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What is Modern Treasury?

Modern Treasury provides a comprehensive payment operations platform that includes flexible APIs designed to make the integration of financial transactions and monitoring into your services much easier and less laborious. Money movement is a multifaceted process that involves more than just transferring funds; our APIs facilitate extensive financial transfers, covering bank connections, payments, and reconciliation, while our web application offers thorough visibility of fund flows, equipped with approval workflows, alerts, and in-depth reporting features. By connecting directly with your bank and avoiding being a middleman in the funds flow, we ensure that payments are processed at double the speed. Users can implement approval processes and track payments from their inception right through to reconciliation, with access to ACH, RTP, Wire, and international payment options all available via a single API and web interface. Furthermore, we support automatic reconciliation of completed payments with your bank's statement transactions as they occur, aligning returns and reversals with their respective payments, which significantly boosts the efficiency of cash reconciliation. This streamlined integration not only simplifies the payment processing landscape but also allows businesses to concentrate on expanding their operations while we manage the intricacies of payment transactions. By taking care of these complexities, we enable our clients to allocate more resources toward strategic initiatives and growth opportunities.

What is Inovalon Patient Payment Management?

Provide round-the-clock access for patients, residents, and their caregivers to effortlessly handle payments for healthcare services, featuring secure and versatile payment options tailored to individual needs. A straightforward portal supports multiple payment types, ensuring users comprehend their financial obligations while enhancing overall satisfaction. Payments can be processed at the service point, online, through payment plans, by retaining cards on file, over the phone, or via mail, allowing for maximum flexibility. Streamline payment collection to improve cash flow for providers and residents alike. Centralize all payment details under one login for easier access and management. Leverage standard reporting tools or create and export an unlimited array of custom reports to minimize manual tasks. Keep track of and reconcile payments in real-time, ensuring accuracy and facilitating smooth end-of-day reconciliations. Improve the payment experience for patients, residents, and staff through flexible solutions such as text-to-pay, which not only enhances cash flow but also boosts convenience. This holistic approach simplifies payment management and strengthens the relationship between healthcare providers and those under their care, ultimately leading to better service delivery and patient satisfaction.

Media

Media

Integrations Supported

Inovalon Provider Cloud
NetSuite
Plaid
QuickBooks Online
TeamOhana

Integrations Supported

Inovalon Provider Cloud
NetSuite
Plaid
QuickBooks Online
TeamOhana

API Availability

Has API

API Availability

Has API

Pricing Information

$499 per month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Modern Treasury

Company Location

United States

Company Website

www.moderntreasury.com

Company Facts

Organization Name

Inovalon

Date Founded

1998

Company Location

United States

Company Website

www.inovalon.com/products/provider-cloud/revenue-cycle-management/patient-payments/

Categories and Features

Categories and Features

Revenue Cycle Management

Accounts Receivable
Claims Management
Collections Management
EHR/EMR Integration
For Healthcare
ICD-10 Compliance
Insurance Verification
Medical Billing
Patient Portal
Patient Registration
Patient Scheduling
Payment Processing

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