SILICON VALLEY, Calif.--(BUSINESS WIRE)--PracticeSuite, a Silicon Valley, California-based SaaS physician Practice Management Software platform and Revenue Cycle services company serving over 57,000 medical professionals, announced today that it had completed an integration to Payment Data Systems’ technology (Nasdaq:PYDS) and as a result, will launch its ePayments offering to existing and future physician clients across its Revenue Cycle Management, Practice Management and prior authorization automation solutions this month.
The ePayments launch represents an additional level of timely functionality needed by physicians who have seen patient responsibility rise 400% over the last decade, and is still on the rise, out-pacing insurance premiums by 6%, according to a recent Kaiser Foundation report.
“The ability for our doctors and their office staff to conveniently accept virtually any type of electronic payment – over the phone, at the point of service, or within the patient portal – creates a smoother patient experience and helps to eliminate costly and inefficient statements and post-visit collections,” cites Trey Wilson, SVP of Corporate Development at PracticeSuite. “It goes a long way to enhancing the physician-patient relationship by allowing the practice to focus on patient care rather than patient balances. Finally, it helps our physicians practice profitably, which is our goal and mission.”
Serving over 57,000 medical professionals, PracticeSuite provides a single platform, whole practice solution that offers an affordable cloud-based practice management system, electronic health record software, medical billing software, patient portal, and revenue cycle management services (RCM). With vast experience in medical billing, and a unique set of financial diagnostic tools, PracticeSuite provides deep insight into the fine-tuning of a doctor’s bottom line revenue and top-line profitability. Visit their website. Watch intro Video.
About Payment Data Systems, Inc.
Payment Data Systems, Inc. (Nasdaq: PYDS) is a leading integrated payment solutions provider offering a wide range of payment solutions to merchants and billers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to their clients. Payment Data Systems, Inc. is headquartered in San Antonio, Texas, and has offices in Franklin, Tennessee, just outside of Nashville.