Why It’s Time For Your Healthcare Practice to Go Digital With An Online Payment Gateway
In today’s digital age, businesses across various industries are embracing online payment solutions to streamline their operations, and the healthcare sector is no exception. One aspect of this transformation involves the incorporation of an online payment gateway, a transition that yields substantial benefits for both healthcare providers and patients. With PayChoice Australia, we will delve into the reasons why now is the right time for your healthcare practice to embrace the digital revolution and seamlessly integrate an online payment gateway into your operations.
What is an Online Payment Gateway?
An online payment gateway empowers businesses to facilitate the acceptance of credit and debit card (EFTPOS) payments, both in online and in-person transactions. It acts as the bridge between payment processors and your account provider, ensuring the seamless flow of funds. These payment gateways encompass versatile point-of-sale (POS) terminals capable of receiving credit card information, whether from physical cards or via smartphones. When you use our online payment gateway at PayChoice Australia, you enhance your customers’ choices and flexibility. Furthermore, our system is fortified with the PCI DSS Tier 1 security, providing peace of mind for you and your clients.
Why Your Healthcare Practice Needs to Transition into an Online Payment Gateway
Increase Financial Turnover and Improve Patient Experience
In response to the changing preferences of patients who seek healthcare services that provide the convenience of instant booking and payment, it’s imperative for clinics and healthcare practices to adapt and cater to these demands. Embracing this change also increases your financial turnover, as it allows for immediate payments instead of relying on insurance-based financing, which can be a lengthier process. Furthermore, the transition can decrease uncollected payment amounts while providing convenience for patients, thereby fostering a sense of loyalty and trust in your practice.
Handle the Complexities of Healthcare Payments
Managing healthcare payments can be complex as it involves multiple stakeholders, including patients, insurers, and healthcare providers, each with unique payment requirements. However, the integration of online payment gateways facilitates insurance claim payments by securely processing payments from insurance companies to healthcare providers. Additionally, for healthcare practices that serve patients requiring ongoing services like physical therapy, online payment gateways facilitate the implementation of recurring payment plans.
Improve Efficiency
Paper-based procedures in healthcare, such as the printing and mailing of patient statements and bills, can be costly and labour-intensive for your clinic. By implementing a payment gateway, you can digitise these practices, reducing operational costs while increasing efficiency. This allows you to redirect your focus toward providing excellent customer service and managing core operations, such as evaluating your service performance and healthcare provision. Furthermore, payment gateways simplify bookkeeping and paperwork processes. With digital invoices, you can eliminate the manual tracking of patients who have received invoices, those who have made payments, and those who need follow-up regarding unpaid balances.
Grow Your Practice Through Telemedicine
Once you’ve become proficient with online payment gateways, you can expand your healthcare practice to include telemedicine and virtual consultations. This trend has experienced significant growth, particularly in the wake of the pandemic, increasing nearly 38-fold. With online payment gateways in place, patients can now access online consultations and conveniently make payments using their preferred digital methods. Additionally, your practice can support remote patient monitoring, allowing patients to receive virtual care while securely and promptly handling payments for your clinic. Ultimately, utilising an online payment gateway empowers healthcare providers to offer flexible online payment options to patients, enabling them to settle their bills from the comfort of their homes.
Set up Your Online Payment Gateway with PayChoice Australia
All in all, implementing an online payment gateway for your healthcare practice is a mutually beneficial arrangement for both you and your patients. While your patients receive top-notch care from your practice, you can enhance your service offerings without the need for laborious payment tracking. At PayChoice Australia, we provide payment gateways that offer low transaction fees, robust security measures, and seamless integration with your existing software. Contact us today to set up your payment gateway or find the best payment solution tailored to your medical services.