Transforming Healthcare Payments with LQpay
At LQpay, we’re dedicated to enhancing your healthcare practice’s financial well-being. We’re excited to introduce a revolutionary addition to our comprehensive patient payments platform: Compliant Surcharging is a merchant services pricing model that allows your practice to pass along a portion of credit card processing fees to your patients. In simple terms, for eligible point-of-sale (POS) credit card transactions, you can transparently share the per-transaction fee with your patients, significantly reducing your costs.
And the best part?
LQpay makes it fully compliant with the relevant card-brand rules, ensuring transparency for your patients.
Your Practice, Your Savings
Financial Stability, Improved Transparency
The new integration of compliant surcharging into the LQpay all-in-one patient payments platform enables healthcare providers to significantly reduce the costs associated with card acceptance and maintain financial stability while adhering to rigorous regulatory requirements.
Transparent
and Ethical
Allows practices to implement the pass-through of card processing fees in a transparent and ethical manner, providing patients with a clear understanding of the costs associated with their transactions.
Integrated and
Automated
Through Robotic Process Automation (RPA), LQpay integrates with all current practice management systems, enabling automated payment postings, now inclusive of its surcharging capability.
Regulatory
Compliance
The new surcharging technology is designed to meet the highest standards of regulatory compliances, ensuring it is a trustworthy and secure option for businesses across various healthcare verticals.
REAL-TIME REPORTING
Practices are provided with real-time, robust reports around surcharging, with a detailed breakdown and delineation of charges, including any applicable surcharged amounts. This level of detail not only supports compliance requirements, but also enables clear visibility into surcharged transaction details.
Enhanced
Financial Control
LQpay’s surcharging solution empowers healthcare providers with enhanced control over their financial operations, allowing them to optimize revenue streams while maintaining patient satisfaction.
CUSTOM
SURCHARGING
Practices can tailor the surcharging process to their specific needs, whether it’s setting percentage-based fees, fixed fees, or offering discounts for certain payment methods.
Curious about our wide-ranging healthcare payment solutions?
WANT TO KNOW MORE ABOUT the new Surcharging feature?
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