Medical Practices

Quickly collecting patient payments while keeping them linked to their accounts is critical for the success of any medical practice. Velocity provides products tailored to the unique needs of medical and dental practices.

  • Point of Service Payments
  • Over-the-Phone Payments
  • Web Payments
  • Remote Deposit Capture/Check Conversion
  • Recurring Payments & Payment Plans
  • Electronic Bill Presentment and Payment
  • Equipment Purchase and Leasing

HIPAA compliance adds to the complexity. Velocity eliminates this concern with their intuitive, fully-integrated and compliant payment solution.

EXPANDED PATIENT PAYMENT OPTIONS

Velocity enables medical practices to streamline the entire revenue cycle by expanding payment options for patients. The results include faster payment processing, a reduction in delinquent accounts and a decline in uncompensated care. Velocity combines traditional credit card processing with 24-hour, self-service web payment options, over-the-phone payments, check conversion and automatic recurring payment plans. Velocity allows medical practices to collect payments beyond office hours using convenient, self-service payment facilities and streamlines payments collected in the office. Velocity reduces transaction costs while lowering administrative costs and hassles.

24-HOUR ACCOUNT PAYMENT ACCESS

Velocity’s account profile management system provides medical practices with patient payment profiles, payment preferences and payment history. Administrators can establish payment plans for patients with large balances or delinquent accounts. Payment plans are also ideal for practices providing financing for specialty services not covered by insurance. These features offer healthcare providers and administrators a broader range of payment tools that result in improved payment processing and revenue cycle management. Efficient handling of co-pay and post-adjudication payments is essential to the modern medical practice.

EASY TO IMPLEMENT TURN-KEY SERVICE

Velocity provides turnkey services that include terminals, equipment leasing, transaction processing, implementation, training and 24/7 support. Velocity is the technology needed to meet the challenging demands faced by today’s medical practices.

Files to Download: 
Velocity for Medical Practices.pdf

ABOUT GOVOLUTION

Velocity is an electronic payment system and service provided by Govolution, LLC, a  wholly-owned subsidiary of First American Payment Systems. Velocity has been honed to meet the strict technical, financial and security standards of the U.S. Federal Government. Starting with payment processing, its modules enable a full spectrum of business activities including back-end reporting, data management and administrative tools that integrate with legacy accounting, cash management and CRM systems.