david e. berlad vice president - business development national healthcare accounts october 21 -22,...

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David E. Berlad Vice President - Business Development National Healthcare Accounts October 21 -22, 2013 Increase your Doctor’s Revenue Increase Patient Collections Simplifying Patient Payments Collections Made Easy With Easy Pay Confidential & Proprietary ©2013

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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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Confidential & Proprietary ©2013

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

5

Confidential & Proprietary ©2013

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

Confidential & Proprietary ©2013

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

Confidential & Proprietary ©2013 8

Confidential & Proprietary ©2013

The Answer Easy Pay from Easy Pay Solutions, Inc.

Your financial key to unlock and receive timely patient payments

9

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

Confidential & Proprietary ©2013 11

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

Confidential & Proprietary ©2013 12

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

Confidential & Proprietary ©2013 13

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

Confidential & Proprietary ©2013 14