MedTech Breakthrough, an independent organization that recognizes the top companies and solutions in the global health and medical technology market, has named the Patientco’s payment platform as the “Best New Healthcare Payments Solution.”
Patientco’s consolidated billing and healthcare payments solution includes functionality for consumer-friendly digital communications. This includes eBills, SMS texts and printed statements. The solution also provides intuitive consumer-facing payment options, including affordable, self-service payment plans. By integrating communication with payment tools, Patientco translates patient engagement to payment dollars. That means Patientco delivers insights into the communication channel or method that best influences patient payment behavior. Through ongoing experiments via the company’s analytics platform, Patientco creates new insights to personalize engagement. This improves the patient payment experience while generating more dollars for Health Systems.
A Healthcare Payments Solution that Surpasses the Status Quo
“Patientco alleviates many of the challenges associated with patient payments because Health Systems and patients deserve better than the status quo,” said Bird Blitch, co-founder and CEO of Patientco. “Patientco’s platform dramatically simplifies the revenue cycle process for Health Systems, integrating with all major EHR systems to power automation. For patients, our technology delivers a better financial experience while making healthcare more affordable. This yields more payments today and builds patient loyalty for the future.”
The MedTech Breakthrough Awards recognize the innovation, hard work and success in a range of health and medical technology categories. This includes Robotics, Clinical Administration, Telehealth, Patient Engagement, Electronic Health Records (EHR), mHealth, Medical Devices, Medical Data and many more. The 2019 program attracted more than 3,500 nominations from over 15 different countries throughout the world.
“Today’s healthcare billing and payment process often leaves patients frustrated, negatively impacting their overall experience with the Health System,” said James Johnson, managing director for MedTech Breakthrough. “Patientco, however, is completely changing this dynamic. Their healthcare payments solution provides a superior financial experience that is designed around the patient and their needs, so Health Systems see meaningful financial results.”