TransFirst Partners with PatientPay

TransFirst has formed a strategic sales partnership with PatientPay, an online practice management and payment technology for healthcare practices.

According to a media release, TransFirst will provide payment processing solutions that will integrate with the PCI-compliant PatientPay technology, creating a seamless online payment experience for providers to offer their patients.

The collection of patient receivables is one of the most often cited issues currently facing healthcare providers. According to industry analysts, patients' out-of-pocket healthcare expenses are expected to reach more than $1 trillion in the coming years, as fee- for-service insurance reimbursement to physicians transitions to more value-based models and high-deductible health insurance plans become more commonplace. In order to collect the increasing amount of payments for which their patients are responsible, practices must expend increasing amounts of time and money to avoid write-offs. The combined TransFirst and PatientPay payment solution makes it easier and more convenient for patients to pay their providers by offering the option of paying online for medical services with major credit and debit cards at multiple points of service.

"The alliance with PatientPay creates a payment management solution that could make a significant difference in helping healthcare providers collect patient payments, and this makes it an especially appropriate collaboration for TransFirst because of our mission-driven commitment to helping businesses grow and succeed financially," says John Shlonsky, president and CEO of TransFirst. "We look forward to working with the PatientPay team in a relationship that benefits both our companies and the medical practices we mutually serve."

"We are excited to add PatientPay's patented solution to our practice management software partners' already strong value proposition with TransFirst," says Carl Mazzola, president of TransFirst's Health and Public Services division. "The changes that are happening in the way providers are reimbursed means it is absolutely critical that they find effective ways to collect more of what their patients owe. Our collaboration with PatientPay will give providers a valuable solution that can make a tangible difference in their receivables."

"We are pleased to leverage TransFirst's proven payment processing platforms to offer healthcare providers a compliant, easy- to-use and environmentally friendly solution to collecting patient payments," says Tom Furr, CEO of PatientPay. "We enter this alliance with the confidence of knowing that TransFirst understands the technical requirements to deliver a simple yet secure solution for the complex healthcare market."

More Information:

http://www.TransFirst.com

http://www.patientpay.com

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