There are 42.9 million Americans who have unpaid medical bills. These unpaid bills result in many healthcare facilities not being compensated for their valuable services. Sometimes, patients may not be able to pay because of financial issues. Perhaps they simply forget to pay their bills, or they cannot figure out
Specialty medical care, like radiology, can cost patients hundreds or even thousands of dollars out of pocket. If patients cannot pay these bills, then the responsibility is transferred over to the healthcare provider, which can end up hurting their bottom line. Right now, one in five working-age Americans with health
Though there is a patient responsibility for specialty medical care, this responsibility is not always fulfilled. Patients may default on their medical bills, which results in nearly two million bankruptcies being filed every year in the United States. Medical care can be costly for patients. Without health insurance, patients will
Credit unions want to make it simple for members to make payments quickly and conveniently. Here are some advantages of online banking that you can share with your members to motivate them to bank electronically.
In today’s constantly-connected world everyone has access to the internet 24 hours a day. In addition to that, they have many different methods for paying for products and services, and they use them regularly. Payment by debit cards, credit cards, mobile apps and even text messages are commonplace. So when
Payment gateways are a software application that authorizes a payment from a consumer to a business or financial institution. Gateways are the online equivalent of a physical point-of-sale terminal (a card-swipe device) located in most retail outlets. Payment gateways are required for online transactions to protect credit card details by
When it comes to collecting rents, a significant quantity of property management companies still collect paper checks. According to a survey by the Association of Financial Professionals, the most common form of payment is still the old-fashioned paper check. The survey showed that paper checks are used, on average, 50%
An Interactive Voice Response (IVR) system is call center software that enables callers to service their account or make payments using spoken or typed commands on the telephone keypad without needing to talk with an agent. With an IVR system, the callers can make debit card, credit card, or Automated Clearing House (ACH) payments 24 hours a day.
When a property management company is small they may collect the rents in the form of paper checks. As they grow, they may consider using the services of a payment processor because the payment processing software will automate a large number of tasks and ensure speedy collection of rents. Before making a decision on which payment processor to use, here are some important components to consider.
According to MarketPlace.org, roughly half of all U.S. consumers paid bills online in 2013. Based on information from Pew Research and the Federal Reserve 56% of consumers pay at least one bill online per month via online banking and almost 70 million U.S. consumers do their banking online. If your