Ophthalmology Payment Processing

Payment Processing for Eye Care Practices

Unlike many other specialties, ophthalmology billing has the challenge of dealing with two types of insurance: medical and vision. On top of the additional labor that requires, office personnel also need to collect a large amount of self-pay balances from patients without coverage, or from patients after insurance has been adjudicated. With ophthalmology payments coming in from so many sources, it is essential to be able to process eye care payments efficiently and track revenue.
According to the Review of Optometry, Americans spend $139 billion yearly on eye disorders and vision loss. In addition to exams, tests, eyeglasses and contact lenses, there are many other procedures with high price tags:

  • Lasik $2,000 – $3,000 per eye

  • PRK $1,500 – $3,000 per eye

  • Cataract surgery $3,000 – $5,000 per eye

  • Glaucoma treatment $1,000 – $3,000 per eye

  • Diabetic retinopathy $2,000 – $3,000 per eye

  • Macular degeneration treatment $800 – $1,000 per injection

Benefits

Rectangle Health’s best-in-class technology gives ophthalmology practices the flexibility and functionality to help patients pay for the care they need. In addition to standard merchant services, we provide credit-card-on-file (CCOF) to expedite time-of-service and online payments, as well as seamless processing of HSA, FSA, eCheck, Apple Pay® and Google Pay®. Plus, patients can access the care they otherwise couldn’t afford with payment plans that require little to no administration from your office.

Practice Management Bridge

To make payment posting and administration easy, all revenue streams tie together seamlessly with our proprietary Practice Management Bridge®. This system integrates with any practice management system to virtually eliminate the risk of stolen payment information while decreasing the time and labor required to post and reconcile eye care payments.

Practice Management Bridge® decreases days in A/R with convenient patient payment options to encourage reimbursement and fast ophthalmology payment processing. In addition, it lowers labor costs with efficient systems that work across in-office and online points of payment and increases overall satisfaction with the payment process.

Although using the right eye care payments processing partner can make a significant positive impact on your cash flow, there are other ways to encourage payment to keep revenue steady.

What You Can Do

Rectangle Health Guarantee

If you don’t see a dramatic reduction in accounts receivable balance after a few months of instituting our full program, we’ll take the entire system back at no charge to you.
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