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Table of Contents

Lead Story

How to network like an industry leader - Part 1

News

Industry Update

Is Apple Pay secure enough?

Top three changes in PCI DSS v3.0

JPMorgan breach gets complicated

Features

Blazing a path for the unhappily banked

What to do when you've been choked

Wearables show payment potential

Views

Checks 'don't get no respect'

Patti Murphy
ProScribes Inc.

Education

Street SmartsSM:
EMV: A silver bullet in fraud prevention?

Tom Waters and Ben Abel
Bank Associates Merchant Services

Evaluating acquirer relationships

Alex Nouri
EFT Direct

Cascading, overlapping contracts for ISOs, agents, sub-agents and downlines

Adam Atlas
Attorney at Law

The hope and hype of merchant clubs

Dale S. Laszig
DSL Direct LLC

Company Profile

Mozido

New Products

Remedy for patient payments

Navicure Payments
Navicure Inc

Analytics for mainstream merchants

MainStream Insights
MainStream Merchant Services Inc.

Inspiration

Spin good yarns to boost sales

Departments

Readers Speak

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

October 27, 2014  •  Issue 14:10:02

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New Products

Remedy for patient payments

Product: Navicure Payments

The National Center for Health Statistics estimates that 20 to 30 percent of patient accounts are written off each year as bad debt. One of the leading causes cited is the rising number of patients, 32 percent in 2013 versus 19.2 percent in 2008, who have greater out-of-pocket expenses because they are enrolled in high-deductible health plans. Cloud-based healthcare billing and payment provider Navicure Inc. has a potential remedy with its Navicure Payments platform.

"Patients are now among the healthcare industry's largest payers, in some cases surpassing Medicare and Medicaid," said Jim Denny, co-founder and Chief Executive Officer of Navicure. "To continue to thrive, healthcare organizations must collect patient payments at or near the time of service and no longer rely solely on patient statements, which can come months after care and long after the patient remembers what procedures were performed."

Navicure noted it serves over 50,000 healthcare providers nationwide with its automated accounts receivable, claims management, patient eligibility verification, remittance and denial management billing and payment services. With its new platform, healthcare organizations are now able to estimate

Additional benefits of Navicure Payments include:

According to Navicure, the estimated patient financial responsibility feature eliminates the need for healthcare organizations to enter or manage complex payer contracts, which provides greater pricing transparency to patients. Securing a commitment to pay when service is rendered, enables providers to arrange payment plans to run automatically under established guidelines. Collecting remaining balances after insurance adjudication can also be automated.

"Throughout our history, Navicure has been dedicated to helping organizations collect more revenue from payers faster and with less effort," Denny said. "Now we're doing the same with regards to collecting from patients with the launch of Navicure Payments."

www.navicure.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM