Streamlining Your Practice: Discover SigmaMD's Healthcare Payment System

We're excited to introduce SigmaMD's fully native payments solution, seamlessly integrated within our EMR system. 

This feature not only streamlines your billing process but also enhances the overall patient experience, making financial management simpler and more transparent.

Key Benefits of SigmaMD's Healthcare Payment System

Streamlined Operations

By integrating billing directly into the EMR, SigmaMD's system reduces administrative workload, allowing you to focus more on patient care and less on paperwork.

Enhanced Member Experience

Members benefit from an easy-to-use platform where they can manage payments, view invoices, and understand their membership details, leading to higher satisfaction and engagement.

Financial Transparency and Control

With detailed reporting and customizable settings, your practice can maintain clear oversight of financial operations, ensuring accurate and transparent billing processes.

Features of SigmaMD's Payment System

SigmaMD offer payments solution for a membership-based model and for one-time charges for services, labs, medications, etc.

Membership Management

With SigmaMD, managing memberships has never been easier. Our platform allows you to create and manage diverse membership plans tailored to your practice's needs. 

Whether you're offering standard care or specialized services, our system lets you define benefits and pricing with ease.

Membership Plans 

Customize and manage various membership plans, providing flexibility in benefits and pricing for your members.

Enrollment Links

Simplify the enrollment process with custom links, allowing members to sign up for plans directly through a SigmaMD-hosted web page.

Coverage Policies

Clearly define the discounts or coverage options available under each membership plan, making it easy for members to understand their benefits.

Charge Item Management

SigmaMD's Payments feature also excels in managing charge items, helping you keep track of every service provided.

Categories and All Items

Organize charge items into categories for better management and reporting. Access a comprehensive list of all charge items to ensure nothing gets overlooked.

Accounting Periods

Group all transactions and invoices by month, and lock periods to prevent any changes to past invoices, ensuring accurate financial records.

Reports

Our system provides detailed reporting capabilities, giving you insights into your practice's financial health.

Invoices

Generate detailed reports on all invoices created within the system, making it easy to track revenue and outstanding payments.

Billing Settings

Customize global settings such as price markups, tax profiles, and accounting period behaviors to match your practice's specific needs.

Enhancing Member Experience with Mobile App Features

On the patient side, SigmaMD's Member App enhancements empower members with more control over their financial interactions.

Payment Management

Members can securely manage their payment methods through the app, reducing administrative workload and increasing security.

Invoices and Payment Tracking

Members can view detailed invoices, change payment methods, pay invoices in advance, and track their payment progress.

Membership Details

Access and review their membership plans, ensuring they always know what services are available to them.

Real-Scenario: A Doctor Using SigmaMD's Payment Solution

Dr. Smith, who runs a multispecialty clinic, uses SigmaMD's payment solution to streamline financial operations. The clinic offers four membership plans: Primary Care, Weight Loss, Sexual Health, and Mental Health. Each plan has a different set of services and benefits, tailored to meet the diverse needs of their patients.

Day-to-Day Operations

Dr. Smith begins the day by reviewing the "Practice Growth" dashboard on SigmaMD, which provides a snapshot of the clinic's performance. The dashboard shows a panel size of 1,282 members, with recent additions of 32 new members and 2 cancellations. This data helps Dr. Smith and his administrative staff understand trends and adjust strategies accordingly.

Membership Management

A new patient, interested in the Weight Loss program, visits the clinic. Using SigmaMD's membership management feature, the administrative team quickly sets up the patient's account, selecting the appropriate membership plan. The system automatically generates the patient enrollment link, allowing him to complete registration online. This seamless process reduces the administrative burden and enhances the patient's experience.

Charge Item Management

Throughout the day, Dr. Smith and his team provide various services, including consultations and lab tests. These services are categorized and tracked in SigmaMD's charge item management system. At the end of each day, the clinic reviews all charge items to ensure accurate billing. This feature helps the clinic maintain transparency and avoid missed charges.

Financial Management

SigmaMD's system automatically organizes transactions by accounting periods, simplifying the monthly financial review. Dr. Smith can lock past periods to prevent any modifications, ensuring that financial records are accurate and secure. The detailed reports feature allows Dr. Smith to monitor revenue from different sources, such as memberships, charge items, and additional fees.

Patient Interaction Through the Mobile App

Patients, like those enrolled in the Primary Care plan, use the SigmaMD Member App to manage their accounts. They can view invoices, update payment methods, and track their membership details. This empowers patients to handle their financial interactions conveniently and securely, fostering trust and satisfaction.

Outcome

By leveraging SigmaMD's integrated payment solution, Dr. Smith's clinic operates more efficiently, reduces administrative workload, and provides a superior patient experience. 

SigmaMD's Payments feature is designed with both clinicians and patients in mind, offering a seamless, integrated billing experience. Learn more how SigmaMD All-in-One can maximize efficiency in your practice.