Merchant Accounts For Medical Coding
Medical Billing & Coding Credit Card Processing
Why We Proudly Accept Medical Coding Services As Merchants (Even When Many Processors Don’t)
Many credit card processors do not accept medical billing & coding businesses as clients, for several reasons. The first reason, is that typically, medical billing and coding businesses charge relatively high tickets. That is, their average credit card charge is well into the hundreds, even thousands, of dollars. Large credit card charges are particularly vulnerable to chargebacks. The second, is that most of the time, medical billing and coding companies take payment via a payment gateway, where the medical coding company types in the customer’s credit card number. As opposed to swiped or even eCommerce charges, payment gateway credit card charges have the highest incidence of fraud. And finally, due to the nature of the business, medical billing and coding companies have irregular repeat charges with the same customers. The fact that credit card charge amounts can vary significantly in size and timeline, and that they are on a recurring basis with the same customer means that automated fraud checks that most credit card processors rely upon are less successful in identifying fraudulent charges and preventing chargebacks.
Soar Payments, by contrast, has been proud to serve the medical billing & coding industry since our company’s inception. Our extensive relationships with credit card processors and sponsor banks who specialize in underwriting businesses perceived as “high risk” enables us to confidently support medical billing and coding businesses (including startup and solo medical coding services). Moreover, our fully integrated chargeback and fraud prevention solutions, uniquely position Soar Payments to help protect our merchants from some of the inevitable risks endemic to this industry.
Medical Coding & Billing Software Integrations
Enjoy Seamless Integration With Leading Medical Billing CRM & Software Suites:
Soar Payments medical coding merchant accounts, either directly or via a payment gateway, are compatible and integrate with the following CRM and software platforms frequently used by businesses in the medical billing and coding industry:
AdvancedMD (+ NueMD), DataCare, Ingenious Med, Open Practice Solutions, PracticeSuite, Optum 360, Advanced Data Systems Corporation, Zoho CRM and Salesforce.
We’re Also Compatible With Many Other CRM & Software Suites.
Soar Payment’s medical billing and coding merchant accounts can be also integrated with most other software or CRM platforms which are compatible with the Authorize.net, NMI, or USAePay payment gateways. Don’t see your preferred software? For questions about how to integrate your preferred medical billing or coding related CRM or online shopping cart software, contact our sales team.
Frequently Asked Questions
Here are common questions specific to medical billing & coding merchant accounts:
What types of medical billing & coding industry businesses do you accept?
Soar Payments accepts a wide range of small, mid-size, and large medical billing and coding businesses, including services that specialize in private practice, office billing, independent contractors and consultants. In addition to providing merchant services for large companies, we’re able to support startup, home-based, and solo businesses as well.
Is Soar Payments compatible with my existing CRM software?
Medical billing and coding businesses typically have a preferred CRM platform they use. Because Soar Payments works with most major payment gateways (including Authorize.net, USAePay and NMI), our merchant accounts integrate with most popular software suites used by businesses in the medical billing and coding industry including: Advanced MD (+ Nue MD), Data Care, IngeniousMed, Open Practice Solutions, Practice Suite, Optum 360, Advanced Data Systems Corporation, ZohoCRM and Salesforce.
Is there a transaction ceiling for medical billing & coding merchant accounts?
We know that due to their very nature, individual medical payments and invoices from medical coding services can be unpredictable amounts. Additionally, they tend to be larger transactions, as medical services often cost thousands if not tens of thousands of dollars, and medical billing services can equally often invoice for thousands if not tens of thousands of dollars. Therefore, we let you tell us how much your typical transactions run when you apply for a merchant account, and when an underwriter reviews your application, it will be reviewed with your business’ specific transaction ceiling in mind.
Want more information? Click here to read our extended list of our FAQ.
Our friendly Customer Support Team is standing by to approve your application
Questions? (888) 225-9405
Accept Retail, Mobile, Virtual Terminal or eCommerce Payments
Retail businesses can choose from a traditional credit card terminal, wireless, or point of sale system. Whatever you choose, our retail merchant accounts will have you accepting credit and debit cards faster, and for less.
Want “on the go” mid or high risk credit card processing? Our mobile pay options are for you. Choose between iPad or mobile phone credit card swipers, compatible with both iPhone and Android devices.
Virtual Terminal Payments
Accepting payments over the phone, mail or typed in on your laptop is easy with our virtual terminal merchant accounts. No equipment needed. Just log in to your virtual terminal, and type in the customer’s credit card.
Selling online? Our easy to use payment gateways are compatible with, and simply plug in to most major shopping carts. Our mid and high risk merchant accounts are streamlined for eCommerce businesses.
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