Our combined solution will make the patient collection process part of the standard workflow using MedStar's software, and will not only speed up payments, but reduce bad debt expense.
Minneapolis, MN (PRWEB) August 27, 2008
mPay Gateway, a Minneapolis, MN company specializing in point of care patient payments, announced today that MedStar Systems, based in Fort Lauderdale, FL, will offer mPay Gateway's software with MedStar's Practice Management Software solution. In addition, Qualified Processing Services (QPS) of Boca Raton, FL will provide merchant processing services to MedStar clients. The combined offering provides MedStar's physician customers advanced tools for facilitating patient payments and increasing cash flow.
MedStar Systems develops, markets, and supports medical healthcare solutions, including practice management software and electronic medical records software (EMR). Their integrated medical practice solution provides comprehensive tools, including scheduling, patient management, billing, collections, and clinical documentation of patient encounters. Integrating the mPay Gateway software streamlines the calculation of patient responsible monies and automates patient collections.
"We are excited that over 1,000 physician providers currently using MedStar's software will soon be able to integrate the mPay Gateway solution directly into their software," said John Wallace, Senior Vice President for mPay Gateway. "Our combined solution will make the patient collection process part of the standard workflow using MedStar's software, and will not only speed up payments, but reduce bad debt expense."
"We're pleased to offer this innovative tool designed to improve finances for the practice," said Juan Carlos Valls, CEO of MedStar Systems. "mPay Gateway has a very unique solution for patient collections which is sure to improve our customer's collections."
mPay Gateway provides a web-based software to facilitate point of care electronic patient payments. The company's unique approach enables providers to obtain patient payments while the patient is still at their facility, thus reducing bad debt.
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. 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 http://www.mpaygateway.com.
About MedStar Systems
MedStar Systems markets, sells and supports the MedStar family of medical healthcare software solutions. MedStar's medical billing software and electronic healthcare software are integrated to form a complete medical office solution. MedStar Systems serves as the customer's single point of contact when they purchase and use the MedStar Medical Billing System and EMR.
For more information please visit http://www.medstarsystems.com.