When looking for an outside payment provider, it makes sense to look inside your organization…at your core system. Without knowing what type of integration your core system has with a specific payment processor, you’ll be unsure about the capabilities and functionality your systems have. And, if they do not talk to each other at all, […]
Author Archives: Anthony Fattore
Biggest Payment Processing Challenges for Hospitals in 2021
For hospitals in the modern digital era, revenue cycle management presents a huge set of challenges. The nature of the healthcare industry gives rise to many difficulties for providers in terms of billing, receiving payment, and accounting. And the unique issues surrounding the COVID-19 pandemic have made these challenges even greater. Fortunately, there are technological […]
Healthcare Cybersecurity in 2021: Top Risks & Best Precautions
In an increasingly online and digital world, cybersecurity is a top concern in the healthcare industry. The COVID-19 pandemic has accelerated the move to technological solutions for healthcare providers. Unfortunately, this shift has increased the opportunities for cybercrime, with a recent report finding that cyberattacks on healthcare doubled in 2020. So what are some of […]
3 Keys to Optimizing the Healthcare Revenue Cycle
Unlock your potential by optimizing your healthcare revenue cycle today! Managing the healthcare revenue cycle was a challenge even before COVID-19 hit U.S. shores. With the pandemic, providers now have the extra challenges of the need to minimize physical contact, potential financial stress for patients, and the ongoing fiscal challenges for providers themselves. But one [...]
Building Your Member Base in 2021 with Mobile Payments
The landscape for credit unions and other financial institutions has certainly changed over the past 5 years. In fact, we took a survey back in 2016, asking credit unions their most preferred form of payment, with 68.2% responding that over the phone through a staff member as their number one choice. While this kind of […]
BillingTree partners with MeridianLink®to offer full integration in collections software platform
PHOENIX, AZ (September 8, 2020) — Over the years, BillingTree has grown tremendously. By partnering with other FinTech companies, BillingTree offers better and more robust solutions to their clients—while integrating with dozens of service providers to give credit unions all the tools they need to give their members the best experience possible. With MeridianLink as a partner, another [...]
Top Payment Processing Challenges for Healthcare Providers in 2021
Out of all the industries impacted in 2020, healthcare is at the top of the list, from changes in legal policies, all the way to the decay of rural hospitals, it’s no surprise that these businesses are seeking some kind of relief to these new challenges. One of the most difficult challenges facing most healthcare […]
How Credit Unions Can Strengthen Their Member Relationships in 2021
While COVID-19 has deeply impacted many credit unions, many more saw an opportunity to work with their members to ensure they had everything they needed to get through the pandemic. The same can’t be said of some of the more popular banks, like Wells Fargo. After signing the $900-billion pandemic relief package over the weekend, […]
What Happens When Your Merchant Account Gets Dropped?
This is something that every business owner dreads, but it happens all the time. Imagine getting a notification from your bank saying they can’t process your business’s payment transactions anymore, effective immediately. They’ve deemed your business “high-risk” and no longer wish to do business with you. While this might be true of industries like online […]
8 Things Your Payment Provider Must Have in the ARM Industry
Optimize your ARM business with the right payment processor! One characteristic of collection agencies that complicate payment acceptance is the nature of their business. Not only are these agencies in a highly regulated industry, but they are also unfairly classified as a high-risk industry and lumped in with gambling, nutraceuticals, and cryptocurrency companies to name […]