MasterCard and mPay are to extend healthcare
payment acceptance in the US.
mPay Gateway develops financial technologies for healthcare
providers to support a complex payment environment.
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mPay Gateway’s point-of-care patient payment software calculates
what the patient owes, authorises payment at the time of service
and collects the outstanding patient obligation after the insurer
has settled the claim, eliminating the expensive and laborious
statement process.
Brian Beutner, CEO, mPay Gateway said:
“Working with MasterCard, our technology is addressing
inefficiencies in the patient payment process to streamline
transactions and increase payment transparency, so that providers
can improve cash flow and better align with their patient’s payment
preferences.”
Electronic payments made on a MasterCard card enables healthcare
providers to track improved cash-flows with more timely
payments, while reducing overhead and billing related expenses,
MasterCard said.
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By GlobalDataSteve Carnevale, senior vice president, group head, US market
development, MasterCard Worldwide said:
“As people’s preferences for electronic payments continue
to increase over cash and check, technology like the mPay Gateway
is helping healthcare providers better serve their patients while
improving their bottom line.”
