New partnership will give specialty practices the ability to conveniently process patient payments through a variety of channels.
(Little Rock, Arkansas – July 26, 2016) – MedEvolve, Inc., a national provider of specialty-specific practice management (PM), revenue cycle management (RCM), and electronic health record (EHR) software and services, announced today a new partnership with InstaMed, healthcare’s most trusted payments network for patient payment solutions. Now MedEvolve’s physician practice clients will have a multitude of payment channels to collect on their ever-increasing patient balances, including point of service, online, mobile, phone, interactive voice response (IVR), mail, bank bill pay, Apple Pay® or in person at 60,000 retail locations.
Healthcare providers are facing a number of challenges collecting the money that is owed to them in these times of increased patient financial responsibility. MedEvolve understands these challenges and is constantly exploring ways to help its clients collect on their patient balances faster, and to give their patients easy payment options. This new partnership with InstaMed will help MedEvolve’s clients expedite payment processing and provide additional means to collect.
InstaMed delivers payment technology, gateway and processing all on one platform. The company handles healthcare payment transactions from the time a patient initiates payment to when the funds are deposited into the practice’s bank account, and every step in between. Additionally, InstaMed offers multiple ways for providers to collect on patient balances, automate collections, create payment plans and allow patients to create digital wallets.
“We are excited to announce our partnership with InstaMed, which will give our clients the ability to securely and compliantly accept payments through a number of channels,” said Mike Schiller, President and CEO of MedEvolve. “The solution will integrate seamlessly with our Practice Management software and Revenue Cycle Management services to help our physician practice clients improve their patient collections efforts.”
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MedEvolve, Inc. has served the practice management, EHR and revenue cycle management needs of its clients for over 20 years. Today, the company serves over 600 specialty practices with more than 3,500 healthcare providers. MedEvolve enables practices to work faster and with more accuracy through practice management and EHR solutions that can be implemented on premises or in a software as a service (SaaS) model, resulting in a quicker payment process and overall improved patient and staff experiences. MedEvolve also provides outsourced revenue cycle management (RCM) and medical billing services, along with a unique Practice DNA consultative approach, to help clients anticipate and benefit from the changes that now define the healthcare industry. For more information, visit www.medevolve.com.
InstaMed is healthcare’s most trusted payments network, connecting providers, payers and patients on one platform. The InstaMed Network connects over two-thirds of the market and processes tens of billions of dollars in healthcare payments annually. InstaMed reduces the risks, costs and complexities of working with multiple payment vendors by delivering one platform for all forms of payment in healthcare, designed and developed on one code base and supported by one onshore team of experts in healthcare payments. InstaMed enables providers to collect more money from patients and payers and significantly reduce the costs and time to collect. InstaMed allows payers to cut settlement and disbursement costs with electronic payments and facilitate consumerism for their members. Visit InstaMed on the web at www.instamed.com.