August 23, 2010 – Deerfield Beach, FL - MedChoice Financial, a national medical financial company, has released M100, a flexible payment program designed to support healthcare practices with electronic processing and direct transfer of payments. Laser hair removal/restoration, cosmetic, dental, chiropractic and medical practitioners are now able to manage their accounts receivables (payments from patients) using a fast and easy to use online patient payment program that MedChoice Financial developed to increase efficiency and facilitate automated collections.
Medical practices can now offer the M100 service to patients, thereby allowing them to treat those that may have lacked the credit to borrow yet have the cash to make monthly payments. Practices can substantially increase the amount of treatments completed and grow their monthly accounts receivable base.
“What makes M100 so innovative is that after patients make nine consecutive payments, the M100 program ensures that practices can recoup up to 90% of any outstanding amount due,” said Valerie Harding, MedChoice Financial’s spokesperson. “Medical practitioners can really leverage the M100 and achieve an effective payment program that helps grow their business, serve more patients, reduces costs and automates patient financing.”
M100 enables medical practices to treat more patients by lowering administrative costs and expediting cash flow. It also opens up care to patients whose credit was previously an obstacle. MedChoice Financial allows healthcare providers to create customized payment programs for patients based on recommendations, which can also be tracked through an easy web portal to manage account receivables and eliminate patient disputes. Once patients are enrolled in M100, MedChoice Financial will take on the responsibility to electronically charge patients monthly for the amount due and will automatically transfer the money directly to the practices’ financial accounts, often through the popular automatic bill option.
About MedChoice Financial
MedChoice Financial, headquartered in Deerfield Beach, FL, is a national medical financial institution that services the medical community (medical, dental, cosmetic, chiropractic) and its patients with flexible, convenient financing solutions. Dedicated foremost to superior customer service, MedChoice Financial has become one of the largest and fastest growing elective medical financing companies in the nation. For more information, visit www.medchoicefinancial.com