If you’re juggling claims and payments across several dentist, then Multi-merchant facility on the HICAPS Terminal could transform the way you work.
This smart solution lets you connect up to 25 individual providers to a single terminal making it easier to process claims and settle funds directly into each provider’s bank account. No more manual workarounds, just streamlined, secure and efficient claiming.
What is HICAPS Multi-merchant facility
Healthcare businesses often share premises or work under a contractor model. Managing payments in these scenarios can be tricky, especially when each business needs their revenue settling into their own bank accounts. This is where HICAPS Multi-merchant facility comes in.
Multi-merchant facility allows multiple businesses or contractors to share a single HICAPS terminal while ensuring that the transaction settles directly into the correct bank account for each business. Whether it’s a dentist, orthodontist or contractor sharing a space, everyone can use the same terminal without mixing up financial records.
Why would your practice need it?
In shared spaces, such as multi-disciplinary clinics or health hubs, having separate terminals for each business can be costly, inefficient, and logistically challenging. Independent contractors or visiting specialists often work under their own business names and need payments settled to their nominated bank accounts. Without a multi-merchant facility, managing these transactions can become time-consuming and potentially lead to reconciliation errors.
How does it work?
When processing a payment, the relevant merchant (business) is selected on the terminal. The terminal then processes the payment and settles the funds directly into the selected merchant’s bank account.
Key benefits
- Cost Efficiency: Reduces the need for multiple terminals, saving on hardware and maintenance costs.
- Streamlined Operations: Simplifies payments for staff and patients, enhancing the overall experience.
- Accurate Settlements: Ensures each business receives its correct settlement without the need for manual reconciliation.
- Flexibility for shared spaces (contractors and multi-disciplinary): Perfect for multiple businesses working in the same location.
- Space saving: Minimises clutter in reception areas.
Summary
For healthcare business owners managing shared spaces or contractors, HICAPS Multi-merchant facility offers efficiency, cost-effectiveness and peace of mind. It lets you focus on delivering exceptional care for your patience while ensuring smooth financial operations.
Set up Multi-merchant today HICAPS Multi-Merchant Facility – HICAPS
Important information
The information provided in this article is intended to be of a general nature only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information in this article, we recommend you consider whether it is appropriate for your objectives, financial situation and needs.
HICAPS’ healthcare claiming services are subject to terms and conditions that are accessible on HICAPS’ website at: https://www.hicaps.com.au/support/hicaps-agreements.
HICAPS Pty Ltd ABN 11 080 688 866
A wholly owned but non-guaranteed subsidiary of National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.
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