What Is a Payment Facilitator?

credit card payment facilitator abstract

Payment facilitators make it faster, cheaper, and easier to process payments. Find out more about how using a payment facilitator can:  Help you avoid the piles of paperwork otherwise required to open a merchant account  Reduce your risk and liability around fraud and chargebacks  What Is a Payments Facilitator?  A payment facilitator, also known as … Read more

How Does Payment Processing Work? 

Close up of card payment between customer and bartender in cafe

While the credit card transaction process may seem to take place instantaneously, a lot happens behind the scenes to ensure the payment is accurate and delivered on time.  Discover who is involved in each step of the credit card transaction process and how payment processing works.  Who Is Involved? The customer and merchant aren’t the … Read more

Everything You Need to Know About Payment Reconciliation

man doing payment reconciliation

A balanced account is a hallmark of good business. But how do you know your account is balanced? You might keep your receipts or keep it all on an organized spreadsheet, but are you comparing it to your actual bank statements? If you are, you’re already practicing the essential business process of payment reconciliation. Let’s … Read more

4 Ways to Improve Patient Collections

The importance of patient financial responsibility in healthcare—and its significance to hospital revenue models—is unlikely to decrease, and may become even greater. Read more about the true cost of patient payment collections. It’s vital for healthcare facilities to implement more successful methods of collecting on patient self-pay accounts. Consider these four best practices for improving … Read more

The True Cost of Patient Payment Collections

Due to the increase of patient financial responsibility, hospitals and health systems often experience difficulty collecting on those patient-pay accounts. In fact, most patient accounts are never paid in full. Research shows that 68 percent of patient bills under $500 are never paid, along with 86 percent of those between $500 and $1,000 and 99 … Read more