LakeShorePayments.com

Healthcare

Card-based payment transactions are increasing dramatically across the healthcare industry as a result of two primary factors – the emergence of consumer-directed healthcare plans as well as the utilization of payment products by public agencies for benefits distribution. Payment and acceptance costs for providers will continue to increase as new financial instruments are introduced for health services such as health savings accounts (HSAs) and flexible spending accounts (FSAs), and the fundamental requirement to facilitate payment: the debit card. As higher co-payments are shifted to consumers, medical providers will realize an increase in card-based acceptance costs as well as an increased burden for patient collections.

Lakeshore Payments offers hospitals, specialists and other healthcare providers an integrated solution for credit, debit and check processing. Whether you require real time authorization or recurring billing capabilities, our virtual terminal application offers broad acceptance options along with the reporting features necessary to integrate to a variety of Back Office Systems. We offer our clients immediate insurance eligibility verification, claims adjudication and secure payment processing at the point of service through A-Claim™ Medical Payment Solutions.