Related Experiment Video

Updated: Jun 2, 2026

Vapor Phase Deposition of Electroactive Poly(3,4-ethylenedioxythiophene) onto Electrospun Commodity Polymer Nanofibers
08:28

Vapor Phase Deposition of Electroactive Poly(3,4-ethylenedioxythiophene) onto Electrospun Commodity Polymer Nanofibers

Published on: March 7, 2025

Six steps to preventative savings for payment processing

Scott Tanker1

  • 1Benchmark Payment Networks, USA. stanker@benchmarkpaynet.com

The Journal of Medical Practice Management : MPM
|April 22, 2011
PubMed

Insights

Medical offices can save money by understanding debit versus credit card payment processing. This guide outlines six preventative steps for optimizing payment processing and reducing costs for healthcare providers.

Area of Science:

  • Healthcare Administration
  • Financial Management in Medicine
  • Payment Processing Systems

Background:

  • Over one billion credit and debit card transactions occur daily in the United States.
  • A significant portion of these daily transactions take place within medical office settings nationwide.
  • Effective payment processing is crucial for the financial health of medical practices.

Purpose of the Study:

  • To analyze the financial impact of debit versus credit card usage in medical offices.
  • To identify strategies for reducing payment processing costs for healthcare providers.
  • To provide actionable steps for optimizing payment processing in medical practices.

Main Methods:

  • Review of common payment processing methods used in medical offices.
  • Analysis of transaction fees associated with debit and credit card payments.
  • Identification of six key steps for preventative savings in payment processing.

Main Results:

  • Understanding the nuances between debit and credit card processing can lead to substantial long-term savings.
  • Implementing specific preventative strategies can significantly reduce overall payment processing expenditures.
  • Optimized payment processing contributes directly to the financial viability of medical practices.

Conclusions:

  • Medical practices can achieve significant financial benefits by strategically managing payment processing.
  • The adoption of a proactive approach to payment processing is essential for cost containment.
  • Implementing the outlined six steps can lead to improved financial performance in healthcare settings.

More Related Videos

Automated Counterflow Centrifugal System for Small-Scale Cell Processing04:49

Automated Counterflow Centrifugal System for Small-Scale Cell Processing

Published on: December 12, 2019

Related Concept Videos

Preventive Healthcare Services01:30

Preventive Healthcare Services

Preventive healthcare services keep people healthy via frequent check-ups, screening, and counseling. They primarily aid in disease prevention rather than treating an acute or chronic illness. Preventive treatment also keeps individuals productive and energetic, allowing them to work well into their retirement years. Examples of preventive care services include:
Standard Precaution01:26

Standard Precaution

Standard precautions are the minimum infection control safeguards used while caring for all patients, irrespective of their disease condition. They help prevent the spread of common infectious microorganisms to healthcare workers, patients, and visitors in all healthcare settings.
Hand hygiene is the most crucial means to prevent the transmission of disease. Employers are legally required to provide their workers with personal protective equipment (PPE) to minimize exposure or contact with...
Healthcare Associated Infections II: Preventive Measures01:22

Healthcare Associated Infections II: Preventive Measures

Essential infection prevention measures are based on the knowledge of the infection chain, the modes of transmission in healthcare settings, and the use of the best practices in all healthcare settings. Compulsory public reporting of healthcare-associated infection rates is needed to allow individuals and the community to make informed choices regarding selecting a healthcare facility.
The best practices for preventing healthcare-associated infections include hand hygiene, patient risk...
Handwashing II: Pre-procedure and Initial Procedure Steps01:19

Handwashing II: Pre-procedure and Initial Procedure Steps

The pre-procedure steps of handwashing include removing jewelry and rolling up sleeves. However, many organizations allow staff to wear wedding rings.
The hand washing procedure itself includes the following steps. First, cover cuts, if any, on hands with a waterproof dressing. Cuts and abrasions can become contaminated with bacteria hindering the ability to clean the area thoroughly. In addition, repeated hand washing can worsen an injury.  The nails must be short and clean, without nail paint...
Pre-Procedural Guidelines for Assessing Blood Pressure01:10

Pre-Procedural Guidelines for Assessing Blood Pressure

Accurate blood pressure assessment is crucial for diagnosing and managing various health conditions. To ensure the reliability of these measurements, healthcare professionals must adhere to standardized pre-procedural guidelines. These guidelines enhance patient safety and improve the overall quality of healthcare. The following steps are essential for obtaining accurate and consistent blood pressure readings, from using the appropriate tools to ensuring effective communication with the patient.
Guidelines and Strategies for Safe Computer Charting01:18

Guidelines and Strategies for Safe Computer Charting

The guidelines and strategies provided by the American Nurses Association (ANA) and the Canadian Nurses Association (CNA) offer essential principles for ensuring safe and secure computer charting systems in healthcare settings. Let's break down each recommendation:
Maintain Confidentiality and Security: