Better Patient Payment Options
The healthcare industry faces the challenge of re-engineering outdated patient payments systems which cannot keep pace with new consumer expectations and technology that provides new and more convenient payment channels. The complexity of payment operations and management processes also impacts providers' revenues and the cost of delivering healthcare services.
Many healthcare providers are turning to J.P. Morgan because of our deep knowledge of and experience with healthcare payment systems. Our innovative, industry-leading solutions facilitate patient payment, payer remittance and payment processing. J.P. Morgan healthcare clients benefit from improved collection processes, operational efficiencies and data reporting.
Pay ConnexionSM - A configurable, fully hosted, PCI-compliant, third-party payment collection system, which catalogues data, such as statements, invoices, eChecks, and card payments, in accordance with federal privacy rules, allowing for instant access and reduced fraud threats.
Merchant Processing - Chase Paymentech™ improves accounts receivable through international processing, fraud tools, and the ability for organizations to extend their services on location and beyond. Healthcare organizations benefit from improved anti-fraud measures, superior service from knowledgeable account managers and technical support.