With the continued rise in data security breaches, merchants are on the lookout for a secure payments solution that will shield them from liability and fraud. One solution for stands out as the “New Standard” for card data acceptance. The process of Point to Point Encryption (P2PE), encrypting the card data at the point of sale, and tokenization, which replaces the card data with an irreversible [...]
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For Physical Therapists, remaining in constant communication with your patients is sometimes a critical component of the completion of their prescribed treatment plan, which is tied directly to many of the key KPI’s (Key Performance Indicators) your practice should be tracking. With communication tied so closely to patient payments, and the constant strain on private practice owners to manage [...]
The Physical Therapy community could learn a lot about patient satisfaction from the Uber model. The “new standard” in on-demand transportation has enabled anyone to simply tap their mobile phones and have a taxi arrive at their location. Along with descriptions and ratings, we now know who will be arriving, when they will arrive, and exactly how the payment will take [...]
With the increasing threat of card data security breaches and the complexities of PCI Compliance, every business that accepts credit cards must adopt a secure payments platform that provides the latest in card data security. With the highest concentration of data breaches happening at Retail locations and Healthcare Providers, it is clear that criminals are becoming more efficient and bold in their attempts to steal [...]
Let’s face it, understanding the cost structure proposed by most payment processors can be a daunting task. In fact, most businesses that accept credit cards for payment don’t really understand everything they are being billed for. This is by design. By creating complicated pricing structures, downgrade tiers and binding contractual terms, the payment processing industry is notorious for attempting to confuse the [...]
For the mobile workforce, efficiency is key. Every aspect of fiction must be addressed and managed properly in order to scale operations while optimizing opportunities to provide a positive user experience. One does not have to look far to find industries that have been completely disrupted by leveraging technology, secure payments and unique business models that have harmoniously streamlined the [...]
Some say that Payment processing is a commodity and variables that set one payment vendor from another are becoming blurred. This is overwhelmingly true for payment vendors that primarily promote stand-alone hardware for accepting payments. But, what about integrated payments? If payment processing is embedded into another application, how does it improve the user experience? And, how many payment processors have an established model, secure processing technology, and the [...]
According to the American Hospital Association, US hospitals saw write-offs that exceeded $42 billion 2013. That figure more than doubles when including Private Practice. While it has been proven that offering your patients flexible payment options has proven to increase patient payments, less than 40% of providers offer one of the easiest payment options available; online bill pay. Ready to expedite collections with Online [...]
Ask any private practice medprenuer, developing a profitable private practice is a challenging endeavor. No other "business" has so many variables that effect potential for growth than the Private practice owner. For this reason, Go Cardconnect, a payment processing company with patented Healthcare patient payment technology, is exploring multiple methods for medical practices to [...]
The following post was originally published by Go Cardconnect CEO, Tom Cooley at http://omedix.com/mobile-patient-engagement-strategy/ As defined by HIMSS, Patient Engagement is, simply put, a process by which Medical Providers and patients work together to improve healthy outcomes. It almost sounds like a utopian environment where medical providers give all the care, time, and professional advice [...]