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FROM OUR PARTNERS

Most healthcare practices are moving away from medical aids as their primary source of income or limit the providers they claim from, bringing about the need for effective cash control. Managing multiple streams of cash flow becomes an expensive part of managing a practice as more cash payments are being processed. This is especially the case for the more complex practices that have multiple practitioners, multiple locations or even the need for multiple tills.  When you receive payments on behalf of third party vendors, such as dentists for labs and Surgeons for Anaesthetists the complexity and related cost of receiving and processing payments are compounded.

The easiest way to reduce the cost and risks of running a cash intensive practice is to eliminate manual and duplicate tasks, avoid having revenue trapped in accounts receivable, and minimize reliance on consultants and accountants.

One of our business partners, Nexion, offers a product that improves efficiency and reduces the cost of running a practice by providing effective control of the cash flow.  Here are a few good reasons why you should consider Nexion for your practice:

• Nexion’s automated tamper-proof receipting ensures that all revenue is recorded even for the most complex of scenarios. 
• Nexion’s proprietary reporting reconciles your practice-management-system and your bank account, reducing reliance on consultants and accountants. 
• Nexion replaces the need for time-consuming spreadsheets and receipt books to manage your cash flow, eliminating error-prone manual processes. 
• Nexion speeds up your cash flow by providing as many options as possible to collect fees, including proactive tools to collect debt and manage medical-aid payment shortfalls.
• If you are using Elixir, Nexion is integrated with Elixir, adding an additional layer of efficiency.
• Nexion offers these savings at about the same cost you are now paying for your credit card facility alone and uses existing computers, does not require any up-front investment and includes our premier 24/7-service level.
• Nexion, is an affordable Cash Flow Management Solution which conveniently processes and receipts the three distinct cash streams in your practice:
  
  • Point of Sale - Cash, Cheques & Cards.
  • FT &Medical Aid deposits to your bank account.
  • Debt collection by direct debit over time. 
• Nexion proprietary reporting provides the necessary reconciliation tools to balance all these cash flow types to your practice management system and your bank account(s). 
• Nexion is specifically developed for the medical market, and has the flexibility to cater to the needs of the most complex practice.

Visit the website at www.nexion.co.za for further product information, demos and testimonials of how it has made a substantial financial difference.