Online Bill Pay and Budget Payment Plans
Improve your practice's revenue cycle management while providing your patients the convenience to pay their medical bills online any time, from anywhere.
Online Bill Pay
Medfusion's Online Bill Pay solution was created specifically to give physician practices the ability to accept patient payments online via credit card. Medfusion securely handles all of the processing, providing you the convenience of daily deposits into your existing merchant account. If you don't have an existing online merchant account, we can guide you through setting it up.
The benefits of Online Bill Pay include:
- Providing convenient and easy access for patients
- Improving the practice's revenue cycle management
- Reducing statement delivery costs and collections calls
- Reducing patient accounts sent to collections and bad debt write-offs
- Decreasing the time the staff spends on patient billing questions
This feature is simple to communicate to your patients: simply add "go online to pay your bill" to your regular paper statements, and you will start driving patients to take advantage of this simple and efficient method to remit their payments.
Budget Payment Plans
Manage collections and offer your patients the convenience of regularly scheduled budget payments to pay off large balances. You can set the minimum payment, frequency of payments, and processing fees (if any), while letting your patients set up their preferred payment plan. Provide a steady stream of monthly income that you can count on for reducing your A/R. Our practice-facing version of this solution also allows staff members to establish budget payment plans on behalf of their patients securely, either over the phone or in person.
- Provide patients with payment options for large balances through your practice website
- Eliminate monthly statement mailing cost with automatic budget billing
- Reduce A/R and bad debt write offs with auto-debit functionality
