CardSystems and Source Medical Announce Multi-year Contract; Healthcare Providers Offered Card Payment System to Achieve Optimal Financial Performance.ATLANTA -- CardSystems Solutions CardSystems Solutions is a credit card processing company. In June 2005, the fact that 40 million credit cards had been stolen from CardSystems was discovered. This led to the discoveries that CardSystems had been keeping data that it was contractually obligated to delete, and that , Inc., a leading provider of integrated payment solutions to healthcare institutions, financial institutions, retail merchants and Independent Sales Organizations This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (ISO's) and Source Medical Solutions, Inc., the world's leading provider of outpatient information solutions, announced today a multi-year agreement to enable ambulatory healthcare providers to reduce costs and improve financial and administrative performance. Source Medical's unique solutions assist healthcare providers through the entire patient process, from scheduling appointments to treatment to billing. This "end-to-end" computer application reduces administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. and improves staff productivity, helping to enhance overall patient satisfaction. "CardSystems was an obvious choice as a partner to provide payment processing for our healthcare provider clients," said Thomas P. Staudt, Chief Executive Officer, Source Medical Solutions. "By providing a comprehensive and cost-effective payment processing solution, our clients will be able to electronically accept all major credit and debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. , which will reduce their recurring expenses and improve operations." "CardSystems is pleased that Source Medical has chosen CardSystems as its payment processing provider," said John M. Perry, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CardSystems. "By leveraging our network services, Source Medical is able to offer their clients a flexible platform that allows them to choose the electronic payment solution that best fits their needs. Additionally, CardSystems' reporting and transaction management system will enable Source Medical's clients to more effectively manage their financial settlement process." About Source Medical With software products installed in over 3,100 facilities nationwide, Source Medical is the leading provider of information solutions for physician practices, ambulatory surgery centers ambulatory surgery center A free-standing center that performs various types of surgery , surgical hospitals, rehabilitation rehabilitation: see physical therapy. therapy clinics and radiology facilities. Source Medical also offers a comprehensive suite of revenue cycle management solutions that enable providers to better manage the healthcare reimbursement and payment cycle. Source Medical was recently ranked, for the third year in a row, among the top healthcare information technology companies in the nation by Healthcare Informatics Same as information technology and information systems. The term is more widely used in Europe. magazine. For more information, visit www.sourcemed.net. About CardSystems CardSystems Solutions Inc. is a leading provider of integrated payment solutions to healthcare institutions, financial institutions, and retail merchants. With CardSystems' comprehensive and flexible array of processing services, clients can manage the entire payment processing cycle and customize services to fit their needs while maintaining complete control of risk, dispute resolution and proprietary customer data. CardSystems' intelligent enabling technologies include an expert system, neural network neural network or neural computing, computer architecture modeled upon the human brain's interconnected system of neurons. Neural networks imitate the brain's ability to sort out patterns and learn from trial and error, discerning and extracting and service offerings optimized for the card processing industry. The company processes payment transactions for more than 110,000 customer locations. For more information on CardSystems, visit www.cardsystems.com. All statements contained in this press release, other than statements of historical fact, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These statements are based on Source Medical's current plans and expectations and involve risks and uncertainties. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion