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.
The benefits of working with PNC Merchant Services® are many:
- Next-day funding - Get next-day funding on payment transactions while giving your patients the payment flexibility they want.1
- 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.
1 Next-day funding on card transactions processed by PNC Merchant Services when deposited into your PNC Bank business checking account.