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TMCNet:  Acculynk and Navicure to Launch Patient Payment Solution Targeting Healthcare Providers

[June 25, 2014]

Acculynk and Navicure to Launch Patient Payment Solution Targeting Healthcare Providers

ATLANTA --(Business Wire)--

Navicure, a provider of cloud-based healthcare billing and payment solutions, announced today that it has partnered with Acculynk, a leading technology driven payment processor, to offer a customized payment platform to healthcare providers. Navicure currently helps physician practices, billing companies, and hospitals increase profitability through increased revenue, faster cash flow, and staff productivity, serving over 50,000 healthcare providers nationwide. Offering transaction processing to both its installed client base and prospective clients is expected to be a natural and highly complementary extension to Navicure's core offering.

The new offering is expected to launch in the third quarter of 2014 and will include a platform that delivers a full suite of secure payment solutions for different processing environments. Specific functionality includes:

  • PaySecure, Acculynk's proprietary pin debit solution for mobile and e-commerce transactions
  • Simplified and transparent pricing
  • Custom invoice generation
  • PCI (News - Alert) compliance
  • Robust reporting
  • Mobile payments
  • Recurring Payments
  • On-line application

"We are excited to launch a unique payment solution for physician practices and health systems," said Jeff Wood, Navicure's Vice President, Product Management. "After a thorough search, we believe that Acculynk is the right partner for us. They help deliver an attractive value proposition to our clients by tapping their strong experience in the healthcare industry."

"Acculynk is proud to be working with Navicure, a company that is very similar to ours from both a growth and cultural perspective," said Monish Bahl, SVP Business Development. "We believe our partnership will be meaningful and beneficial to all stakeholders. We will work with Navicure to deliver a compelling solution for all transaction processing combined with world-class customer service."

About Acculynk

Acculynk secures online transactions with a suite of software-only services backed by a patented authentication and encryption framework that provides greater ecurity for issuers, EFT networks, merchants and payment processors. Acculynk's PaySecure® utilizes a graphical PIN-pad for the secure entry of a consumer's PIN online and is available to merchants through existing acquirer relationships, enabling speedy implementation. PaySecure is currently enabled on over 6,000 merchant websites. Acculynk has partnerships with 11 EFT networks to process PaySecure transactions and with six leading payment processors, and is certified with PULSE, First Data and Master Card, among other key industry leaders. Additionally, Acculynk Direct offers PayLeap, a gateway and acquiring and card processing service; and Payzur, a debit-based P2P solution. Visit www.acculynk.com and www.payleap.com.

About Navicure:

Navicure is a provider of cloud-based healthcare billing and payment solutions that helps physician practices, billing companies, and hospitals increase profitability through increased revenue, faster cash flow, and staff productivity. Serving over 50,000 healthcare providers nationwide, Navicure's solutions automate account receivables processes, including primary and secondary claims reimbursement; patient eligibility verification; rejected and denied claims management, including appeals; electronic remittance and posting; claims and remittance reporting and analysis; and patient billing and payments. Navicure's solution is supported by its unique 3-Ring® Client Service which guarantees that a client service representative will answer every client call in three rings or less, even during times of transition such as 5010 and ICD-10.

Navicure is the exclusive billing and payment partner of the MGMA AdminiServe® Partner Network. The company received "Best in KLAS" distinctions for the claims and clearinghouse services market segment as part of the 2008, 2010 and 2012 Best in KLAS Awards: Software & Services report (www.KLASresearch.com). KLAS is a leading source of information on healthcare information technology vendor performance. Navicure also received the 2013 Gold Stevie Award for Healthcare Customer Service Team of the Year as part of the 2013 Stevie Awards for Sales and Customer Service.

Navicure is the founding sponsor of�www.icd10hub.com, a free educational website devoted to making physician practices' transitions to ICD-10 easier. Additionally, ICD-10 Analyzer by Navicure (navicure.com/icd10analyzer) is a complimentary online tool that enables medical billers to identify the ICD-9 codes that will most impact a user's payer reimbursement and suggest corresponding ICD-10 codes. Navicure continues to be ranked among the fastest growing companies nationally in the Inc. 5000 and Deloitte (News - Alert) Fast 500 rankings.


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