I am convinced that we are offering a solution that healthcare providers need, especially as consumerism continues to shift costs of health care to the patient. The mPay Gateway solution represents a significant opportunity for providers to collect quickly and efficiently from patients at the time services are delivered.
Minneapolis, MN (PRWEB) March 31, 2008
mPay Gateway, a Minneapolis, MN company specializing in point of care patient payments, today announced the appointment of John Wallace as Senior Vice President in charge of leading and expanding mPay Gateway's continued sales growth.
In his new role, Wallace will be responsible for business development and distribution of product and services throughout North America. Currently 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.
"As healthcare providers continue to demand tools to facilitate the complicated consumer payment process, demand for mPay Gateway's healthcare-specific technology has grown," said Brian K. Beutner, mPay Gateway's chief executive officer. "We will be relying on John to further expand our business development, distribution and sales strategies to accelerate our company's rapid growth."
Wallace joins mPay Gateway following 15 years experience in sales, sales leadership and general management in the practice management and electronic medical record software industry. Wallace comes to mPay Gateway from IDEXX Laboratories where he served as general manager and division vice president and was responsible for the computer systems business unit global growth strategies and operations. Prior to that, Wallace was vice president of sales for Misys Healthcare Systems where he managed product and service sales to new and existing clients in the ambulatory physician marketplace. At Misys he also introduced a channel partner program that dramatically expanded that company's reach into the marketplace.
"I am thrilled to be part of the mPay Gateway team," said Wallace. "I am convinced that we are offering a solution that healthcare providers need, especially as consumerism continues to shift costs of health care to the patient. The mPay Gateway solution represents a significant opportunity for providers to collect quickly and efficiently from patients at the time services are delivered."
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 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. mPay Gateway's product simplifies the patient-provider encounter and enables the provider to collect from the patient when the services are rendered.
mPay Gateway provides a virtual POS terminal for accepting credit and debit cards for patient co-payments and other known charges. Additionally it allows the provider to run an authorization amount based on a patient liability estimate produced off of the system. Much like 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 provider has a final remittance advice from the third-party payer.
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. For more information please visit http://www.mpaygateway.com.