Payment Processing
The Revenue Maximizer is a patient Payment Processing System. It allows you to tie the patient account, provider, location, department and claim ID to the payment transaction for easy reconciliation. You can also view payment activity for multiple locations on one system, from just one merchant account.
Using the special payment features such as Card on File and Schedule Payments, you can experience an increase in cash flow by capturing and storing a form of payment from your patients. In these uncertain economic times, collecting payments in a timely and efficient manner is more important than ever.
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The Revenue Maximizer offers these special healthcare-specific payment features:
Card on File:
Store a patient’s bank account or credit card information to collect a one-time payment or for future use against post-insurance balances. Card on File is convenient if you have patients who visit often, but do not want to write a check or give you a credit card every time they visit. With the system-generated authorization form, obtaining a patient’s approval for payment is fast and hassle-free.
Store patient information safely and securely for use in future payments.
Schedule Payments
In the event a patient cannot pay the total amount due at time of service, the Revenue Maximizer lets you split that amount into smaller payments that the patient can afford. This feature eliminates the need for sending bills and statements to your patients every week or month, and the patient authorization form speeds patient set up.
Set-up automated patient installment plans for larger balances to reduce monthly billing and collection tasks.
Comparison of Payment Processing Systems
The Revenue Maximizer, designed specifically for healthcare providers, has numerous advantages over a traditional point-of-sale terminal.