QPS is Latest mPay Gateway Reseller and Merchant Processor
MPay Gateway, a Minneapolis, MN, company specializing in point of care patient payments, announced today that Qualified Processing Services (QPS) of Boca Raton, FL, is mPay Gateway's newest reseller and merchant processor. The reseller agreement allows QPS to market mPay Gateway's web-based software for facilitating point of care electronic patient payments to health care providers. Additionally mPay Gateway will leverage QPS's premium merchant service model for payment processing.
Minneapolis, MN (PRWEB) April 18, 2008
mPay Gateway, a Minneapolis, MN, company specializing in point of care patient payments, announced today that Qualified Processing Services (QPS) of Boca Raton, FL, is mPay Gateway's newest reseller and merchant processor.
The reseller agreement allows QPS to market mPay Gateway's web-based software for facilitating point of care electronic patient payments to health care providers. Additionally mPay Gateway will leverage QPS's premium merchant service model for payment processing.
"We are thrilled to be partnering with QPS," said John Wallace, Senior Vice President for mPay Gateway. "QPS is well-known in the industry for providing high quality customer service. They are eager to expand their presence in healthcare and we look forward to leveraging their industry experience in providing solid solutions and excellent customer service."
"We see the relationship with mPay Gateway to be a good fit for both companies," said Mitch Breslow, principal for QPS. "We believe the demand for the service mPay Gateway provides is at a tipping point, especially as patients become responsible for an ever-increasing portion of the medical bill. We look forward to providing medical professionals with a solution that addresses these growing bad debt issues. In addition, our combined services will allow for better management and control of their funds."
MPay Gateway delivers web-based software that facilitates point of care electronic patient payments to health care providers. The company's unique approach enables providers to obtain patient payments while the patient is still at their facility, thus reducing bad debt exposure and the need for post-service billing and collection.
The average physician practice in the US today writes off fifty cents of every dollar billed to patients after the patient leaves the office due to inefficient collection processes and confusing insurance plans. The mPay Gateway product simplifies the patient-provider encounter and enables the provider to collect from the patient when the services are rendered, thus reducing bad debt exposure and the need for post-service billing and collection.
About mPay Gateway
MPay Gateway provides health care facilities a virtual POS terminal for accepting credit and debit cards for patient co-payments and other known charges. Providers are able to quickly process an authorization amount based on a system-estimated patient liability estimate. Much like the process in the rental car and hotel environment where the customer's card is not charged until after the customer leaves, the mPay Gateway system allows the provider to hold the authorization until the third-party payer has submitted a final remittance advice to the provider.
MPay Gateway was formed in January 2004 by former executives of eBenX (a pioneer in technology to support transactions between health plan sponsors and payers) to develop financial technology solutions addressing the complex payment requirements unique to the health care environment. mPay Gateway's integrated and comprehensive management software is distributed to physicians, hospitals, and other healthcare providers through financial services companies and healthcare information software and support providers.
For more information please visit www. mpaygateway. com.
About QPS
Qualified Processing Services, LLC (QPS) was established in early 2006 as a premium service and direct marketing arm for a large nationwide processor, Superior Financial Systems (SFS). On behalf of major financial institutions, SFS underwrites, establishes, and supports all of its merchant accounts in-house. The principals of QPS/SFS have over thirty years of bankcard experience and have managed billions of dollars in processing volume.
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