SwiftPayMD by Iconic Data

​SwiftPayMD(TM) is a charge capture platform for hospitals and physician groups.

Hospitals and physicians lose $6 Bn in charges each year; SwiftPayMD(TM) solves this problem. Some $6 Bn, 10% of the $60 Bn of annual inpatient physician services revenue in the US, is lost each year because of inefficient paper based billing processes. SwiftPayMD, a secure physician charge capture platform, is used by hospitals and private practice physician groups to prevent this lost revenue. SwiftPayMD does this by capturing billing data verbally from providers at any point of care via their mobile device and instantaneously delivering this information for posting to payers. Provider organizations and medical billing companies that have their providers use SwiftPayMD, are able to: (i) use SwiftPayMD's business intelligence tools to better manage the revenue cycle and (ii) eliminate costly, inefficient, paper-based charge capture processes which are often the source of significant revenue leakage and costly additional days in accounts receivable.