Accept Patients Paying with Credit Cards and Qualify for Meaningful Use Measures Under the American Recovery and Reinvestment Act (ARRA)
“Outstanding patient balances are measured in hundreds of thousands of dollars,” says Dr. Eldad De-Medonsa, President of Billing Dynamix, LLC, which uses the integrated Vericle and Fortis platform to manage its entire practice billing and patient lifecycle workflow. “Patients paying with credit card can reduce that unpaid balance, but without meeting Payment Card Industry (PCI) data security compliance standards, a provider risks thousands of dollars in penalties. Additionally, if your office staff processes your patient credit cards manually, even a couple of minutes per patient adds up to hours away from patient care, let alone added exposure to human errors. Declined credit card charges reach almost eight percent of total charges, which, using a manual process, are easy to miss and leave unpaid.”
According to Timothy Nafso, executive vice president for Fortis, the volume of patients paying with credit cards continues to grow. “We wanted to find a way to offer PCI-compliant services in the most convenient way for both patients and practice managers, perfectly matching practice operation workflow - all at a competitive price,” says Nafso. “The new ONC HIT interoperability standards drive synergies between Fortis and Vericle. Our integrated online credit card payment service helps practice owners manage their offices more efficiently, improving their bottom line and their chances to survive as independent healthcare practitioners.”
“Fortis delights our practice owners in three ways: better payment convenience, strict compliance with data security standards, and lower processing costs,” says Erez Lirov, CTO for Vericle and a patent owner for computer security. “First, patients paying with credit cards can receive and pay their statements online. Second, practice owners now meet Payment Card Industry (PCI) data security compliance standards. Finally, practice owners reduce processing fees on payments for both patient care and Point of Sale (POS) products. Our partnership with Fortis supports our mission to provide the most innovative healthcare technology solutions to our national base of independent healthcare practice owners.”
According to Lirov, Vericle 4.0 has received the ONC HIT 2014 Edition Complete EHR certification, which designates that the software is capable of supporting eligible providers with Stage 1 and Stage 2 Meaningful Use measures required to qualify for funding under ARRA. The Stage 2 certification requires not only that the system have enhanced clinical practice management capabilities, but also improved interoperability with other systems and users. “For example, providers can now communicate with patients and other providers using a secure messaging system. Vericle can also electronically accept lab reports and automatically integrate these reports into the patient’s record. Further, Vericle’s new reconciliation system can pull information from uploaded files and convert it to data about allergies, medications, and problems (diagnoses),” says Lirov. “We are pleased to offer our clients seamless access to Fortis services. If you sell any kind of service or software to healthcare providers and it is integrated with Vericle, you can offer your clients both support for Meaningful Use measures required to qualify for funding under the ARRA and convenient access to a broad gamut of best-of-breed complementary software.”
About Fortis Payment Systems, LLC
Fortis Payments Systems is a national full service merchant services provider. Fortis offers payment processing solutions to all types of business throughout the United States. By leveraging the processing systems of the largest banks in the nation, Fortis uniquely combines personal business focus with leading-edge technology, low service rates and regulatory compliance, resulting in an unparalleled customer satisfaction. A combination of people and technology works continuously to deliver a service package that is convenient, accessible and cutting edge. More information about integration of Fortis Payment Systems with Vericle practice management system is available in this webinar - http://bestptbilling.com/physical-therapy-patient-credit-card-processing/. Visit http://www.fortispayments.com for more information.
About Vericle, Inc
Vericle is the premier healthcare enterprise management software platform that powers medical billing companies, practice owner coaching and compliance services, and independent healthcare practices. It manages patient flow, cash flow, and compliance using single metric management. It includes business workflow management, electronic health records, billing, and scheduling using a streamlined, intuitive interface. Vericle is sold directly to billing companies and practice coaching and compliance services as well as through exclusive partnerships with relevant software companies, including Patent Relationship Management, Patient Education, Credit Card processing, and EHR. Vericle has received 2014 COMPLETE EHR ONC Certification, which designates that the software is capable of supporting providers with Stage 2 meaningful use measures required to qualify for funding under the American Recovery and Reinvestment Act (ARRA). Visit http://www.vericle.net and http://www.medical-billing-blog.com for more information.
About Billing Dynamix, LLC
Billing Dynamix provides Physical Therapists with bestPT- a comprehensive cloud-based Practice Management system that includes intuitive EMR, effective billing, scheduling, and powerful yet simple workflow management. Save documentation time and keep legible and compliant documents. Automate claims and leverage over 2.5 million coding rules spanning 2,500 practice-years of experience. Reduce administrative overhead and foster staff teamwork. bestPT is the ONLY PT clinic solution that reduces administrative time by 70% compared to industry averages – GUARANTEED. Complete practice management consulting and a rich array of integrated products and services round out bestPT product and service packages. Register for a private Demo+, and review our industry-leading guarantee at http://bestptbilling.com/
About ONC Certification
The ONC Certified Health Information Technology (HIT) program tests and certifies that HIT is capable of meeting the 2014 Edition criteria approved by the Secretary of Health and Human Services (HHS). The certifications include Complete EHRs, which meet all of the 2014 Edition criteria for either eligible provider or hospital technology and EHR Modules, which meet one or more — but not all — of the criteria.
Barbara Hirsch, Vericle, Inc, http://www.vericle.net, +1 800-390-9770, [email protected]
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