TrustCommerce, a Sphere company and a provider of end-to-end integrated healthcare payments and security software, announced that it is adding PayPal (NASDAQ:PYPL)
and Venmo, in the U.S., to its healthcare-focused payments platform, enabling providers to offer patients additional flexibility and modern payment options.
Through this new collaboration with PayPal, patients will reportedly have “the ability to use PayPal and Venmo to make payments to healthcare providers online, seamlessly within the existing payment experience they are already familiar with.”
John Welch, Chief Product Officer at TrustCommerce, said:
“In conversations with healthcare providers, we have heard loud and clear that they would like to maximize payment flexibility for their patients by offering new, user-friendly payment options. We are excited to integrate with PayPal and Venmo to give our clients the ability to further simplify the checkout experience for patients and allow them to use a convenient and familiar payment method while maximizing on collections.”
According to a release, the latest collaboration reflects TrustCommerce and PayPal’s shared vision “to deliver seamless modern payment experiences that reduce patient friction and help providers increase collections.”
Together, TrustCommerce and PayPal are reportedly focused on “providing a solution that gives providers the foundation for ongoing success.”
As noted in the update, TrustCommerce, a Sphere company, says that it is “the financial technology company trusted by the nation’s largest health systems.”
The TrustCommerce integrated payment platform “can reduce friction and facilitates secure, compliant patient payments. Using TrustCommerce to enhance the patient financial experience and untangle payment workflows, clients can securely process payments anytime and be connected with core software including EHRs and PMs.”
As mentioned in the announcement from PayPal, their integrated software and payments solutions aim to “help organizations increase payment collection while delivering industry-leading security and compliance instruments, and a single payment stack standardized for reporting and reconciliation.”