mPay Gateway, a Minneapolis, MN company specializing in point of care patient payments, announced today that Informed Solutions of Chicago, IL is mPay Gateway's latest software reseller. Informed Solutions will initially focus their marketing and distribution efforts on physician practices in Illinois, Georgia, Florida, Massachusetts and California.
Minneapolis, MN (PRWEB) April 28, 2008 -- mPay Gateway, a Minneapolis, MN company specializing in point of care patient payments, announced today that Informed Solutions of Chicago, IL is mPay Gateway's latest software reseller. Informed Solutions will initially focus their marketing and distribution efforts on physician practices in Illinois, Georgia, Florida, Massachusetts and California.
Informed Solutions provides a wide variety of financial, technical, and operational services and consulting for medical practices. Currently Informed Solutions has offices in Chicago and Atlanta and will soon open a Southern California location.
"The principles at Informed Solutions have extensive experience in healthcare and finance," said John Wallace, Senior Vice President for mPay Gateway. "They understand that practices struggle with the patient collection process and we are pleased they recognize the value of the mPay Gateway solution."
"Our company is focused on providing solutions that solve specific problems in physician offices," said Steve Carbonara, executive partner for Informed Solutions. "mPay Gateway's solution is a good fit for our clients because it provides solid technology for a relatively low cost. At the same time it clearly reduces operational costs and saves money."
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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