The U.S. health care payment system is evolving before our eyes. mPay Gateway is designed to address changes to the current health care environment.
- The growth of consumer-driven health care has added complexities to an already complicated health care system.
- The administrative burden on health care professionals is growing exponentially.
- Bad debt, along with spending on the processing of bills, claims, payments, and other transactions, has caused industry-wide losses of $300 billion per year.
mPay Gateway is specifically designed for this new health care environment, taking the proven retail payment process of other businesses and applying it to physicians and other health care professionals.
- It moves the backend process to the frontend and allows you to collect all payments (co-pays, deductibles, coinsurance, and non-covered expenses) from patients at the point of service.
- No software installation is necessary, and the online software can be set up quickly.
- It eliminates bad debt exposure and the expense of sending multiple statements to the patient long after the services have been provided.
- You receive the patient’s authorization to charge their payment card before they leave the office.
- This allows you to collect the exact amount a patient owes when you receive the provider remittance advice, and run only one transaction - the right one.
- Patients love the simplified process and will not have to worry about bills and charges after the visit.
- It’s cost effective – mPay Gateway does not get paid until you collect payment.
