Ability Network has acquired Secure Bill Pay, an Eagan, MN-based healthcare payment software provider that provides an all-in-one set of tools to enable providers to facilitate patient payment throughout the revenue cycle. Financial terms of the acquisition were not disclosed. As part of the acquisition, all of the company’s employees will join the ABILITY team.
ABILITY provides apps and analytics that are integral in helping with revenue cycle management, clinical management and performance improvement via a powerful, integrated, cloud-based SaaS platform.
Emergence of High Deductive Health Plans
The significant increase of high-deductible health plans means patients are responsible for a larger proportion of their payment for healthcare services. Providers must increasingly focus on improving their ability to capture patient payments to avoid lost revenue or onerous collections and write-offs, while improving accounts receivable. At the same time, they need to ensure they are providing capabilities that meet patient payment preferences, such as mobile and online bill pay, and payment plans.
Secure Bill Pay Offerings
Similar to ABILITY, Secure Bill Pay provides software to providers of all sizes and all sites across the continuum of care, including acute, post-acute and ambulatory. Secure Bill Pay offers apps that allow providers to accept and manage 100% of patient payments in one platform, helping them get paid more efficiently with a comprehensive suite of management and reporting capabilities.
Secure Bill Pay apps also seamlessly integrate with electronic medical record (EMR), practice management, and patient portal systems – including some of the largest, most well-known players in the market – enabling uninterrupted workflow across systems and reduced complexity for customers.
“Secure Bill Pay’s healthcare payment applications together with ABILITY’s existing revenue cycle management applications create a comprehensive offering,” said Mark A. Pulido, chairman and CEO of ABILITY in an official statement. “In bringing together Secure Bill Pay’s healthcare payment tools and ABILITY’s all-payer eligibility and claims capabilities, we will be able to provide customers with an end-to-end suite of revenue cycle management applications.”
