Choosing a Telemedicine Payment Provider
SecureGlobalPay is a telemedicine payment provider specializing in assisting healthcare organizations with their merchant services and online payment gateway processing needs. They provide merchant account payment solutions to help streamline their business operations to become more efficient when providing virtual health services.
They do so by bringing together several different technologies and processes that allow medical organizations to save money, use valuable resources more effectively, and improve overall customer service.
Telemedicine is described as a remote sharing of medical services, information, and expertise. It’s a cost-effective way to deliver healthcare to rural or isolated communities. By using telemedicine, patients who live in remote areas can receive the same quality of care as those who live in more populated areas.
With telemedicine, patients no longer have to drive long distances for routine services. They can now do things like book appointments for checkups and consultations online, send photos of wounds to specialists, and access educational materials from their computers or mobile devices.
To continue this trend and optimize your telemedicine system further, you might want to explore high risk, high volume merchant accounts for the telemedicine industry and related services as they understand this niche market and have solutions in place to assist with the overall workflow.
What is Considered Telemedicine Payment Processing?
Telemedicine payment processing is a turnkey solution that is used to process payments for telemedicine services. These services may include but are not limited to, online consultations with a doctor, online medication ordering and delivery, online mental health counseling, and remote monitoring and treatment of chronic medical conditions.
Telemedicine payment processing software must be able to securely connect patients to their doctors, pharmacies, and other service providers and enable merchant processing of payments while protecting the privacy of both the patient and the provider.
The most common types of telemedicine payment processing are:
Merchant Solutions – These solutions are designed for small businesses that provide a wide range of services online (e.g., custom orders and online sales). They typically include setup tools for POS systems and card processors as well as customer relationship management (CRM) systems for tracking customer data.
Corporate Solutions – These systems are designed for larger global businesses that need to accept payments in multiple currencies and process large amounts of data. Some corporate solutions can also be used by smaller operations.
The Importance of HIPAA-Compliant Credit Card Processors
HIPAA-compliant credit card processing in healthcare is a must for any healthcare organization that handles protected health information.
HIPAA compliance means that the organization is following the minimum standards set forth by the U.S. Department of Health and Human Services for the privacy and security of protected health information (PHI).
This includes maintaining all appropriate safeguards to protect PHI from unauthorized access, disclosure, use, or modification.
There are requirements regarding credit card processing in healthcare that must be followed, including:
- Notifying patients of the collection and use of their PHI
- Storing PHI securely
- Obtaining required consent from patients before collecting or using PHI
- Protecting confidential patient information
- Disclosing credit card processing fees
There are several reasons why healthcare organizations should consider using a credit card processing solution that complies with HIPAA regulations.
- It reduces the risk of data breaches. If an employee loses or mishandles an important piece of information, there’s a good chance that it will end up in the wrong hands. With a credit card processing solution that complies with HIPAA regulations, this risk is greatly reduced since the sensitive information that is stored on the servers can only be accessed by authorized users.
- It reduces administrative costs. Instead of having to manually process and keep track of different procedures, these can instead be delegated to a processing service. This frees up time and resources that can then be used for more important tasks.
- It provides better customer service. Easy and secure payment options are appreciated by customers.
What is the Best Online Payment Gateway for Telemedicine?
There are quite a few different types of online payment gateways for telemedicine available.
Before choosing one of the many international payment gateways, it’s important to research the various features and capabilities offered by each one. For example, some gateways offer more advanced features like account funding and recurring billing. Others may have additional security measures like multi-factor authentication or fraud detection algorithms.
It’s always important to consider the costs and fees associated with online payment gateway for telemedicine. However, when choosing an international payment gateway, it’s best to go with a provider that has multiple cross-border acquiring relationships that can help facilitate card acceptance on a global scale.
There are always security concerns with online high risk business credit card processing. The main concerns are fraud and data breaches. In addition to basic security, you’ll need to ensure that your online payment gateway is secure and has high-level encryption.
It’s also important to find a payment gateway that’s compliant with HIPAA regulations and PCI standards. These payment gateways must be able to handle sensitive patient information securely.
