PHILADELPHIA, PA (November 3, 2010) – InstaMed has partnered with NextGen Healthcare, a leading provider of healthcare information systems and connectivity solutions, to offer NextGen’s healthcare providers payment assurance through enhanced patient collections with automated posting. Powered by InstaMed’s industry leading healthcare payments platform, NextGen® payment solutions will increase patient collections, reduce collection costs and dramatically decrease days in account receivables.
“With patient responsibility rising due to increasing health plan deductibles with growing adoption of consumer directed health plans, NextGen Healthcare clients are looking for ways to streamline and improve the patient collection process,” said Ana Croxton, Vice President, EDI Products and Services, at NextGen Healthcare. “Powered by InstaMed, our merchant processing solutions reduce the additional costs associated with patient collections, while ensuring a better patient experience with the ability to offer flexible payment options such as payment plans and online payments.”
“This year alone, more than $65 billion will go uncollected for health services rendered to patients who don’t pay,” said Bill Marvin, President and CEO of InstaMed. “Through our partnership with NextGen Healthcare, their providers will have direct access to leading-edge patient collection tools and services that dramatically enhance the patient collection process.”
Features of NextGen® Integrated Payment Processing Services, Powered by InstaMed
Available immediately, NextGen Healthcare’s integrated payment solutions feature automates posting of all patient payments for ease of tracking directly within the NextGen Practice Management solution. Providers are able to realize patient collection and operational efficiencies through:
NextGensm Integrated Payment Processing Services – Enables a wide range of payment collection tools, including: front and back office payments, payment plans, save a card on file to collect future payments and real-time reporting.
NextGensm EDI Payment Portal – Allows providers to process credit card, debit card and eCheck payments online. Through the Payment Portal, patients also have the ability to view eStatements, set up recurring payments and save their payment profiles for future use.
About NextGen Healthcare
NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII), provides integrated electronic health record and practice management systems, connectivity solutions, and billing services for hospitals and ambulatory practices of all sizes and specialties. For more information about NextGen Healthcare, please visit www.nextgen.com and www.qsii.com. Follow NextGen Healthcare on Twitter at www.twitter.com/nextgen or Facebook at http://www.facebook.com/NextGenHealthcare.