Moneris Solutions Forms Strategic Partnership With Henry Schein MicroMD

Payments and Medical Software Leaders Team to Provide Integrated Payment Solutions to Health Care Practices

SCHAUMBURG, Ill.--()--Moneris Solutions, one of North America’s largest payment processors, announced today it has formed a strategic partnership with Henry Schein MicroMD, a leading provider of practice management and electronic medical records management software for medical practices and a subsidiary of Henry Schein, Inc., (NASDAQ: HSIC) the world’s largest provider of health care products and services to office-based dental, medical and animal health practitioners.

Moneris will integrate its proprietary eSelectPlus payments gateway with encrypted card reader functionality into the upcoming new release of Henry Schein MicroMD’s Practice Management (PM) software, enabling Henry Schein MicroMD customers to process patient credit and debit card payments directly through their MicroMD PM software. By eliminating the need for a traditional credit card terminal or stand-alone payment system, the new integrated solution will substantially reduce payment processing and equipment costs; the integrated card reader, which encrypts cardholder data before it reaches the Henry Schein MicroMD PM, helps protect patient account information and keep practices within the scope of PCI-DSS compliance. With payment processing functionality built into the overall practice management solution, it will be possible for payment information to be easily moved around the system to patient and accounting ledgers, reducing bookkeeping errors while boosting staff productivity.

Moneris will soon integrate its eSelectPlus gateway into Henry Schein MicroMD’s on-line statement presentment and bill-pay solution, enabling Henry Schein MicroMD customers to offer patients the security and convenience of receiving and paying their medical bills electronically.

“It’s not often you have the opportunity to partner with a company the caliber of Henry Schein MicroMD”, said Chris Lee, President, Strategic Partnerships and Emerging Markets for Moneris Solutions. “The Henry Schein MicroMD name is very well-known throughout the health care industry and their solutions are considered best-in-class. We look forward to working with them and bringing secure, affordable integrated payment solutions to their medical practices.”

“Moneris Solutions was a natural choice for our payment processing partner”, said Bruce Lieberthal, Vice President, General Manager, Henry Schein MicroMD. “They have considerable experience in the health care industry and understand the unique needs of medical practices and the business challenges they face. They also have a long, successful history of building, growing and supporting integrated partnerships, which really appealed to us.”

The new version of Henry Schein MicroMD PM software with integrated payments along with Henry Schein MicroMD’s new online statement presentment and bill pay solutions are both scheduled for release in early January 2013.

About Moneris Solutions

Moneris Solutions is one of North America's largest payment processors. A joint venture between Royal Bank of Canada and Bank of Montreal, which combined have assets of over $700 billion, Moneris Solutions provides payment processing solutions to over 350,000 merchants and processes more than 2 billion transactions annually. For more information, visit www.monerisusa.com.

About MicroMD

The Henry Schein MicroMD brand of practice solutions encompasses simple yet powerful electronic medical records and practice management software that help facilitate the delivery of superior patient care; automate incentive and quality reporting activities; and streamline operations for today’s busy providers. Full-featured, time-tested and budget-friendly, the MicroMD CCHIT-certified, award-winning software helps small practices, large medical groups, community health centers and billing services accelerate progress towards a paperless environment and health information exchange with minimal disruption and stress. High client retention rates attest to its market-leading presence and client-centric focus. Visit us at www.micromd.com or call 1-800-624-8832.

About Henry Schein, Inc.

Henry Schein, Inc. is the world’s largest provider of health care products and services to office-based dental, medical and animal health practitioners. The Company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites. A Fortune 500® Company and a member of the NASDAQ 100® Index, Henry Schein employs more than 15,000 Team Schein Members and serves approximately 775,000 customers.

The Company offers a comprehensive selection of products and services, including value-added solutions for operating efficient practices and delivering high-quality care. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 90,000 national and Henry Schein private-brand products in stock, as well as more than 100,000 additional products available as special-order items. The Company also offers its customers exclusive, innovative technology solutions, including practice management software and e-commerce solutions, as well as a broad range of financial services.

Headquartered in Melville, N.Y., Henry Schein has operations or affiliates in 25 countries. The Company’s sales reached a record $8.5 billion in 2011, and have grown at a compound annual rate of 18 percent since Henry Schein became a public company in 1995. For more information, visit the Henry Schein Web site at www.henryschein.com.

Contacts

Moneris Solutions
Terry Banike: 847-240-7553
terry.banike@moneris.com

Release Summary

Payment processor Moneris Solutions has formed a strategic partnership with Henry Schein MicroMD, a leading provider of medical practice management and electronic medical records software

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Contacts

Moneris Solutions
Terry Banike: 847-240-7553
terry.banike@moneris.com