What is a Virtual Card?
The Smart Way to Pay and Get Paid
Digitizing how your practice makes outbound payments while also allowing patients to pay in the most convenient ways can increase on-time payments and streamline revenue cycle management. REPAY's expert consultants tailor fast, frictionless and secure payment solutions that integrate with your existing operations software.
Streamline the way your facility manages accounts payable and have more resources to focus on your core mission. Reduce costs by cutting fewer paper checks and eliminating time-consuming manual entry. Automate and digitize vendor and supplier payments while maintaining control and visibility over accounting processes.
Pay suppliers using virtual cards, credit cards or ACH
Integrates with your existing accounting system
Realtime reporting for easy reconciliation
Our experts handle vendor set-up and ongoing maintenance
Reduce the time and resources required to collect on current and past due invoices and medical bills with flexible, easy-to-use options. Checks get lost and payment receipt can take weeks, strapping patients with fees and holding up operations. Electronic solutions enable 24/7 payments without live assistance so you can collect more.
Offset the stress of managing vendor and supplier payments with REPAY’s integrated accounts payable solutions. Leverage the latest payment technology to bring ease and efficiency to your facility by reducing the number of paper checks and manual errors using outbound payment automation.
Remove long delays associated with the insurance claim process. Whether collecting premiums or out-of-pocket expenses, insurance companies, healthcare providers and TPAs will benefit from digitizing claims payments and eliminating paper checks.
Improve your patient’s service experience and boost your bottom line with REPAY's proprietary healthcare payment platform. Offer more flexibility using omni-channel solutions that provide patients options to pay their bills anytime, anywhere, reducing delinquent payments.
Put funds back in your account by using virtual cards to pay vendors. Increase rebates and save time in the payment process to make vendors happy and keep your business moving.
Don’t break a sweat when it comes to onboarding your vendors. Our team contacts each one to verify their payment preference and set up your ability to automatically pay them. Since REPAY is integrated into your existing operating systems, you can easily approve payments and track them in real time.
Digital payment technology evolves every day, and REPAY has the resources and expertise to keep you ahead of the changes. Rely on REPAY to simplify payments and manage the platform integrations for improved cash flow, streamlined internal processes and increased customer and vendor satisfaction.
Hospitals, clinics and physician locations all over the country are scaling at increasing rates, and it has become necessary for providers to invest in systems that can sustain the companies’ growth. Large healthcare providers have recently reported they could benefit from the reduced operating costs, streamlined workflows, expedited payment processes and maximized efficiency that comes with integrated technology like accounts payable (AP) automation.
REPAY partnered with a North Carolina health system to improve and digitize its accounts payable processes. The 133-bed, non-profit community hospital has served both the north-central North Carolina and southwestern Virginia areas for over 60 years and provides acute care, skilled nursing and physician services.
Healthcare facilities need to simplify the payment process for their patients who receive care, for the purposes of both patient care and employee morale. This is especially true at a time when the patient responsibility portions of medical bills are increasing, putting a strain on patient finances. A Kaiser Foundation Family report found that patient out-of-pocket costs increased almost 230% from 2006 to 2015.