Increase on-time payments with proper healthcare payment processing

Partnership continues REPAY’s healthcare expansion with full-service accounts receivable management solutions.

Collection agencies are an integral part of the economy. The ability to collect on outstanding debts is something that many people cannot do, and as a result, they often turn to third-party companies for help. IVR payments are an excellent way to ensure that you get paid on time every single time. If you want more information about how these collections can be made easier with a payment processor, then continue reading today!

One of the fastest-growing revenue sources for healthcare providers is patient payments. At the same time, modern technology is making all consumers in our society grow accustomed to more convenient modes of payment. The combination of these two trends clarifies the path forward: providers that want to provide excellent care, satisfy their patients, and maximize revenue must find ways to improve the patient payment experience.

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When looking for an outside payment provider, it makes sense to look inside your organization…at your core system.

For hospitals in the modern digital era, revenue cycle management presents a huge set of challenges. The nature of the healthcare industry gives rise to many difficulties for providers in terms of billing, receiving payment, and accounting. And the unique issues surrounding the COVID-19 pandemic have made these challenges even greater.

In an increasingly online and digital world, cybersecurity is a top concern in the healthcare industry. The COVID-19 pandemic has accelerated the move to technological solutions for healthcare providers. Unfortunately, this shift has increased the opportunities for cybercrime, with a recent report finding that cyberattacks on healthcare doubled in 2020.