Alpharetta, GA (PRWEB) April 19, 2016
Improving the patient experience is one of the most important strategic priorities for many healthcare providers, but billing processes and procedures are often overlooked.
Effectively managing patient accounts receivable and generating cash flow are critical to operating a profitable medical practice. However, with the proliferation of new health plans and the addition of millions of Americans to the insured rolls, being able to communicate patient responsibility quickly and simply has become a challenging task. Add to this the proliferation of high deductible plans and both Provider and Patient can become increasingly frustrated.
Changing the culture at a strategic level, to become more patient-centric, is tough, but the transformation is vital to frame the patient experience as an integral and equal part of increasing patient collections. It’s clear that success requires transparency and education on what patients owe and why, speed in providing this information at the point of service and the flexibility of offering multiple ways for patients to pay.
The MX Medical product suite is a robust medical solution that transforms patient pay workflows to improve overall practice profitability by streamlining patient registration, providing clarity on medical costs and delivering a simple and secure process to handle payments - at the time of service and beyond.
“This software empowers a medical practice to efficiently educate patients on the cost of service, and provides a simple back office solution for accepting and tracking payments and invoices,” said Afshin Yazdian, President of Priority Payment Systems. “As medical offices’ reliance on patient payments continues to grow,” Yazdian adds, “MX Medical is the solution they need to manage and track these payments and generate more cash flow.”
Real results are the bottom line and MX Medical delivers patient collection rates as high as 93%, a reduction in dollars sent to collection of up to 50%, reduced statement expense of as much as 25%, and up to half as many accounts receivable days - all while successfully improving patient loyalty and satisfaction.
About Priority Payment Systems
Priority Payment Systems is a well-established high value partner to merchants and reselling partners nationwide. Priority is the 18th largest merchant processor in the United States (Nilson Report), processing more than $30 Billion in transactions for 165,000 plus merchants annually. A leading innovator in the electronic payments processing industry, Priority offers highly scalable and remarkably flexible payments technologies built to be exceptionally responsive to market needs. For more information about MX Medical or to learn more about Priority’s suite of payments products and services, please visit http://www.prioritypaymentsystems.com/product-details/mx-medical or call us at (844) 277-5855.