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The new Retail solution from HealthPay24 saves providers money, time and reduces the possibility of human mistakes.
FREMONT, CA: With the debut of its new Retail solution, HealthPay24® has transformed healthcare payments by allowing providers to take payments for all retail and broad accounting healthcare transactions in a centralized platform. While considerably boosting cost efficiency, HealthPay24 Retail provides a transparent financial payment and reconciliation process. Reporting, payments, balance posts, and bill reconciliation will no longer require healthcare professionals to leap from system to system.
"With the release of the new Retail solution, our platform can provide a unified patient and retail payment experience that consumers and providers have been asking for – a single payment and reporting solution for all healthcare scenarios," says Fred Sheffield, Chief Revenue Officer at HealthPay24.
HealthPay24 now provides hospitals and healthcare professionals with a single system for collecting on all receivable accounts and other miscellaneous goods, such as deductibles, copays, and retail products such as therapy products, hearing aids, spa memberships, and many other miscellaneous goods.
The company is unique in that it provides a platform that allows healthcare providers to manage any consumer transaction, including payment processing, reporting, reconciliation, and posting to their patient billing or general ledger. The Retail tool, which is the first of its type in the healthcare field, allows users to create SKU products, product catalogs, order management, coupons, discounts, and sales tax calculations at point-of-sale.
HealthPay24 is a twenty-year veteran of the healthcare sector, providing an all-in-one consumer payment system to build trust with patients outside while running the business more efficiently on the inside.