Automated Patient Payment Processing:
Integrating ModMed with Square allows for seamless payment processing by automatically syncing patient invoices and payment details. Patients can make payments through Square, either in-person, online, or via mobile, and the payment information is automatically updated in ModMed, keeping financial records accurate and up-to-date. Simplifies the payment process for patients, reduces manual data entry for staff, enhances the patient experience by offering multiple payment options, and ensures timely reconciliation of accounts.
Automated Invoicing and Receipts:
Automate the generation and sending of invoices and receipts to patients through Square based on billing data from ModMed. Once a patient’s visit is completed, an invoice can be automatically generated and sent via email or SMS, and upon payment, a receipt is instantly issued and recorded in both Square and ModMed. Streamlines the billing process, ensures patients receive clear and prompt invoices and receipts, reduces administrative tasks, and improves cash flow by speeding up the payment cycle.
Financial Reporting and Revenue Tracking:
Sync payment and transaction data from Square to ModMed to generate real-time financial reports and track revenue performance. This integration allows healthcare providers to monitor key financial metrics, such as daily collections, outstanding balances, and payment trends, without manual reconciliation between systems. Enhances financial oversight, supports data-driven decision-making, reduces errors in financial tracking, and helps identify opportunities to optimize the revenue cycle.