DURHAM, N.C., Oct. 17, 2013 /PRNewswire-iReach/ -- PatientPay (www.patientpay.com), a provider of innovative healthcare billing solutions, today announced its online system is now integrated with e-MDs' practice management software as a result of a connector co-developed with Tangible Solutions, Inc. (www.tangible.com), a leading healthcare information services solution provider.
"PatientPay represents a way to bring added-value, and a unique set of capabilities we can now offer to our customers, said Bruce Hrenyo, President of Tangible Solutions. "For the practices we serve and those considering e-MDs, we believe they will see the profitability, productivity and patient satisfaction increases PatientPay quickly delivers."
The MGMA reports that the typical practice sends, on average, 3.3 paper statements before payment is secured. In contrast, PatientPay eliminates this too common problem by offering bill pay the way a majority of Americans prefer, online. According to the United States Postal Service, 60 percent of people pay their bills online today and that number is growing rapidly. PatientPay's secure, patented online process drives down the expense and drives up the productivity of a practice by up to 50 percent. Since PatientPay reduces the time payment is received by half, healthcare professionals realize improved cash flow and reduced accounts receivables.
As a result of this integration, Tangible Solutions' customers can eliminate the costly and error-prone paper-based methods as now billing, collections and reconciliation are a fully automated process. PatientPay's process emulates the insurance claims procedure and operates with the same speed and certainty. Further, because it is embedded into the practice management workflow, customers do not have to change the way they work.
"Along with consumers' growing preference for online bill paying there is the substantial growth of high deductible health plans (HDHP), the program of choice by 70 percent of America's large employers. Those are just two reasons that make this integration so important," said Tom Furr, CEO of PatientPay. "It makes an excellent practice management solution even better and more beneficial for all involved. PatientPay is pleased to have partnered with Tangible Solutions to achieve this important enhancement to the e-MDs practice management software, used by thousands of physicians nationwide," Furr added.
About Tangible Solutions Inc.
Tangible Solutions was founded in 1994 to provide Information Technology services. Today, the company continues to focuses on information technology by providing products and services designed to improve workflow as well as inter-connect all healthcare service providers involved with patient care through its branded Healthcare Application Environment (Happe™) products. For more information about Tangible Solutions, please visit www.tangible.com or call 1.800.393.9886.
PatientPay is a patented, web-based service for physician groups and their patients to process and manage bills and balances. It handles the time-intensive, complicated and expensive process in minutes not days, at half the cost and with less risk than paper-based payments or traditional online portals. PatientPay, based in Durham, North Carolina, reaches more than 30,000 physicians through its current network of Practice Management Software partners. The online service can combine with any Practice Management Software to offer an integrated online solution that automates billing, collections and posting of patient payments. For more information, please visit www.patientpay.com or call 1.888.730.9374.
PatientPay and the PatientPay logo are registered trademarks or service marks of PatientPay. Other marks belong to their respective owners.
Media Contact: Steve Friedman, PatientPay Inc, 888.730.9374, email@example.com
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