It enables your customers to pay the way they want, whether they’re in the office or on the go. Since the evolution of Real-Time Payments (RTP) in 2017, digital payments began to revolutionize the payment industry – for large institutions. RTP is the immediate transfer, access, settlement, and reconciliation of funds. Unfortunately, for smaller companies, integrating RTP into their program structu
re has been cost-prohibitive. This leaves the organization with credit cards, electronic funds’ transfers, and checks, which carry with them higher processing fees, settlement risks, and extended reconciling time frames. Until Now…. That is where CashRail can help even more. This program enables you to receive payments faster and with the lowest fees. While its extra features also assist the office with better time management through its coordination in Accounts Receivable, Communication, Scheduling, and Automated Workflows. More than Getting Paid..
•Accounts Receivable
CashRail not only provides a platform to receive money fast; it also automatically send invoices via text or mobile app through its integration with your Practice Management and Accounting Software. The platform also provides a receptacle for patients/customers to store or review past invoices.
•Communication
The Communication aspect of CashRail is utilized within the AR function. However, the Communications portion is also for scheduling, two-way text communication, quick Q&As, reminders, and for those difficult to reach by phone. In today's era of instant everything, electronic communication is often an easier connection than phone calls.
•Automated Workflows
In today's COVID-19 world of required forms and questions, CashRail can be used to pre-screen your patients before entering the practice. An automatic workflow will send the questionnaire to patients scheduled for the day. These will automatically be stored in the patient's file upon electronic return – relieving staff of one more time-consuming task! This format is available to aid in numerous paperwork processes, reducing time and potential errors.
•Rewards
Everyone enjoys getting something for free. That's why people use certain credit cards or shop at specific stores. CashRail's Rewards are personalized by each organization, healthcare practice, or government agency. The idea of these rewards is to entice the customer to move to CashRail to save the business money in credit card fees. By incentivizing the customers with business-specific rewards, they will build brand loyalty and customer satisfaction.
•Secure Transactions
CashRail has partnered with industry leaders to ensure a secure payment experience for mobile transactions. CashRail, LLC uses Nacha compliant bank account validation and fraud prevention. Nacha connects all U.S. financial institutions and enables secure and efficient movement of money and information directly from one bank account to another. They also support HIPAA-compliant transactions between health plans and providers that allow for data to travel with the payment, simplifying providers' accounting procedures.
