MPay Gateway Adds Med-Pro as Latest Reseller
MPay Gateway, a Minneapolis, MN company specializing in point of care patient payments, announced today that Med-Pro, LLC of Indianapolis, IN is now marketing mPay Gateway's electronic patient payment solution. Med-Pro specializes in providing services and solutions for improving medical cash flow and reimbursement. As a reseller, Med-Pro is now offering mPay Gateway's web-based software for facilitating point of care electronic patient payments to health care providers.
Minneapolis, MN (PRWEB) April 24, 2008
mPay Gateway, a Minneapolis, MN company specializing in point of care patient payments, announced today that Med-Pro, LLC of Indianapolis, IN is now marketing mPay Gateway's electronic patient payment solution.
Med-Pro specializes in providing services and solutions for improving medical cash flow and reimbursement. As a reseller, Med-Pro is now offering mPay Gateway's web-based software for facilitating point of care electronic patient payments to health care providers. Currently MedPro provides A/R recovery and billing services to over 100 physicians. Another 50 practices nationwide have utilized MedPro's consulting services.
"Med-Pro is well-established in this industry and focused on addressing the business side of healthcare," said John Wallace, Senior Vice President for mPay Gateway. "They understand the increased financial pressures facing healthcare providers today and recognize that our solution compliments their existing offerings. We look forward to working together to improve physicians' cash flow."
"Collecting patient payments has traditionally been very time consuming for practices," said Thomas E. Walker, Chairman and CEO for Med-Pro. "As the financial burden of medical care continues to shift to patients, we believe practices need new tools for making it easier to collect patient payments while the patient is still in the office. The mPay Gateway solution reduces many of the administrative difficulties in the collection process."
MPay Gateway delivers web-based software that facilitates point of care electronic patient payments to health care providers. The company's unique approach enables providers to obtain patient payments while the patient is still at their facility, thus reducing bad debt exposure and the need for post-service billing and collection.
The average physician practice in the US today writes off fifty cents of every dollar billed to patients after the patient leaves the office due to inefficient collection processes and confusing insurance plans. The mPay Gateway product simplifies the patient-provider encounter and enables the provider to collect from the patient when the services are rendered, thus reducing bad debt exposure and the need for post-service billing and collection.
About mPay Gateway
MPay Gateway provides health care facilities a virtual POS terminal for accepting credit and debit cards for patient co-payments and other known charges. Providers are able to quickly process an authorization amount based on a system-estimated patient liability estimate. Much like the process in the rental car and hotel environment where the customer's card is not charged until after the customer leaves, the mPay Gateway system allows the provider to hold the authorization until the third-party payer has submitted a final remittance advice to the provider.
MPay Gateway was formed in January 2004 by former executives of eBenX (a pioneer in technology to support transactions between health plan sponsors and payers) to develop financial technology solutions addressing the complex payment requirements unique to the health care environment. mPay Gateway's integrated and comprehensive management software is distributed to physicians, hospitals, and other healthcare providers through financial services companies and healthcare information software and support providers.
For more information please visit www. mpaygateway. com.
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