Best in Class medical payments program offered by Health pay
Cash Discount vs. Standard Credit Card Pricing, which works best for your business?
Cash Discount programs offer a powerful way for businesses to reduce or eliminate the high costs of credit card processing by passing a small service fee to customers who choose to pay with a card, while providing a discount to those who pay with cash. Unlike standard processing, where the business absorbs all transaction fees, Cash Discount allows merchants to preserve more of their profits on every sale. This approach is fully compliant when implemented correctly and can result in tens of thousands in annual savings—making it an ideal solution for cost-conscious businesses looking to improve their bottom line.
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Contact us today to schedule a free consultation with one of our medical payment's experts. We'll assess your current payments practices, cost and fees and provide customized solutions to help you improve your revenue cycle management.
Let's take a look at your payment options
Option 1: Simple Pay
Option 2: Split Payments
Option 2: Split Payments
You pay a 2.69% charge and $0.10 cent per transaction on all credit card fees. 3.39% and $0.19 on all business and card-not-present transactions. Typically less expensive than competitors. Please provide a statement for analysis.
Not Free but definitely a savings!
Option 2: Split Payments
Option 2: Split Payments
Option 2: Split Payments
Uncomfortable with charging your client the whole credit card fee but still want to reduce your credit card bill. No problem. Split Payment is your next option. Health Pay will charge your patient 2.25% and your office 2.25% across all cards. This will typically save your office about 15% to 25%. Saving you thousands per year.
Not Bad!
Option 3: 3% Visa Compliant Surcharging
Option 3: 3% Visa Compliant Surcharging
Option 3: 3% Visa Compliant Surcharging
Give your clients the option of a Visa-compliant surcharge of 3% on payments made with Credit cards. No fee can be charged to debit cards or cash. The choice is theirs.
Reduces your credit card fees by roughly 50% and drives 10% more checks and cash.
Cutting your bill in half works, right?
Option 4: Dual Payments
Option 3: 3% Visa Compliant Surcharging
Option 3: 3% Visa Compliant Surcharging
The credit card price is the price and the customer gets a 4% savings by paying with checks or cash. This percentage allows you to completely wipe out your entire credit card bill, saving you $1,000s if not tens of $1,000s annually.
Makes you happy doesn't it!
ACH Payments. Give your Clients Options!
Give Clients Options with ACH Checking
ACH (Automated Clearing House) payments offer a powerful alternative for customers who prefer to avoid credit card fees, making it a valuable secondary payment option for any business. With digital ACH, customers can pay directly from their bank account, often with no transaction fees—helping businesses reduce processing costs while giving clients a fee-free payment option. By including ACH with every account, we empower merchants to offer true payment flexibility, allowing their customers to choose how they pay. This not only enhances the customer experience but also increases the likelihood of faster and more consistent payments while increasing office profitability.
Cost: $2.50 per check and .50% over $10,000
