Abanco Announces Healthcare Solution for Real-Time Eligibility Verification and Patient Payment Transactions.

ROSEMONT, Ill. -- MedSmart Provides Physicians Access To More Than 300 Payors

AAFP Show, Orlando Booth 2372 - Abanco Healthcare Solutions, Inc., a division of Abanco International, LLC, a leading provider of payment processing solutions, today introduced its healthcare solution, MedSmart. This new offering integrates real-time eligibility verification and patient payment transactions into one package to deliver a comprehensive, user-friendly solution.

By implementing this packaged hardware/software solution for real-time eligibility verification of insurance benefits physicians will have access to over 300 payors within a secure HIPAA-compliant environment. In addition, with Abanco building its leading-edge IP gateway payment processing solution into MedSmart, all forms of payment can be handled easily and efficiently.

Additional benefits of MedSmart include:

--Reduced denied claims and bad debt write-offs

--Decreased days in accounts receivable 

--Verifies insurance information before services are rendered

--Streamlines patient registration process

--Single-source solution captures all forms of patient payments

--Live 24/7/365 support

"Abanco is the first to market with this type of solution and is redefining the healthcare industry model by delivering a comprehensive benefit verification and payment application in one," said Tracy Metzger, president and CTO of Abanco. "Healthcare professionals are now being provided a state-of-the-art system that saves administrative time and streamlines the payment process leading to increased revenues and efficient use of resources."

MedSmart is available through Abanco Healthcare Solutions, Inc. and its authorized reselling partners. Additional information is available at www.abanco.com. Pricing information is available upon request.

Abanco International, LLC, founded in 2002, is a leading provider of payment processing solutions that develops and markets a full suite of services to the automotive, healthcare, hospitality, insurance, retail and transportation industries. Its innovative hardware and software platforms are a product of Abanco's commitment to developing solutions that enhance customer relationships through management of all cardholder interactions including credit (with optional signature capture), debit, non-bank cards, electronic check services, and gift and loyalty programs. Abanco is headquartered in Rosemont, IL and has representative offices throughout the USA. Company and product information are available at www.abanco.com.