Patient Payment Strategies Start with Card Acceptance
Healthcare providers that are serious about capturing payments at the time of service are increasingly accepting credit and debit cards in order to provide patients the option of paying deductibles and co-pays with a card.
With their permission, patients' credit or debit cards can also be billed for deductibles, coinsurance and other balances after the time of service. Some practices are even taking card payments on their websites, facilitating the sale of ancillary services or the reduction of outstanding balances. In the process, they are enjoying many benefits, including:
Improved cash flow - When you receive payment for services at the time they're rendered, there's more cash available to sustain and grow your practice.
Reduced billing costs - When charges are paid up front, your staff isn't tied up creating, mailing and following up on invoices.
At one time, all that was really important was for your front desk to get a copy of the patient's insurance card. Now, they usually need to investigate further.
Get Started with PNC Merchant Services®
PNC Merchant Services can help your business start accepting card payments. Whether your business has basic card processing needs or you require a more customized solution, we have options.
At one time, all that was really important was for your front desk to get a copy of the patient's insurance card.
Now, they usually need to investigate further: Is this a Health Savings Account? Has the patient met the deductible? Do co-pays apply? What payments need to be collected?
PNC Merchant Services® understands that generic financial services are not always the right prescription for the unique needs of healthcare practices. Solutions offered by PNC Merchant Services that can help you accept credit and debit cards for patient co-pays and deductibles include:
With the proper point-of-sale (POS) terminal, you can begin accepting credit card payments.
Add a keypad to the terminal and you can easily process PIN debit cards as well. Take advantage of additional functionality and convert your patients' paper checks into an electronic payment.
Interested in applying for a new merchant account and purchasing a terminal today?
Clover® Check Acceptance
Provide patients with the convenience of writing a check for payment - and minimizes downside risk. Clover Check Acceptance quickly and efficiently converts a patient's paper check into an electronic transaction via ACH.
Your patient is happy, and the practice benefits from improved cash flow through faster funding.
Clover Check Acceptance provides peace of mind against fraudulent and returned checks by combining the industry's most sophisticated check acceptance risk management system with a warranty service option for returned check liability. Accepting and processing check payments becomes as quick, safe and easy as accepting credit cards. Clover Check Acceptance can also improve operational efficiency by reducing trips to the bank and streamlining back-office operations.
Gift Card Programs
With a branded gift card program, you can secure repeat business from your current patients and help grow referrals.
They are especially effective for elective medical procedures (like cosmetic surgery, chiropractic treatments and some dental procedures) that aren't covered by most insurance carriers.
Benefits of working with PNC Merchant Services®
Next-day funding - Get next-day funding on payment transactions while giving your patients the payment flexibility they want.
Industry-specific solutions - Utilizing industry-specific research and data, we create solutions customized to the specific needs of medical, dental and veterinary practices. For example, A-Claim®, our end-to-end revenue cycle management solution, allows you to not only process card payments, but also verify benefits eligibility and even offer patient payment plans.
Personalized attention - PNC Healthcare Business Bankers and Merchant Services Account Executives understand the unique demands of healthcare practices, and are armed with solutions to help you run your practice more efficiently.
Product Solutions - PNC Merchant Services offers a wide variety of payment acceptance, processing and reporting solutions for healthcare.
If you're ready to get serious about card payment acceptance, it's time to talk with PNC Merchant Services. We offer a wide range of solutions designed to help you better manage the financial health of your practice. This way, you can focus on what really matters: the health of your patients.
Important Legal Disclosures & Information
The Clover® name and logo are owned by Clover Network, Inc., a wholly owned subsidiary of First Data Corporation, and are registered or used in the U.S. and many foreign countries.
All other trademarks, service marks and trade names referenced in this material are the property of their respective owners.
Merchant Services are provided by PNC Merchant Services Company and are subject to credit approval. PNC Merchant Services is a registered trademark of The PNC Financial Services Group, Inc.