GST for small business: Everything you need to know
4 Reasons Medical Practitioners Need EFTPOS with Medicare
The way you choose to take payments in your business can hugely impact your productivity, cash flow and customer service. EFTPOS and electronic claiming are a must for healthcare providers. Why? With the popularity of consumer card payment options and rapid payments, customers now have an expectation and preference for the convenience of electronic payments and claiming.
How does EFTPOS work with Medicare Easyclaim?
There are three ways your patients pay you:
- Patient Paid
Here your patient pays you the full consultation fee upfront. With Tyro’s integrated Easyclaim they can swipe their EFTPOS card through your EFTPOS machine and receive their Medicare rebate back. This way, your patient leaves your practice with their rebate showing up in their bank account as quickly as possible.
- Bulk Billed
In this situation, your patient does not pay you anything. Instead of you having to print off a DB voucher for your patient to sign, they can instead assign their right to benefit by pressing a button on your Tyro EFTPOS machine. There’s no need to waste paper or time! The claim is submitted to Medicare immediately and paid the following business day in a lump sum with all other approved claims.
- Part Payment
This means that your patient pays part of the consultation cost. They then get a Medicare cheque for the balance in their mail, which they’ll have to drop off at your practice.
Using an EFTPOS with Medicare Easyclaim capability means that your patients can both make payments and receive their rebates through your terminals. Here are four ways your practice can benefit from EFTPOS with Medicare Easyclaim:
1. Less Paperwork, Less Headaches
Are your staff rekeying purchase totals into their EFTPOS terminal? If you’re running a modern day Practice Management Software, integrating with your EFTPOS will mean that all your sales are centralised, making reconciliation effortless. Imagine, you’ll never have to go over items line by line again!
Tyro EFTPOS comes with Medicare Easyclaim. This takes the integrated EFTPOS experience a step further, opening you up to healthcare focused features with comprehensive security measures. All practice staff need to do is enter basic transaction information to help your patients with payments and Medicare claims.
2. Faster Payments
Integrated Easyclaim and the resulting Medicare rebate will help you run a tighter ship and reduce wait time between customers.
3. Streamlined Billing and Claiming Processes
There’s no need for multiple terminals to serve multiple practitioners when you use Tyro. Streamlining your billing process will mean much less administration for you and your staff.
There’s more! Double handling is fun for no one. When your EFTPOS integrates with Easyclaim, your claiming process becomes simple. Which brings us to our next point…
4. Don’t Test Your Patients!
Give your patients the convenience of claiming on the spot, in your practice. With Tyro’s Integrated Medicare Easyclaim your patients walk out with their rebate. Following full payment, use your patient’s EFTPOS card once again on the Tyro machine and their rebate is deposited directly into their bank account.
Looking for an EFTPOS Integrated with Medicare Easyclaim? See how Tyro is helping healthcare practitioners across Australia.