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HealthPay24
Mechanicsburg, United States
B
11-50 Employees
2001
Key takeaway
HealthPay24 enhances the healthcare payment experience by simplifying patient payments and streamlining the reconciliation process for providers. With extensive partnerships and a commitment to integration, HealthPay24 offers a comprehensive solution that addresses the unique needs of both patients and healthcare providers.
Reference
Product
Healthcare's Leading Patient Payment Platform - HeathPay24
Transform the patient payment experience for everyone and reach more patients with innovative payment options.
TrustCommerce®
Costa Mesa, United States
B
51-100 Employees
2000
Key takeaway
TrustCommerce is a prominent healthcare payment gateway and merchant processing provider, offering seamless integrations with EHR systems like Epic. Their proprietary platform enables secure and compliant patient payment processing, enhancing the overall patient experience and supporting revenue generation for health systems.
Reference
Core business
Merchant Processing Provider & Healthcare Payment Solutions
Meet the leading healthcare gateway and merchant processing provider dedicated to making payments smart, simple and secure. Learn more!
Payer+Provider
Boston, United States
B
1-10 Employees
-
Key takeaway
The company specializes in healthcare consulting, focusing on the dynamics between payers and providers, which is crucial for understanding healthcare payment systems.
Reference
Product
Payer Network Map - Payer+Provider Syndicate Healthcare Consulting
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MediStream
Roswell, United States
B
11-50 Employees
2009
Key takeaway
MediStreams is revolutionizing healthcare payments by automating the flow of transactions through innovative technologies that integrate seamlessly with providers' existing systems. Their comprehensive platform enhances revenue cycle management by streamlining remittance processing and improving the reconciliation of electronic payments.
Reference
Core business
MediStreams | Healthcare Payments and Remittance Automation Processor
TransNet Enterprises
Houston, United States
B
1-10 Employees
-
Key takeaway
Transnet Enterprises is focused on transforming the payment processing landscape for businesses of all sizes, including those in the healthcare industry. They customize payment processing solutions to meet the specific needs of various sectors, ensuring that businesses can effectively manage their financial transactions.
Reference
Service
Payment-Processing-Solutions-For-The-Healthcareindustry - Transnet Enterprises Inc
MyHealthCare Payment Plan Solutions
Gold Coast City, Australia
A
11-50 Employees
2014
Key takeaway
MyHealthCare focuses on making healthcare affordable by partnering with allied health professionals to offer accessible payment plans. This approach ensures that patients can access the necessary treatments without financial barriers.
Reference
Core business
About MyHealthCare - MyHealthCare Payment Plans
Quantum Medical Billing & IT Technologies
Dix Hills, United States
B
11-50 Employees
2020
Key takeaway
The company specializes in healthcare payment solutions by fostering strong relationships between insurance payers and service providers, ensuring efficient revenue cycle management and medical billing. Their expertise in various healthcare technologies and commitment to rapid payment processes directly addresses the challenges faced by service providers in managing billing expenses.
Reference
Core business
Revenue Cycle Management - Medical Billing Consulting Services BPO
Creating Solid and Provocative Relationships Between Healthcare Insurance Payers and Healthcare Service Providers
People & Payment
Berkel en Rodenrijs, Netherlands
A
11-50 Employees
2011
Key takeaway
People & Payment is a comprehensive service provider that offers a range of solutions related to personnel management, including HR and payroll administration. They leverage modern online software to efficiently support approximately 2,000 companies, making them a valuable partner for businesses seeking streamlined personnel services.
Reference
Core business
Dé partner voor al je personeelszaken - People & Payment
Alle personeelszaken betaalbaar onder één dak. Van HR & salarisadministratie, verzuimbegeleiding, arbodienstverlening tot verzekeringen.
Health Payment Systems, Inc.
Milwaukee, United States
B
11-50 Employees
2010
Key takeaway
HPS offers a comprehensive solution for healthcare payments through its PayMedix platform, which guarantees payments to providers and credits to patients, ultimately reducing out-of-pocket costs. With a vast network of providers and innovative billing practices, HPS aims to simplify the healthcare experience while delivering significant savings for employers and individuals.
Reference
Core business
Health Payment Systems I Simplified Healthcare Billing
HPS is the broadest, most effective independent provider network in Wisconsin, offering one-statement billing, zero-interest payment plans and more.
PayrHealth
Austin, United States
B
11-50 Employees
1994
Key takeaway
PayrHealth offers services designed to enhance understanding of payor contracts, ultimately helping healthcare providers improve revenue and manage their practice more effectively. With over 25 years of experience, PayrHealth focuses on proactive practice management and data-driven strategies to strengthen provider-payor relationships and support revenue growth.
