Phoenix, AZ (PRWEB) September 27, 2013
CPNUSA.com, a nationwide credit card processing company headquartered in Phoenix, today presented money-saving tips for companies in the health insurance and medical care field. Under the Affordable Care Act, many insurance companies must now take prepaid debit cards for payment on premiums. Likewise, doctor’s offices are looking to reduce costs on payment processing for co-pays and costs not covered by insurance.
“Most medical practices have taken debit and credit cards for a number of years, but until now insurance providers billed via checks or automated withdrawals,” said Patrick Hare, Digital Marketing Manager at CPN. “Whether you’re getting a new merchant account or you already have one, it is possible to reduce transaction costs.”
CPN has put together the following tips for medical-care businesses that accept debit and credit cards:
Prepaid debit cards, now offered at places like Wal-Mart, can accept direct deposits from employers, Social Security, and state benefit plans. Because so many individuals do not have regular bank accounts, but have access to cards, ACA rules recently changed to allow payment through these channels. After October 1, 2013, many of these “un-banked” individuals will be able to buy partially-subsidized healthcare through exchanges and some insurance offices.
“Health insurance agencies and providers are discovering that prepaid debit card acceptance is now mandated, so they need affordable merchant accounts and equipment,” said Hare. “Meanwhile, doctors, dentists, psychiatrists, and substance abuse clinics all have an opportunity to cut processing costs. Under the Affordable Care Act, insurance plans and Medicare may be cutting reimbursements, but a merchant services review can put dollars back into your account.”
About CPN USA:
CPN USA is a merchant services company with representatives throughout the United States of America, with a number of clients in the medical, dental, psychiatric, and healthcare field. CPN offers full service credit card processing capabilities including terminal leasing and check acceptance. Additional services include payment gateways and merchant cash advance capabilities. For more information please call 1-800-750-7544 visit CPNUSA.com.