December 22, 2015
Invoice Cloud acquires leading healthcare e-payment solution – HealthPay24
Expands into new vertical with best of breed Point of Service and Online Payment Center for Hospitals
Boston – Invoice Cloud has acquired the majority of ImageVision.net, whose HealthPay24 product is in use by hospitals across the country, to extend its high adoption, electronic bill presentment and payment (EBPP) presence into healthcare. The team at HealthPay24 is well equipped to leverage this investment into an expanded presence across the country.
HealthPay24 sets the standard in Point of Service (POS) and Online Payment processing for Hospitals with a simple, secure, compliant solution that is fully integrated with all major Hospital Information Systems. The HealthPay24 system is one of the few EMV ready POS solutions immediately available for Hospitals. Quicker and lower cost collections for Hospital Clients will occur by enhancing HealthPay24’s market leading integrated electronic payment technology with Invoice Cloud’s highest adopting Customer Communication engine and fully integrated Pay by Text.
States Bob Bennett, Invoice Cloud CEO, “Building a great company begins with finding great people. When we spoke directly with the HealthPay24 clients, it was clear that the product and service were provided by an extraordinary group of people. Despite the fact that we were probing for issues, every one of their Clients was effusive in their praise of their experience with the HealthPay24 product and the people behind it. These senior hospital system Revenue Cycle managers cited the system’s simplicity for their staff and patients, the integration across all payment areas of their hospital system and the nimbleness of the Company to meet emerging needs, like EMV support, as key differentiators.”
According to David Millary, former President of ImageVision.net and new President of Invoice Cloud’s Healthcare Division, “Our clients are world class healthcare providers and we would not be able to serve them well without a top notch team of people. Ken Blessing, our EVP and I have been very fortunate to be able to recruit and retain the great people who develop, implement and support the HealthPay24 product. Our clients’ success is what drives this team and that has made for a positive perpetuating cycle for us, where we have grown well through word of mouth referrals. With Invoice Cloud’s resources and Customer Communication engine, we are embarking on an aggressive expansion to partner with savvy healthcare solutions providers across the country. We intend to partner with providers of Hospital Information Systems, Billing Statement Providers and other intermediaries in the Healthcare space to broaden our client base and extend the brand.”
ABOUT INVOICE CLOUD
Invoice Cloud™ (www.invoicecloud.com) provides Trusted, Secure E-Payments and highest adopting Electronic Bill Presentment with Payment (EBPP) Solutions. Invoice Cloud is a high growth company with over 500 clients in 36 states in the USA. This growth is attributable to best of breed EBPP service features, which include: Electronic Bill Presentment, which helps clients save money through paper suppression; Online Payment, which reduces labor and other costs, increases convenience to Customers and improves collections; the Customer Communications engine, which shifts customer calls and visits to web based self-service – while driving adoption through the roof; and Client Reconciliation & Reporting which is matchless in the industry.
ImageVision.Net is a software development company that created HealthPay24™ to specifically address the need for point of service and online payments at integrated healthcare providers. HealthPay24 was developed in 2002 and was the first software solution dedicated to processing healthcare point-of-service payments. Since first deployment, HealthPay24 has been enhanced and improved with suggestions from over 300 Hospitals and Physician facilities, enabling providers to have a tightly integrated payment solution to collect any payment — anywhere throughout the healthcare enterprise. To see why so many healthcare institutions are raving fans and for more information about HealthPay24, visit www.healthpay24.com.
For additional information please contact:
Invoice Cloud, Inc.
(877) 256-8330, x2525