Patient First is a leading healthcare provider in urgent care medical centers throughout Virginia, Maryland, DC, and Pennsylvania. They provide prompt attention without an appointment, 365 days a year and have perfected a repeatable model.
Business Need: Patient First was paying some of its vendors using a credit card but was interested in expanding its use of electronic payments.
Solution: The Payments Company (TPC) introduced AP advantage™, a comprehensive solution for transitioning away from paper checks to electronic vendor payments. TPC created an interface from Patient First’s accounting software, researched and enrolled over 650 vendors that accepted VISA® for payment and enabled Patient First to start earning rebates within a few weeks.
Key Factors in Patient First’s Decision to use AP advantage™:
- No investment or change to accounting software required
- Opportunity to earn significant cash rebates quarterly
- No process or payment method changes required by vendor
Results: Patient First was able to double the value of payments made by card in the first full month of processing, resulting in a 100% increase in cash rebates. Because the transition was managed and implemented by TPC’s payment experts, Patient First experienced minimal impact to their business operations. TPC reduced the number of check payments and provides Patient First with monthly payment reconciliations.