AxiaMed Partners With CareCredit To Provide Integrated Payment Solutions For A Convenient And Streamlined Patient Experience
SANTA BARBARA, California, November 10, 2020 / PRNewswire / – AxiaMed, a leader in the payment technology industry, today announced a new collaboration with CareCredit, a healthcare credit card, to deliver a secure and efficient payment experience to patients through the platform. AxiaMed form of payment. CareCredit is a health and wellness credit card that can be used as a promotional financing option at over 240,000 healthcare facilities across the country for medical care, cosmetic and dermatological procedures, LASIK and vision care, dentistry, veterinarians, hearing care and other specialties. The innovative payment solution from CareCredit and AxiaMed is available on AxiaMed’s range of next-generation PAX Android payment devices.
CareCredit is 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. CareCredit works well for healthcare providers, providing a powerful benefit for the patient and the practice. Providers can proactively inform a patient that there is an easy financing option – and they can receive an instant credit decision – which helps take the financial pressure off the payment discussion and allows the patient to purchase recommended services without delay.
“We are 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 CareCredit payment option,” said Randal Clark, CEO and co-founder of AxiaMed. “It’s an absolute win-win for everyone – providers want to offer CareCredit to patients because it allows them to purchase services they might not otherwise be able to pay for and guarantees payment to the practice; patients rely on the ability to use CareCredit to pay for treatments and services. And connecting to CareCredit won’t create additional work or expense for Independent Software Vendors (ISVs). “
The seamlessly integrated CareCredit and AxiaMed solution enables healthcare providers and their electronic health record (EHR) systems, revenue cycle management systems (RCM) or practice management software (PMS) to accept CareCredit transactions. Providers have digital access to copies of signed receipts and see CareCredit transaction details displayed directly in their PMS. CareCredit Cards, including CareCredit® RewardsTM Mastercard, can be read and encrypted by AxiaMed’s PAX payment devices and payments will be automatically reflected in the patient register, like any other type of card payment. This can not only reduce the risk / exposure to fraud for providers, but also make it easier for patients to make payments.
“Today’s patients expect options and flexibility,” said Shannon burke, Managing Director, Health Systems, CareCredit, a synchronization solution. “Our partnership with AxiaMed provides millions of CareCredit cardholders with a more user-friendly payment experience through new and improved terminal technology that enables a simpler and more convenient transaction.
Over 11 million CareCredit cardholders can now enjoy a frictionless payment experience where they can easily view and compare monthly payment amounts, terms and applicable interest rates on a responsive HD touchscreen. Instead of sensitive discussions about financing health costs and heavy physical forms, patients and providers can enjoy confidentiality and efficiency in this innovative experiment that clearly presents only the applicable financing options for each combination. patient / provider / transaction. By leveraging the latest technology, AxiaMed can deliver this unique patient experience while making it easier than ever to accept CareCredit at the point of care and beyond for providers and technology partners.
To learn more, visit www.AxiaMed.com/CareCredit
AxiaMed is a healthcare financial technology company focused on facilitating patient payments. AxiaMed’s Payment Fusion is a cloud-based healthcare payment platform that integrates with various EHR and practice management systems, as well as revenue cycle, patient engagement and associated software applications to provide secure and flexible payment options to patients with state-of-the-art functionality and optimal workflows. Designed uniquely for the healthcare industry, the Payment Fusion platform provides unprecedented enterprise-level security, financial interoperability, and ease of scalability for any healthcare organization.
CareCredit, a solution of Synchrony, is a leading provider of promotional financing to consumers for health, veterinary and personal care procedures, services and products. For over 30 years, CareCredit has helped millions of people by providing special financing options with convenient monthly payments. CareCredit is accepted in over 240,000 locations for a wide variety of health and wellness procedures, treatments, products and services. More information can be found at carecredit.com.
Synchrony (NYSE: SYF) is a leading consumer financial services company. We offer a wide range of specialized financing programs, as well as innovative consumer banking products, in key industries such as digital, retail, home, automotive, travel, health and pets. company. Synchrony enables our partners to increase sales and retain consumers. We are one of the largest private label credit card issuers in United States; we also offer co-branded products, installment loans and consumer finance products for small and medium businesses and healthcare providers. Synchronization is changing what’s possible thanks to our digital capabilities, deep industry expertise, actionable data, seamless customer experience, and personalized financing solutions. For more information visit synchrony.com and Twitter: @synchrony.