Medical Biller Improves Payment Collection with Fundtech Payments Solution
Fundtech helps drive business expansion with automated receivables and payments processing technology
Jersey City, NJ – June 25, 2014 - Fundtech, a market leader in global transaction banking solutions, today announces that Alta Medical Management, a full-service medical billing company based in Salt Lake City, Utah, has improved payment processing with Fundtech’s automated receivables and payments processing software solution.
Using Fundtech’s TotalTransact, Alta can accept, initiate, process and manage electronic payments more efficiently and securely from a single online platform. As a result, Alta is now able to replace time consuming trips to the bank with remote deposit, accept payments online, by phone and mail, and successfully process more than $144 million in payments annually.
“Our clients are medical offices looking to outsource the cumbersome task of patient billing and they have strong relationships with their banks,” says Jeff Whiting, President of Alta Medical Management. “We’re delighted to implement a solution that is bank-neutral and has allowed us to improve customer service and expand our business, both inside and outside of our region.”
“With TotalTransact, our customers are able to accept and process card, eCheck, and paper check payments quickly and securely,” says Danne Buchanan, EVP, Head of North America Operations, Fundtech. “Fundtech helps businesses of any size offer their customers a range of convenient, automated payment choices.”
For more information, please view Fundtech’s case study, “Alta Medical Management: Driving Business Expansion with Automated Receivables and Payments Processing,” at: http://www.fundtech.com/our-customers/.
Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, Fundtech’s customers benefit from lower operating costs and an enhanced end-user experience through integrated and feature-rich solutions. The firm’s major product lines include: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license and a Software-as-a-Service (SaaS) contract. Thousands of financial institutions and companies worldwide rely on Fundtech’s innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com. For more information on TotalTransact visit www.totaltransact.com.
Patrick Kilhaney, Public Relations & Analyst Relations Manager
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