Call Us Today! 1.888.852.3484
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

“We are an extremely busy optometric practice, and we are always very conscious of business costs.  We use a practice management software and couldn’t believe we could start updating payment directly into the patient ledger and securely keep patients credit card information on file.”

-Optometry Group, Bay Area

“We’re writing to show our appreciation for Rectangle Health.  Initially, I doubted some of the features that were promised, but you guys delivered.  The web payments and payment plans are easy. The ease of email receipts and vaulting cards are great for our Billing Department.  I would recommend any colleagues use your system without reservation.”

-OB/GYN Office, Grapevine Texas

“We have been very satisfied with the degree of customer service and professionalism we have received in the process of switching from our previous processing company to Rectangle Health.”

-Practice Manager, ENT & Audiology, Southlake Texas

“I had been told by many companies that they could integrate into our software, but once they came out and met with me, I could see they really could not do what they said…. Rectangle Health could not only seamlessly integrate with my software as they stated, but they could offer substantial savings each month.”

-Dental Office Manager, Southlake Texas

“We have been a Rectangle Health client for over 3 years now and we’re pleased to say they lived up to their word; from saving us hundreds of dollars in overall monthly fees to even going so far as to customize their online Practice Management Bridge for a special feature we requested.”

-Retina Consultant, Connecticut

“I would like to compliment Rectangle Health.  The customer service has been top notch and your representative is always quick to return our calls.  The payment software is great and has made collecting form our patients so easy.  We would recommend any medical practice to use Rectangle Health!”

-Chiropractic & Acupuncture, Denver, Colorado

“Since we started to use the program, we have had an immediate and noticeable improvement in patient payment at the time of treatment.  Transitioning to Practice Management Bridge has alleviated hours of extraneous work that was unavoidable with our previous retail terminal.  In addition to the invaluable improvements in our practice management, Rectangle Health has saved us money by lowering our processing rate.”

-Office Manager, Cosmetic Dentistry, Solana Beach, California

Learn more about the Rectangle Guarantee.

Click Here