Finally, you will always want to make sure that your online payment gateway is connected to a high volume merchant account that has reasonable rates and fees due to the high volume of transactions processed. This will keep your costs down while still providing a secure platform for your patients to pay for their services.
Where Do I Find a Reliable Telemedicine Payment Provider
To find a reliable telemedicine payment provider, it’s important to look for several key factors.
The first is whether or not the telemedicine payment provider’s platform uses an integrated payment system and payment gateway that allows patients to pay their bills using a credit card. If this is the case, patients will save time and hassle.
Another important factor to look for when searching for a reliable telemedicine payment provider is whether or not the company has a good track record.
While most companies are trustworthy, it’s still important to find out if there have been any complaints filed against them in the past so you can decide for yourself if you want to do business with them.
Of course, if you are interested in a reliable telemedicine payment provider, SecureGlobalPay is a leading telemedicine payment provider.
How Do I Apply for Telemedicine Merchant Services
Telemedicine Merchant Services, or TMS for short, are the merchant services that power online medical practices. If you’re ready to jumpstart your telemedicine practice with a set of reliable and scalable tools, then TMS is the right fit for you.
To start, you’ll need to submit an application. Once approved, TMS will provide you with a secure web-based platform where you can store your medical records and conduct business with patients around the world.
Next, you’ll need to find a location to operate from. Ideally, this should be close to where most of your patients are located but it’s not necessary.
Finally, you’ll need to hire employees who can handle support and treat patients during peak hours.
How Do I Set Up a Telemedicine Merchant Account
Setting up a telemedicine merchant account is one of the first steps you will need to take before you can start accepting payments online.
In general, this involves opening a merchant account that is specifically designed for telemedicine services. This will allow you to accept credit card payments online while also providing you with access to more advanced payment processing options like high risk electronic checks, Crypto payments, and ACH transfers.
Once your account is set up and operating, it’s just a matter of collecting the necessary information to receive payments. This can include things like your business name, contact information, and bank routing numbers.
Once you have all the systems in place that are needed to process payments, it’s time to take the next step and do a soft launch to test the infrastructure. Once this test has been performed, it’s time to scale.
It is also possible to configure more advanced options such as fraud protection rules, subscription plans, and more. However, these features can be discussed with the payment provider, and tutorials are often provided to assist with the learning curve.
How Do I Integrate a Telemedicine Payment Gateway
There are several types of integration methods available for telemedicine payment gateways, but they all have one thing in common: they help you accept payment from patients over the phone or online.
The most common types of telemedicine payment gateways are credit card authorization payment gateways and digital wallet payment gateways. Both can be used by any type of business that accepts payments over the phone or online, such as health care providers, dentists, veterinarians, reconstructive or cosmetic procedures, and more.
Credit card authorization gateways allow businesses to accept credit card payments over the phone or online. The entire process takes a few seconds and can be done from anywhere at any time.
Digital wallet payment gateways work similarly to credit card authorization payment gateways, except instead of taking a credit card number, customers are asked to enter their digital wallet information.
Telemedicine payment gateway providers eliminate the need for paper forms and can help prevent the risk of data breaches. They provide easy-to-integrate shopping carts, accounting systems and payment systems that cater to this industry.
Telemedicine Payment Processing Summed Up
Telemedicine payment processing is a great way for healthcare providers to boost their revenue and improve customer satisfaction.
The process is commonly referred to as “remote healthcare payments,” and uses the internet, mobile devices, and healthcare providers from around the world to help facilitate these services.
Telemedicine payment processing can be used in a variety of healthcare environments, including; clinics, health centers, group practices, dermatologists’ offices, fertility clinics, hospitals and doctor’s offices, home medical equipment suppliers, pharmacies, urgent care centers, and veterinary offices.
As a healthcare provider, you can then choose to accept HIPAA-compliant payments from existing customers and others through your company’s website or mobile app.
You can track and manage your expenses as needed, while also providing better customer service. Ultimately, you’ll save time and money without sacrificing your patient’s privacy or security.