“Since my client has been using the TransEngen system, patient collections have increased five-fold. We’ve seen a tremendous growth in receivables. The Card on File feature eliminates the need to send bills to the patient. At 1,000 statements a month, that’s a savings of $420 in postage alone, not to mention the costs to generate the bills. It makes my life easier in terms of having to collect from the patient. It’s working beautifully.”
Barbara
Owner of Medical Billing Company
El Paso, TX
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Payment Processing
The TransEngen Revenue Maximizer is a patient Payment Processing System powered by Maas Global Solutions. It allows you to tie the patient account, provider, location, department and claim ID to the payment transaction for easy reconciliation. You can also view payment activity for multiple locations on one system, from just one merchant account.
Using the special payment features such as Card on File and Schedule Payments, you can experience an increase in cash flow by capturing and storing a form of payment from your patients. In these uncertain economic times, collecting payments in a timely and efficient manner is more important than ever.
- Processes major credit and debit cards
(VISA®, MasterCard®,American Express® and Discover)
- Supports direct debit from patient’s checking or savings account and converts paper checks to electronic funds transfers
- Generates detailed transaction reports by patient, office location, provider and date
- Protects patient information using standard security and operational standards to protect card and account holder data and processes all transactions with PCI Level One Certified partners
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The TransEngen Revenue Maximizer offers these special healthcare-specific payment features:
Card on File
Store a patient’s bank account or credit card information to collect a one-time payment or for future use against post-insurance balances. Card on File is convenient if you have patients who visit often, but do not want to write a check or give you a credit card every time they visit. With the
system-generated authorization form, obtaining a patient’s approval for payment is fast and hassle-free.
Store patient information safely and securely for use in future payments.
Schedule Payments
In the event a patient cannot pay the total amount due at time of service, the TransEngen Revenue Maximizer lets you split that amount into smaller payments that the patient can afford. This feature eliminates the need for sending bills and statements to your patients every week or month, and the patient
authorization form speeds patient set up.
Set-up automated patient installment plans for larger balances to reduce monthly billing and collection tasks.
Comparison of Payment Processing Systems
The TransEngen Revenue Maximizer, designed specifically for healthcare providers, has numerous advantages over a traditional point-of-sale terminal.
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TransEngen Revenue Maximizer
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Traditional POS Terminal
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Process credit card payments
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Designed specifically for healthcare practices
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Offers patients a variety of payment options
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Convert paper checks to electronic fund transfer (EFT)
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Store credit card and bank account data for use with future or recurring transactions
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Create and manage installment plans for patients
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Attach patient account information, provider name, location, department, claim ID (if applicable) and date of service to each payment
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Requires costly dedicated phone lines and point-of-sale devices
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The TransEngen payment gateway is powered by Maas Global Solutions Corporation, a PCI Level One compliant service provider.
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