For medical professionals, accepting electronic payments must involve more than the typical “swipe for a single service” offered by most payment processing services.

Payprodigy recognizes that a truly valuable payment service should:

• integrate patient and coverage data to facilitate billing
• allow patients to pay now for the services they need now
• increase cash flow with electronically funded payments
• enable recurring payments for patient convenience and to lower overhead

Payprodigy researched the best options for health care providers and ultimately partnered with TransEngenTM to leverage their integrated platform for health and financial transactions.

“Designed specifically for healthcare providers, the TransEngen Payment Processing System allows providers to tie information to a payment such as patient name and account number, provider, department, location, claim ID (if known) and date of service.

[TransEngen] enables providers to estimate a patient’s liability at the point of care, leveraging the provider’s contracted rates with the patient’s health plan. The solution delivers an enhanced, HIPAA-compliant real-time eligibility transaction (a data rich 271) incorporating eligibility and benefits detail, and reimbursement rates to estimate patient responsibility based on the services provided.”

To learn more about how healthcare providers can benefit fro TransEngen, download the TransEngen Services Overview (pdf).