Reference
Core business
Medical Billing Company - Healthcare Contracting Services
PayrHealth is the leading managed care contracting solution for hospitals, physicians, surgery centers, ancillary service providers and much more.
Technologies which have been searched by others and may be interesting for you:
Healthcare payment refers to the systems and processes involved in the financial transactions between healthcare providers and patients or insurers. This encompasses a variety of models, including traditional fee-for-service, capitation, and bundled payments, which determine how providers are reimbursed for their services. In this ecosystem, healthcare payments can involve direct payments from patients, insurance reimbursements, or governmental funding. Efficiency in healthcare payment processes is crucial for ensuring timely access to services and maintaining the financial viability of healthcare providers. Advanced technologies, like electronic health records and billing systems, play a significant role in streamlining these transactions, enhancing transparency, and reducing administrative burdens.
Healthcare payment processing involves several key steps to ensure that healthcare providers receive compensation for their services. Initially, when a patient receives medical care, the provider collects relevant patient and insurance information. This data is then submitted to the insurance company for verification and approval. Once the claim is processed by the insurer, they determine the amount they will cover based on the patient's policy. The remaining cost is billed to the patient. This process includes various checks for eligibility, coding for services rendered, and adherence to regulatory standards. Additionally, payment processing systems may utilize electronic health records (EHR) and health information exchanges (HIE) to streamline communication and enhance efficiency in billing and collections.
Healthcare payment systems utilize a variety of technologies to streamline transactions and enhance efficiency. Electronic Health Records (EHR) play a crucial role in managing patient information, ensuring accurate billing and payment processing. Additionally, Payment Processing Gateways facilitate secure online transactions, allowing patients to pay their bills through various digital methods, including credit cards and mobile wallets. Blockchain technology is also emerging, providing transparency and security in payment records, which helps reduce fraud and administrative costs. Overall, these technologies work together to improve the healthcare payment experience for both providers and patients.
Regulations play a crucial role in shaping Healthcare Payment methods by establishing guidelines that ensure compliance, security, and transparency. For instance, the Health Insurance Portability and Accountability Act (HIPAA) mandates strict data protection measures, compelling payment providers to adopt secure payment technologies that protect patient information. Additionally, regulations such as the Affordable Care Act (ACA) influence the types of payment models available, promoting value-based care over fee-for-service models. Moreover, regulatory frameworks often dictate reimbursement rates and payment structures, affecting how healthcare providers are compensated. These regulations can lead to the adoption of innovative payment solutions, such as bundled payments or accountable care organizations (ACOs), which aim to improve patient outcomes while controlling costs. Thus, compliance with regulations not only ensures legal adherence but also drives the evolution of payment methods in the healthcare industry.
In the realm of healthcare payment, security concerns primarily revolve around the protection of sensitive patient information. Cybersecurity threats, such as data breaches and ransomware attacks, pose significant risks, as healthcare providers handle large volumes of personal and financial data. The potential for unauthorized access to payment systems can lead to identity theft and fraud, affecting both patients and providers. Additionally, compliance with regulations such as HIPAA is crucial. Failure to adhere to these regulations can result in substantial penalties. Implementing robust encryption and secure payment gateways is essential to mitigate these risks, ensuring that transactions are safe and patient data remains confidential. Regular security audits and employee training can further enhance the security posture of healthcare payment systems.
Some interesting numbers and facts about your company results for Healthcare Payment
| Country with most fitting companies | United States |
| Amount of fitting manufacturers | 4592 |
| Amount of suitable service providers | 5797 |
| Average amount of employees | 11-50 |
| Oldest suiting company | 1994 |
| Youngest suiting company | 2020 |
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Some interesting questions that has been asked about the results you have just received for Healthcare Payment
What are related technologies to Healthcare Payment?
Based on our calculations related technologies to Healthcare Payment are Education, Engineering Services, IT & Technology Services, Healthcare Services, Consulting
Who are Start-Ups in the field of Healthcare Payment?
Start-Ups who are working in Healthcare Payment are Quantum Medical Billing & IT Technologies
Which industries are mostly working on Healthcare Payment?
The most represented industries which are working in Healthcare Payment are Healthcare, IT, Software and Services, Finance and Insurance, Other, Medical
How does ensun find these Healthcare Payment Companies?
ensun uses an advanced search and ranking system capable of sifting through millions of companies and hundreds of millions of products and services to identify suitable matches. This is achieved by leveraging cutting-edge technologies, including Artificial Intelligence.
