Key Highlights
- PatientPay and ClearGage merge to deliver the industry’s leading digital billing platform.
- Enhanced patient payment solutions for medical groups, specialty practices, and community hospitals.
- Key advancements include: expanded virtual card processing, improved user experience, and streamlined onboarding.
Source: Business Wire
Notable Quotes
- “Our shared ability to remove friction from the patient financial experience and collect payments quickly is why our clients continue to rely on us to protect and grow the financial health of their organization.” — Tom Furr, CEO at PatientPay
- “We’re thrilled to join forces with PatientPay to continue developing innovative technology that aligns the consumer experience with the financial goals and needs of healthcare organizations.” — Ryan Zemmin, CEO at ClearGage
- “We essentially doubled our daily collections by using PatientPay. And our cash collections have stayed at that level since we went live with them at the end of 2022.” — Janet Carbary, CFO at Integrated Rehab Group
SoHC's Take
The merger of PatientPay and ClearGage signifies a significant step forward in the digital transformation of healthcare payment systems. By integrating the strengths of both companies, the new platform is poised to address the ongoing challenges of patient payment collections, especially in an era where rising operational costs and patient financial responsibility are critical issues. This merger not only enhances the patient experience but also positions healthcare providers to optimize their revenue cycle management through advanced technology solutions. The future of healthcare payments is undeniably digital, and this merger underscores the importance of innovation in sustaining the financial health of medical practices and hospitals.
