherwise not initiate medical care due to financial concerns are now able to receive the treatments they need. The auto-finance system from Patient Payment Solutions allows patients to pay weekly or monthly, rather than one large lump sum payment prior to treatment, making financing care easy.
With the AFT ™ system providers can safely, securely and automatically collect payments, while offering patients the convenience of making payments using a number of payment methods, such as eCheck / ACH, debit cards and credit cards.
Patient Payment Solutions, LLC auto-finance terminal allows providers to automate and streamline the collection of patient balances by removing the accounts receivable responsibilities from the staff and allows providers to focus on what they do best - provide first-rate, premium healthcare service. All account follow up and management, including late or default payments, are handled by the team of customer service representatives at Patient Payment Solutions, LLC. Third party account management ensures a higher-than-average collections rate, while also reducing the possibility of damaging the doctor-patient relationships.
Patient Payment Solutions, LLC also announces an updated website, which can be accessed at http://www.PatientPaymentSolutions.com