mPay Gateway Announces OB/Gyn Associates as Latest Client
mPay Gateway, a Minneapolis, MN company specializing in point of care patient payments, announced today that Minneapolis/St. Paul, MN- area Obstetrics & Gynecology Associates will implement the mPay Gateway solution. Obstetrics & Gynecology Associates is an 18-provider practice serving the Twin Cities area. The practice currently serves an average of 250 patients a day across its four locations.
Minneapolis (PRWEB) April 8, 2008 -- mPay Gateway, a Minneapolis, MN company specializing in point of care patient payments, announced today that Minneapolis/St. Paul, MN- area Obstetrics & Gynecology Associates will implement the mPay Gateway solution.
Obstetrics & Gynecology Associates is an 18-provider practice serving the Twin Cities area. The practice currently serves an average of 250 patients a day across its four locations.
"We are pleased that the physicians and staff at Ob/Gyn Associates saw the value of our mPay Gateway solution," said John Wallace, Senior Vice President for mPay Gateway. "Insurance coverage is changing and today patients are responsible for an increasing portion of their medical bill. OB/Gyn Associates saw our offering as a much needed tool for facilitating patient collections."
"We believe using mPay Gateway will be a win-win for us and our patients," said Sandra D. Kamin, Administrator for Obstetrics & Gynecology Associates. "It will allow us to quickly inform patients of what they owe at the time of service and will provide us with improved collection tools. We see this as the next step in technology because our patients are already paying more of their bills online instead of from traditional paper statements."
mPay Gateway delivers web-based software that facilitates point of care electronic patient payments to health care providers. The company's unique approach enables providers to obtain patient payments while the patient is still at their facility, thus reducing bad debt exposure and the need for post-service billing and collection.
"The mPay Gateway product will increase the transparency of medical expenses for our patients," said Kamin. "Previously, both patients and providers have been reluctant to discuss health care costs. Because you can immediately estimate what patients owe, the system takes health care cost issues out of the closet and empowers patients to make more informed decisions about their care."
The average physician practice in the US today writes off fifty cents of every dollar billed to patients after the patient leaves the office due to inefficient collection processes and confusing insurance plans. The mPay Gateway product simplifies the patient-provider encounter and enables the provider to collect from the patient when the services are rendered, thus reducing bad debt exposure and the need for post-service billing and collection.
About mPay Gateway
mPay Gateway provides health care facilities a virtual POS terminal for accepting credit and debit cards for patient co-payments and other known charges. Providers are able to quickly process an authorization amount based on a system-estimated patient liability estimate. Much like the process in the rental car and hotel environment where the customer's card is not charged until after the customer leaves, the mPay Gateway system allows the provider to hold the authorization until the third-party payer has submitted a final remittance advice to the provider.
mPay Gateway was formed in January 2004 by former executives of eBenX (a pioneer in technology to support transactions between health plan sponsors and payers) to develop financial technology solutions addressing the complex payment requirements unique to the health care environment. mPay Gateway's integrated and comprehensive management software is distributed to physicians, hospitals, and other healthcare providers through financial services companies and healthcare information software and support providers.
For more information please visit www.mpaygateway.com.
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