The Leading 18 Health Care Settlement Handling Companies

There are many different healthcare payment processing systems available, each with its own unique strengths and weaknesses. We’ve included a handful of the best ones below, each with its own benefits. Payline is our top pick if you have multiple locations and current software considerations. Square is a great option for those who want a simple solution that synchronizes between mobile and office locations, and has an array of add-on features.

PAYMENTCLOUD

PAYMENTCLOUD is a healthcare payment processing company that has a range of products and services to meet the needs of both in-person medical practices and telemedicine businesses. The company offers credit card processing, solid payment security, and industrious software integrations. They are also able to offer brand-friendly customer-facing communications. The healthcare payment processing company’s comprehensive suite of services eliminates the need for piecemeal solutions and saves time and money for your administration team.

PAYMENTCLOUD offers a centralized billing solution and HIPAA compliant devices. They can also accept payments over the phone or online. These features enable you to offer a variety of payment options, including card-not-present solutions. PAYMENTCLOUD has been in business for years, and their service is second to none. It offers HIPAA-compliant devices and virtual terminals as well as reporting dashboards and an unlimited number of users.

PaymentCloud is a merchant account provider that specializes in high-risk industries. Its products include online payment gateways, EMV-compatible terminals, and point-of-sale solutions. Their services also include merchant cash advances. Healthcare businesses will benefit from PaymentCloud’s ability to process payments online and on-site. This makes PaymentCloud one of the best health care payment processing companies. www.paymydoctor.com

SQUARE

The healthcare finance industry has been undergoing an unprecedented growth spurt in the past year, with startups like Square and Amazon emerging as the next big thing. By following the lead of Square and Amazon, healthcare companies can identify customers with the required financing criteria, and identify big changes in claims and payment patterns that can predict the amount of capital needed. However, this strategy has some downsides. Let’s take a look at some of the risks that Square faces.

For example, the company is expanding its small business product line with Square Capital. In addition to credit card processing and payment hardware, the company has added payroll services and loans through Square Capital. It also added a payment installment option to its Cash app in October, and reported its earnings last week. It beat expectations but missed fourth-quarter guidance. Despite the challenges of its growth, Square’s stock has been on a tear this year. CEO Jack Dorsey says customers are using the Square Cash app as a traditional bank.

DHARMA MERCHANT SERVICES

If you are a health care professional and are looking for a merchant account, consider Dharma Merchant Services. This San Francisco-based company is a certified green business and donates a portion of its net profits to charitable organizations. Dharma has a low price for health care payment processing and accepts payments from doctors, hospitals, veterinarians, and therapists. Dharma is a green business and offers interchange-plus pricing and Level 2 and 3 processing.

Dharma Merchant Services offers two types of processing options: Level 2 and Level 3. Level 2 processing rely on interchange rates and payment processing technology, while Level 3 processing is reserved for higher-volume merchants. Merchants processing more than $10k a month should consider Dharma’s lower-tier options. Merchants processing under $10,000 per month should consider PayPal Business or Square, which offer a similar level of service. Dharma also offers a discount for merchants processing $100,000 a year.

When selecting a payment processor, consider your business needs. Dharma Merchant Services offers customized set-up, in-house sales representatives, and a simple online pre-application. To avoid costly mistakes, make sure to have your business registration information ready. Then, contact Dharma Merchant Services to find out about their payment processing options. You can get started in a matter of days. paymydoctor

STAX BY FATTMERCHANT

Compared to other health care payment processing companies, Stax offers affordable rates and flexibility. It can process major credit cards and debit cards, and offers various integration options including virtual terminal, text2pay, and contactless payments. It also offers same-day funding and 48-hour funding. Users also enjoy multiple integration options and can choose to work with different hardware platforms. However, third-party integrations are available for a monthly subscription fee.

Stax is comparable to Stripe in many ways, including its API for developers and a month-to-month contract. Both services offer comprehensive dashboards and deep analytics for a business. Users can see customer demand split by inventory, find out when their business is busiest, and even analyze their online reputation. Both services are ideal for small and midsize businesses, but larger organizations can get a customized version of Stax. The Stax API allows larger companies to use the service to automate payment processing for multiple sites.

Stax is one of the fastest-growing fintech companies in the U.S. and has received awards from U.S. News & World Report and Fortune. Its cloud-based payment processing platform combines affordable services with a wealth of add-ons. Stax’s scalable payment platform can grow with your business and is a Level 1 PCI Service Provider. The company also offers comprehensive PCI compliance tools to help you comply with regulations and grow.

PAYMENT DEPOT

As a provider of health insurance and related services, PAYMENT DEPOT is one of your best options when it comes to payment processing. It offers several membership tiers and allows you to change your subscription whenever you need to. You can choose between monthly billing and annual billing, and can cancel at any time. The company’s dedicated support team will promptly respond to any questions you may have.

As of this writing, the company processes most major credit cards and debit cards. They also offer EMV card readers, Clover POS systems, and business funding. As a registered ISO of Wells Fargo Bank, Payment Depot is headquartered in Orange, California. The company’s president and co-founder is Danny Choi. According to Capterra, Payment Depot has received less than 10 public complaints over the last three years.

PAYLINE DATA

Payline Data has a reputation for providing a number of features at reasonable prices. The company also provides free equipment and software. The company also offers a variety of interchange+ rates and recurring payments, which reduces the frustrations associated with accepting recurring payments. The company’s security features are impressive, and they provide a variety of payment methods, including ACH.

Customer support is excellent, although Payline Data does not offer 24/7 assistance. The company offers an FAQ and email support, and it does not outsource its support to other companies. The company is accredited by the BBB since 2014, but there are only eight complaints listed on their website. It has also received 15 negative reviews, but the volume of these are small compared to the number of companies that use their service.

In addition to allowing doctors to receive patient payments on a tablet or mobile device, Payline also offers medical payment protection. This means that your patients will be safe from fraudulent charges, and the software will comply with HIPAA and regulatory standards. Furthermore, Payline’s “Medical” package offers simple cost-plus pricing, a centralized billing solution, and unlimited users.

CHASE PAYMENT SOLUTIONS

Chase Payment Solutions is one of the top credit card processors in the healthcare industry, and for good reason: they process payments by 5 p.m. PT, the same day most competitors can’t even manage. As a result, they offer healthcare and bill pay customers same-day deposits. In addition, they have one of the fastest payouts of any credit card processor, and in some cases, no fees at all.

The company acquired WePay in October 2017, which means it is now focusing on building e-commerce platforms. Its headquarters are at 14221 Dallas Pkwy in Dallas, Texas. This company has received more than 60 complaints with the Better Business Bureau, and is not currently a member. As of October 2017, it does not have a Better Business Bureau profile.

Credit

If you’re running an independent practice healthcare office, you probably have questions about credit card processing for health care payments. There are a lot of companies to choose from, and each has carefully thought out marketing materials and smooth-talking salespeople to entice you to become a client. You may wonder where to start. Here are some tips to help you choose the best health care payment processors. Weigh the costs and features of each, and then decide which one suits your practice best.

First, consider how much your credit card processing costs. Many health care facilities have been using credit card processing for years without realizing how much their accounts have grown. As a result, you may have lost track of the costs of your merchant account. MasterCard, Visa, and Discover all increase their rates twice a year. When choosing a credit card processing company for health care, make sure you compare all your options and determine how much each one will cost you.