david e. berlad vice president - business development national healthcare accounts october 21 -22,...
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David E. BerladVice President - Business DevelopmentNational Healthcare AccountsOctober 21 -22, 2013
Incr
ease
your D
octor’s
Rev
enue
Incr
ease
Pat
ient C
ollect
ions
Simplifying Patient PaymentsCollections Made Easy With
Easy Pay
Confidential & Proprietary ©2013
Confidential & Proprietary ©2013
Ever Wonder Why???
Do You Ever Wonder Why Other Medical Practices…
Collect More Money From Patients
Retain More Patients and Grow Their Practice
Have Less “No-Show” Appointments
Staff Seems To Be Less Stressed
The Doctors are Happy (Smiling all the way to the bank)
Is There A Better Way To Collect From Patients Who Have The Capacity To Pay and Get Better Payment Results?
YES!!2
The #1 Problem Facing Office Managers
92% of business office managers at healthcare facilities said that their number one problem was:
THE TIMELY AND COST EFFECTIVE COLLECTION OF PATIENT PAYMENTS
Source: Visa Study 2010 Confidential & Proprietary ©2013 3
Confidential & Proprietary ©2013
Office Administrators Face Difficult Situations
The Problem Patient receivables are increasing Pressure to reduce receivables Bad debts increasing Time and expense of billing Time and expense of dreaded collection calls Time and expense of handling checks
What about the future? Next year receivables could be… Bad debts could increase to… More collection calls could mean…
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Source: Commercial Law League of America
9385
73
56
28
0
10
20
30
40
50
60
70
80
90
100
% Collectable Over 5 Months
Month 1
Month 2
Month 3
Month 4
Month 5
Collectability of Patient Receivables
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Consumers Pay Their Health Bills LAST!Here’s how Americans pay their bills:
House Payment Car Payment Utilities Bank & Credit Card Payments Food & Gas Clothing Kids’ Expenses Entertainment Doctor, Dentist Hospital
Source: Visa Study6
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There IS a Solution? YES!!!
It was invented by VISA, adopted by MasterCard and enhanced for healthcare by Easy Pay Solutions
It is used by hospitals, group practices and individual medical practices nationwide
It’s been integrated in various medical practice management systems and other software
NOW - It’s available to you from CureMD
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Announcing
The Fastest and the Easiest
Way To Collect From Patients
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Confidential & Proprietary ©2013
The Answer Easy Pay from Easy Pay Solutions, Inc.
Your financial key to unlock and receive timely patient payments
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Confidential & Proprietary ©2013
What is Easy Pay? Merchant Services – Credit card /Debit Card Processing (but EASY PAY is
much more than that!!!)
Functions as an accounts receivable reduction tool that uses payment cards to pay for services similar to other non-healthcare industries (i.e. hotels, phone companies, time share rentals, more….)
Significant part of any Revenue Cycle Management Process
Accepts VISA, MasterCard, American Express, Discover, JCB and Health Savings Accounts / Flexible Spending Accounts that have the Visa/MasterCard logo
Easy Pay Solutions is a PCI certified Level 1 Service Provider
Easy Pay Solutions is an active member of the PCI Security Standards Council
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Payment Plans – You Set The Dollar Amount and The Time Period
Signature-on-File – Securely Store Patient’s Credit Card Information For Future Payment Use
Single Payments – One-Time Payments
Subscription Option – Repetitive Billing Until Cancelled (concierge practices)
ALL WITH THE PATIENT’S AUTHORIZATION
Advanced Credit Card Features
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INCREASES PHYSICIAN TAKE-HOME PAY
Lowers Account Receivables An Average of 10% Within 90 Days
Lower Rates, Lower Processing Fees, No Monthly Terminal Rental Fees
Expedites Cash Collection from Patients
Eliminates/Reduces Billing and Collection Expenses
Eliminates/Reduces Bad Debts and Administrative Expenses
Increased Patient Retention
SURVIVAL
Benefits For Your Medical Office
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Software and Hardware Free Easy Pay Software Free Unlimited Training Fee Technical Support Credit Card Swipe Required
$50 Box Godiva Chocolate Welcome Gift For New Accounts That Sign Up By December 1, 2013
Easy To Get Started
STOP BY THE EASY PAY BOOTH FOR MORE INFORMATION
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Platinum Sponsor
Advanced Credit Card Processing
For CureMD Users
Who Want to Collect More From Patients
FOR MORE INFORMATION
STOP BY THE EASY PAY BOOTH
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