Key Highlights
- Partnership between PatientPay and Higher Standards to enhance healthcare payment processing.
- Seamless billing experience for patients with 70% paying via mobile phone.
- Increased payment rates by at least 25% and reduced collection costs.
Source: Business Wire
Notable Quotes
- “We’re dedicated to providing the highest level of customer service to our merchants and affiliate partners. Our partnership with PatientPay, and their expertise in healthcare payments, will help us deliver solutions more tailored to the nuances of healthcare.” — Bill Ernest, President at Higher Standards
- “At PatientPay, many of our clients see patient payments get processed within the first few minutes after we turn on our platform. Our ability to accelerate the time to collect payments and reduce paper statements by up to 50% is one of the reasons our partners depend on us.” — Tom Furr, CEO at PatientPay
SoHC's Take
This strategic partnership between PatientPay and Higher Standards represents a significant advancement in healthcare payment solutions. By leveraging the expertise of both organizations, healthcare providers can expect enhanced operational efficiency, higher payment rates, and a more streamlined billing experience for patients. As patient financial responsibility continues to rise, such innovative collaborations are essential in ensuring healthcare facilities can maintain financial stability and improve patient satisfaction.
