RevSpring has just completed the acquisition of TrustCommerce from Sphere. This is a strategic move that significantly enhances RevSpring’s competitive position in the Healthcare Payments Solutions market. It now offers a single integrated platform allowing patient engagement and payments. Thus, healthcare professionals can have full visibility of the patient financial journey right from the start to the completion point. The merger leverages RevSprings communication solutions and TrustCommerces safe payment platform. Besides, the combination makes the billing process easier for both the patients and healthcare providers. In fact, it is the right solution for the increasing demand of medical billing transparency. End users can therefore have an easier time dealing with data management over various channels.
“This acquisition expands the scale of our platform and enhances our capabilities in integrated payments,”said Scott MacKenzie, Chief Executive Officer of RevSpring .“For providers and partners, the benefit is clear: fewer disconnected vendors, simpler reconciliation, and a more unified payments foundation, while preserving flexibility and choice in existing banking and merchant relationships.”
Integrated Platform Expands Security and Operational Efficiency
In addition to the above, the acquisition enables RevSpring to extend its footprint into the merchant services market. Besides that, the merged technology guarantees improved security measures for confidential financial information. Medical facilities are now able to cut down their paper works substantially. Hence, nurses and doctors will have more time with the patients as they will be less involved in payment processing. Working with such an integrated system aids medical institutions in raising the percentage of their collections. As a result, healthcare providers have the opportunity to enjoy greater financial returns as well as higher patient satisfaction ratings. RevSpring is still on its way to providing healthcare with revolutionary solutions as the industry changes.
“Integrated payments transform fragmented transactions into a cohesive, end-to-end financial platform, with clearer paths and fewer gaps,” added Anthony Lucatuorto, Chief Executive Officer at TrustCommerce. “Together with RevSpring, we can help providers and partners simplify payment workflows, expand processing flexibility, and achieve greater operational visibility through a single, integrated solution.”
“TrustCommerce and RevSpring bring deep healthcare experience across the ecosystem, from the nation’s largest health systems to independent practices, along with strong channel partnerships and integrations into leading electronic health record (EHR) and practice management systems,” noted Steve Callis, President of Payments for RevSpring. “Our teams understand the unique realities that healthcare organizations face every day, and we’re committed to helping modernize payments and financial engagement with confidence.”
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News Source: PRNewswire.com
