While most businesses work with high-risk merchant account providers to set up payment processing solutions, healthcare companies face additional challenges due to the sensitive nature of the industry. PayGround, a US-based healthcare payment processing company, recently launched its Payment API allowing organizations to streamline payment processing.
The new API can be directly integrated into the PayGround platform. With this new payment API, healthcare organizations can have payment processing capabilities with their existing system without interfering with patient involvement.
The Goal of PayGround’s New Payment API
PayGround’s Payment API is designed to help the healthcare industry improve its payment processing system. CEO of PayGround Drew Mercer said that the healthcare industry needs a new payment API to meet the complex industry-related challenges including HIPAA compliance.
The healthcare-specific Payment API is part of PayGrounds’ commitment to expanding its platform. Mercer further commented, “We’re excited to continue to grow PayGround’s capabilities to be able to offer multiple secure and effective payment solutions for our partners.”
PayGround Payment API is said to offer better services than its existing iFrame technology. While iFrame technology can be embedded into the healthcare provider’s system to collect payments, process credit card transactions, and show outstanding balances, the new payment API offers a more sophisticated solution.
The payment API allows healthcare institutions to retain user information in their systems to pay their bills. Also, Payment API has the capability to process one-time payments using digital wallets or manually enter credit card details.
Moreover, the payment API also has the capabilities of processing recurring payments using a previously used and stored digital wallet item. PayGround’s payment API can also issue a refund for a transaction or void it altogether. In addition, PayGround Payment API has reporting tools for settlement and reconciliation.
Benefits of PayGround Payment API
Healthcare providers can focus more of their time on their business while Payment API does the payment processing. With Payment API, clinics and hospitals can manage, track, and collect payments all in one place.
- There is no need to replace your current system because PayGround Payment API will work with what you are already using. Provide services to your patients while boosting revenue and fostering patient engagement.
- Aggregate invoices across departments through one payment request, which helps reduce the time it takes to submit and complete payment requests.
- Payment API integrates with your Electronic Medical Records (EMRs) for automated workflows. This does not only equate to reduced human labor and human error but also improved overall patient experience.
- Using PayGround Payment API also gives patients the option to pay via the website or the app. Payments are automatically posted and tracked, helping healthcare organizations and medical providers cut back on manual posting, tracking, and payment management.
Any organization providing patient care can benefit from PayGround Payment API. It will simplify and accelerate the whole process. This innovation removes the complexities of patient billing and fights healthcare cyberthreats to protect patient privacy.
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