TransFirst® and TRIARQ Health Announce New Strategic Alliance
Hauppauge, New York (July 9, 2015) – TransFirst®, a leading provider of transaction processing services and payment-enabling technologies, and TRIARQ Health, a performance management services and clinically-integrated care coordination provider for independent medical practices, are pleased to announce a strategic alliance. TransFirst will provide a wide array of payment processing products, including integrated electronic payment processing services, for the medical community. TransFirst’s payment processing product will be integrated into TRIARQ’s electronic medical record system product called gloStream.
One of the most significant issues affecting a physician’s bottom line is their ability to effectively collect patient payments. The problem may be exacerbated as high-deductible health insurance plans become more commonplace. The power of TransFirst’s payment processing solutions, now integrated within TRIARQ Health, can help improve the way medical offices collect patient payments at the time of service and post-adjudication. Additionally, TransFirst enables the acceptance of eChecks and ACH transactions, and provides a secure Internet-based gateway through which patients can pay at their convenience, increasing opportunities for reimbursement. This solution also reduces the chance of human error since patient information is entered only once, then populates into the patient’s records in all of the necessary places.
“In the very complex world of healthcare, we are always seeking to partner with organizations that provide simplicity in the payment collections process for providers and patients,” said Jason Green, Vice President, Health and Government Services at TransFirst. “We are very excited about the relationship with TRIARQ and their provider product solution.”
TRIARQ Practice Services President, Piyush Khanna said, “TransFirst has had a cooperative mindset from the beginning, continuously keeping in mind the best interests of our practices throughout all phases of implementation. TRIARQ Health is very excited to roll out this new system, which increases patient payment options, improves patient relationships, and saves each user time and money. Physicians may see increased cash flow while reducing the costs associated with collecting patient payments, and should see a marked decrease in outstanding patient receivables.”
About TransFirst, LLC (www.TransFirst.com)
A leading provider of secure transaction processing services and payment enabling technologies, TransFirst offers innovative products and services designed with financial institution, independent sales organization, healthcare, e-commerce, government and merchant customers’ unique needs in mind. By collaborating with our customers and utilizing strong industry knowledge, we can help them grow their businesses. Founded in 1995, TransFirst continues to attain significant market share and world-class expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TransFirst is headquartered in Hauppauge, New York, and has operations facilities in Aurora, Colorado; Broomfield, Colorado; Franklin, Tennessee; and Cypress, California. For additional information, please call 800.745.2659 or visit www.TransFirst.com.
About TRIARQ Health (www.TRIARQHealth.com)
Since its founding, TRIARQ Health has provided value-based, tech-enabled healthcare services to healthcare providers and practices in order to strengthen their financial performance, transition to value-based care and enhance the patient experience—with the goal of improving the quality and sustainability of independent providers. TRIARQ Health, based in Troy, Michigan offers gloStream, an electronic health record and practice management software product alongside a clinically-integrated, care coordinated offering. For more information about TRIARQ Health, please visit www.TRIARQHealth.com or call 877.456.3671.