|[April 17, 2012]
TransEngen Provides Unique Technology for Patient Payment Integration
WILTON, Conn. --(Business Wire)--
Inc., a leading provider of patient payment processing solutions for
healthcare, announced it has successfully integrated its payment
platform with several more practice management systems (PMS) and
hospital information systems (HIS). Traditional payment systems operate
in a stand-alone fashion and are not connected to a PMS or HIS. The
result is a labor-intensive environment where administrative staff must
manually track patient payment data at check-in as well as post payments
back into their system once the patient encounter has concluded.
The TransEngen payment platform, called the "Revenue Maximizer," has
successfully been integrated for customers using a variety of leading
practice management systems in the past and now includes GE Centricity®,
NextGen®, Medisoft®, and Cerner (News - Alert)®, among others.
"What makes our Revenue Maximizer solution unique is our ability to work
with a variety of patient payment trasactions and convert them into
file formats that can be ingested directly into multiple practice
management systems and hospital information systems," said Michael
Pileggi, Executive Vice President of Sales at TransEngen. "When you are
able to take a VISA transaction, convert it into an HL7 file or XML file
format, automatically post it into the patient's billing record and then
notify the patient via email that their card has been processed and no
balance is due, you have created a very connected, efficient and precise
revenue management cycle."
Because patient payment is now a significant portion of a providers'
overall revenue - almost 30%, according to the Medical Group Management
Association - it is critical that providers assess and collect payment
from patients at the point of care which is creating demand for virtual
payment platforms that are not only PCI (News - Alert) certified, but more importantly
"When healthcare organizations make the upgrade from a credit card
terminal to a HIPAA compliant payment platform that can take any form of
payment from anywhere, anytime they soon begin to ask for more
connectivity to their PMS or HIS as well as to their patients," added
Pileggi. "We are delivering that payment connectivity from the front
office to the back office and to the patients via email transaction
Healthcare organizations comprising over 30,000 providers* of varying
specialties and facility types across the U.S. are using TransEngen's
platform to drive efficiencies that reduce costs, improve cash flow, and
reduce patient bad debt.
About TransEngen, Inc.
TransEngen® is the nation's leading provider of healthcare technology
solutions designed to help doctors collect money from patients.
TransEngen delivers an intelligent transaction-based engine that
simplifies the patient payment process allowing healthcare providers to
efficiently assess patient financial responsibility at the point of care.
For further information, visit www.TransEngen.com.
*based on TransEngen system data as of 04/01/2012
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