The update marks a significant evolution and investment in the financial journey. It moves beyond traditional credit card processing to deliver a full collection of payment options embedded directly into the practice management workflow, designed to improve the user experience and accelerate cash collection. Unlike standalone payment processors that require manual reconciliation across separate systems, Nextech Payments is native to the workflow, automatically posting and reconciling every transaction, across several payments methods, in real time. Reconciliation as a separate step is eliminated entirely.
The announcement addresses a critical pain point in healthcare operations: Medical practices collectively spend billions annually on payment reconciliation, consuming approximately 5-10 hours of staff time per week in manual busywork that neither improves patient care nor generates revenue. Historically, reconciliation has been necessary because clinical and payments systems operate independently. Nextech Payments removes that separation.
"Healthcare has tolerated fragmented payment systems for too long, forcing practices to stitch together disconnected tools, reconcile manually, and absorb hidden fees that quietly erode margins," said Ben Brideaux, Senior Vice President of Financial ...
