AxiaMed has announced a collaboration with CareCredit to provide secure patient payment options through AxiaMed's payment platform.
AxiaMed is an industry leader in payment technology, focused on facilitating patient payments.
CareCredit is a health and wellness credit card used to pay for out-of-pocket expenses not covered by medical insurance – and includes promotional financing options that may not be available with general purpose credit cards.
Healthcare providers can inform patients of an easy financing option – and they can receive an instant credit decision – helping to remove financial pressure from the payment interaction and allowing the patient to purchase the recommended services without delay.
This integrated solution makes it easier for healthcare providers and their Electronic Health Records system (EHR), Revenue Cycle Management systems (RCM) or Practice Management Software (PMS) systems to accept CareCredit transactions.
"We're delighted to partner with CareCredit to offer healthcare providers a unique, integrated solution designed to make it easier than ever to provide patients with the payment option of CareCredit," said Randal Clark, CEO and co-founder of AxiaMed. "It's an absolute win-win for everyone – providers want to offer CareCredit to patients as it enables them to purchase services they couldn't otherwise afford and ensures payment to the practice; patients count on being able to use CareCredit in order to pay for treatments and services. And plugging into CareCredit won't create any extra work or expense for independent software vendors (ISVs)."
Providers will have digital access to signed receipt copies and see CareCredit transaction details displayed directly in their PMS. CareCredit cards can be read and encrypted by AxiaMed's PAX payment devices and payments will automatically be reflected in the patient's ledger, just like any other card payment type. This will help reduce risk and fraud exposure for providers.
"Today's patients expect options and flexibility," said Shannon Burke, general manager, Health Systems, CareCredit, a Synchrony Solution. "Our partnership with AxiaMed offers millions of CareCredit cardholders a more user-friendly payment experience with new, enhanced terminal technology that delivers a streamlined, convenient transaction."
More than 11 million CareCredit cardholders can now have a checkout experience where they can view and compare monthly payment amounts, term lengths, and applicable interest rates on a responsive, HD touchscreen.
