Layne Gerstel Excited That Healthcare Providers Can Increase Cash Flow and Lower Over Head Costs with Priority MedPay™
Priority MedPay™ launches a dedicated healthcare payment solution designed with both provider and patient needs in mind
Online, May 30, 2013 (Newswire.com) - Layne Gerstel president of Priority Payment South East is excited by the new products that Priority Payments Systems is continueing to roll out. Starting in 2013, healthcare providers will have access to a new payment platform designed to increase cash flow and provide patients with modern and convenient ways to satisfy their financial responsibility at the point-of-care.
Priority Payment Systems, which designs payment systems for industries ranging from specialty retail, non-profits, property management and utilities, has created Priority MedPay™ to specifically address the collection challenges faced by medical providers. Priority MedPay™ delivers patients clear Point-of-Care billing information and modern web based and mobile payment options that help providers accelerate collection rates and reduce administrative costs so they can focus on what they do best; care for patients.
With its launch, Priority MedPay™ is also unveiling a new website, www.PriorityMedPay.com, where healthcare providers can learn more about its features, benefits and request information.
Priority MedPay™, helps healthcare providers:
•Reconcile payor and patient payments on one coordinated system, seamlessly integrating the practice's management system, payment reconciliation and accounting.
•Consolidate all provider billing in one statement.
•Automate posting of patient payments
•Easily communicate with patients about billing and past due amounts via email and text.
•Audit payers by identifying procedure codes at the claim level that are not being paid at the contracted rate.
"We believe Priority MedPay™, will provide significant improvements to providers' cash flow and meaningful operating efficiencies. Patients will simplify making payments, managing payment options and interpreting charges and make communicating about their bill much more convenient " says John V. Priore, President and CEO of Priority Payment Systems.
"Novarus Healthcare is extremely excited about the new tool set that will be available through Priority MedPay™. With the increased pressure on healthcare providers to become more cost efficient and to address the impact of increased patient deductibles and co-pays, these tools will become increasingly important." says Tom Hearn, Managing Partner of Novarus Healthcare.
About Priority Payment Systems
Since its inception in 2005, Priority Payment Systems has established itself as a leading innovator in the electronic payments industry. Priority's payment technology is the clear choice for today's efficiency driven merchants as it integrates point-of-sale processing with inventory control, consumer loyalty tracking, currency conversion, invoicing and payment reconciliation. The combination of its "consumer inspired" products, first class service and support and competitive pricing has made Priority the high-value partner for banks and financial institutions, independent sales organizations (ISOs), sales agent offices, associations and referral partnerships nationwide.
Priority's unique transaction platforms support both business-to-consumer and business-to-business transactions. The 2012 Nilson Rankings places Priority among the top 40 consumer transaction processors by volume and as one of the industry's fastest growing processors over the past five years.
About Novarus Healthcare
Founded in 2002 and headquartered in Charlotte, NC, Novarus Healthcare continues to develop apps that help healthcare companies realize exponential gains in efficiency and productivity. Our apps serve healthcare providers who are planning a patient connectivity strategy, retooling for accountable care, implementing a patient-centered medical home, growing a medical practice, reorganizing their home health agency, or developing a custom app for a unique challenge