According to PaymentSource, 75% of all merchants will not be equipped to process EMV cards on October 1st. With theEMV liability shift for fraudulent transactions, some merchants have decided that making the switch to an EMV compliant terminal isn't worth the expense, just yet. Perhaps yourprocessor does not offer a viable EMV solution for your business. Or possibly, you’re using [...]
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May 3, 2020: We are not yet through the COVID-19 pandemic and trend analysts are already predicting future changes to how we do business and interact. These changes could be in place for a long time to come and may even become permanent. CNBC predicts a permanent shift to remote work, a decline in office meetings [...]
Legal services businesses such as law firms, mediators and arbitrators, as well as any legal related support business are increasingly trying to leverage technology in order to streamline operations. Platforms that enable scheduling, automated emails and full function office management applications continue to improve the efficiency of each private practice and business. But there [...]
Physical Therapists are increasingly trying to leverage technology in order to streamline operations. Platforms that enable scheduling, automated emails and full function Practice Management applications continue to improve the efficiency of each private practice. But there is one, often overlooked, technology that has a direct impact on profitability : Online BillPay Ready to expedite [...]
Whether you're cash based or accept insurance, the best strategy to improve collections is to provide a clear and concise physical therapy financial policy. Agreeing to these terms guarantees that each patient understands your policy and agrees to these terms prior to receiving services. While there is a clear link between a clear financial [...]
All the Physical Therapists we speak to enter the field out of a desire to treat the whole person, not just the injury. As Aaron LeBauer put's it, each phone call a Physical Therapists receives could be the deciding factor between surgery or a comprehensive healing approach. But owning a Physical Therapy practice requires [...]
When researching merchant processing vendors, every company claims to offer the lowest rate with "Guaranteed savings". How can that be? What differentiates one merchant processor from the other, and how can you determine who can deliver on these promises? To explore that question, one must look "under the hood" to determine what makes up the cost structure. Most [...]
The goal for any successful strategic partnership is to build value by leveraging skills, assets and expertise that one party doesn’t possess. In the payment processing space, most software vendors have recognized the value of an integrated payments strategy to improve work flow and capture additional revenue. For example, companies such as Omedix, have developed integrated payments into their Omedix patient portal and online billpay solution. [...]
Private practice owners depend on a lot of technology to help them manage their business, and physical therapists are no exception. Multiple choices exist for everything from Practice Management, EHR, Patient Engagement, Telemedicine, Scheduling Software, billing platforms and secure payment processing, to name a few. With so many options, what criteria is used to determine [...]
Let’s face it, as entrepreneurs we’re typically spread thin and lean heavily on specialists to help us fill the gaps in our expertise on specific functions of our business. Emphasis on getting our product to market in the shortest time-frame often means thorough vetting of potential vendors is left for a later date. The problem with this model is that [...]