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HealthTranz Payment Solutions Total Payment Solutions for Healthcare Practices.

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Presentation on theme: "HealthTranz Payment Solutions Total Payment Solutions for Healthcare Practices."— Presentation transcript:

1 HealthTranz Payment Solutions Total Payment Solutions for Healthcare Practices

2 Our Mission at HealthTranz Payment Solutions Provide a System To Enable You To: Create a “statement-less” practice Completely eliminate Delinquent Accounts Reduce time spent on routine tasks Always know what your cash flow is Concentrate on patient care not runaway overhead Realize Financial Freedom

3 HealthTranz Payment Solutions A complete system to help healthcare practices:  Provide every possible patient payment option via one web portal Check insurance eligibility online  System available 24/7  Check next days appointments today  Reduce costly time wasting phone calls Credit/debit cards at low rates and Check Guarantee and Conversion  Minimize credit card processing charges  Eliminate bounced checks Recurring Payment Plans  Receive payments through a Web site  Accept “check-by-phone” and credit card payments over the phone  Automate monthly payments from un-insured and under-insured patients  Eliminate any need to send out costly statements

4 HealthTranz Payment Solutions Complete Patient Financing Options  Create in-house plan where practice earns 18% interest but we do the billing and collecting  Create non-recourse loans where we buy the loan  No interest financing available for your patients  Create your own payment plans which automatically draws from patient credit card or checking  Get hard to approve patients accepted Automated Account Recovery Service  Clean up any accounts receivable challenges  Submit any account to the service via the web portal  Collect more money for less cost and free up your office personnel for other tasks  Much more effective than collection agencies at a much lower cost

5 HealthTranz Payment Solutions Electronic Claims  Receive insurance reimbursement faster by submitting claims electronically  On line checking of claim status – reduce costly phone calls  Integrate with practice management systems  Works in conjunction with Eligibility Verification Medical Billing for Dental Practices  We take the hassle out of submitting medical claims by providing that service for you  Increase claim reimbursement up to 300%  Increase patient treatment plan acceptance  You provide the diagnosis and treatment, we take care of code translation and working with the insurance companies to get you paid

6 HealthTranz Payment Solutions Equipment Leasing  Superior rates for HealthTranz customers  Possible immediate approval for line of credit with equipment lease Dental Practice Optimizer  Real time monitoring of practice vital signs  Practice valuation report  Insurance to cash revenue analysis  Real time analysis of cash flow  One location to manage all business, regulatory, and financial aspects of your dental practice

7 How Does HealthTranz Work? Web Portal integrates all the services you need for your patient financial transaction Login to HealthTranz Homepage and gain access to the services that you have available Click on the Service you need Perform the task When complete you are back to the Homepage

8 Customer Log in Screen

9 Choose the service you need – Patient Insurance Eligibility

10 Patient Eligibility – Enter brief patient info to send request

11 Eligibility Request – Fill in blanks or use drop down menus

12 271 Eligibility Response

13 Information dependent on Payer

14 Eligibility Verification Benefits Cut down on costly, time consuming phone calls Submit a batch of requests at one time Check eligibility before patient arrives for appointment Increases office productivity Reduces costs Greater patient satisfaction

15 Choose the service you need – Recurring Payments

16 Recurring Payments Home Page

17 Add Patients

18 Create Payments

19 Receive Payments Online

20 Review Deposit Reports

21 Specifics Can generate and receive one-time, post-dated, online, or automated payment plans Can deduct payments from a checking, savings, or credit card account Checking/Savings transactions take 72 hours to settle, then direct deposited into practice’s account Credit Cards are instantly verified, then deposited into practice’s account within 48 hour

22 Allows Patients To: Pay their portion of the bill – Electronically Divide large balances into affordable payments With affordable payments, patients can pay for treatments not covered by insurance They will thank you for providing multiple payment options and arrangements

23 Practice Benefits Accept payments electronically Decrease delinquent receivables Automate payment plans Increase Revenue Decrease “Bad Debt” Write off

24 Choose the service you need – Patient Financing

25 Patient Financing – Choose your option

26 On line Credit Application

27 Patient Financing Benefits Accept A-D credit patients No interest programs available Special program where the practice earns the interest Quick approvals Flexible terms Term and Revolving Loans available

28 Choose the service you need – Account Recovery

29 Account Recovery - MaxCollect Homepage

30 Accounts Receivable Recovery System

31 How we recover your money

32 Leveraging technology

33 Why are we better?

34 HealthTranz PS – expandable to meet your needs

35 HealthTranz PS Summary Total Payment Solution providing all possible options for the patient financial transaction in one easy to use web portal One vendor call for any support issues or questions Useable from any computer with internet access Safe and secure interface Provides maximum return on investment Allows you to create a “statement-less” practice Puts you in total control of your cash flow The system pays you to use it! Financial Freedom

36 QUESTIONS? Let’s get started


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