SCOTTSDALE, Ariz. and PHOENIX, April 6 /PRNewswire-FirstCall/ -- MedCom USA, Inc. (BULLETIN BOARD: EMED) a leading provider of healthcare/financial transaction solutions for the healthcare industry, has chosen and is rolling out global payment technology leader Hypercom Corporation’s newest high-speed card transaction technology terminal and newest generation high-speed network access controller. MedCom USA’s health care providers who electronically verify patient eligibility and complete claims processing, approvals and payments on POS devices can now enjoy even faster response times.
Hypercom’s solution for MedCom USA is centered on the highly acclaimed and widely used Hypercom(R) T7Plus transaction terminal and software, as well as the global payment technology leader’s robust, ultra high density MegaNAC(R) 180 Network Access Controllers. Known for easy use, intuitive functionality, high security and dependability, the T7Plus proprietary application for MedCom USA powered by a 56k modem, can be updated to include new insurance carriers or other program enhancements in 30 seconds or less.
Bruce Weitzberg, Vice President of Sales, MedCom USA: “Hypercom’s T7Plus with 56k is an incredibly smart, fast, and easy to-use card payment terminal. It has state-of-the-art, high performance transaction technology that provides for the exponential expansion of data content, transaction speed and additional features and allows healthcare providers to significantly reduce downloading times.
MedCom USA and Hypercom Technology Lets Healthcare Providers Electronically Verify Patient Eligibility in 30 Seconds
The proprietary MedCom System with Hypercom T7Plus card payment technology allows participating healthcare providers to verify patient eligibility electronically in approximately 30 seconds. Here’s how it works. The office manager simply swipes the patient’s insurance card or enters the data on the terminal’s keypad. After keying in the information on the insurance payer specific prompts, the transaction is sent. The data is immediately and securely transmitted to one of MedCom USA’s secure third-party clearinghouse partners, where it is switched to the appropriate insurance payer and verified. The T7Plus with high speed SureLoad(R) printer technology then prints out all the eligibility information, which is then placed in the patient’s file. It’s as simple, and easy, as that. The MedCom System is HIPAA compliant and helps Healthcare professionals meet the standards required by this Act. Further details of the system and the services provided are available at http://www.medcard.com/.
O.B. Rawls IV, President, Hypercom North America, said: “The MedCom USA solution that Hypercom has created is another key example of how we have engineered our technology to bring speed, simplicity, security and multiple functionality to a broad range of business transactions. Teaming with MedCom USA to create this transaction solution means that their customers will have a state-of-the-art system that gets the job done and provides clear competitive advantages.”
Bill Williams, CEO of MedCom USA said: “We are absolutely committed to bringing our customers every advantage, hence selecting Hypercom’s technology was basically a ‘no-brainer’. Their card payment terminal technology and software already fit the proverbial bill for our current service offering. With this latest version of the T7Plus, we are more strongly positioned to expand our services, while simultaneously accelerating claims processing, approvals and payments to our existing and potential healthcare providers. This is, quite frankly, a win-win for healthcare providers nationwide.”
HyperWare and MegaNAC 180 = Feature-Rich, Profit-Building Solutions
Delivering intelligently integrated, revenue-generating terminal, network and server solutions that help businesses increase their profits is where Hypercom outpaces all competitors, and the global payment technology leader’s T7Plus with feature-rich HyperSmart(R) application set and HyperWare(R) open application development environment coupled with Hypercom’s MegaNAC 180 are important components of that over-arching deliverable.
Hypercom’s feature-packed HyperWare open application development environment allows software developers and VARS to quickly create or customize value-added, profit-generating applications for Hypercom terminals. Businesses can then use those applications and more to offer new products and services such as prepaid, electronic benefit transfer, sports licensing and an array of other products not traditionally associated with card payment terminals -- in addition to secure credit, debit and smart card functions. And there is no better terminal to use than Hypercom’s One Touch T7Plus. Add to this Hypercom’s MegaNAC 180, and businesses worldwide can bring new levels of speed, intelligent integration and easy-of-use to the point-of-transaction.
Hypercom’s MegaNAC 180 POS concentrator utilizes an “ultra-high-density” network interface module that terminates full E1, ISDN PRI or T1 trunk, with all of its 30 modems, on a single card. As a result, a single 19" wide eight-slot chassis can support up to six digital trunk lines equaling up to 180 multi-speed, multi-protocol modem or data ports. On the backbone network side, the MegaNAC180 supports a wide range of protocols, including TCP/IP, X.25 and Frame Relay. Fault tolerant, multi-function MegaNAC 180 units can be interconnected to form high performance intelligent networks that can support a wide variety of access modes and protocols, support modem speeds starting at 300 bps up to 56kbps V.90 and V.29 Hypercom FastPOS(R) fast train modem that allows sub-nine second dial POS transactions, fast software downloads and batch uploads.
T7Plus with One Touch, Easy Use Interface is the Payment Terminal of Choice
Hypercom’s feature-rich T7Plus sets a new performance benchmark for mid-range point-of-sale/point-of-transaction terminals, and is the new payment terminal of choice for more and more savvy business owners, for good reason.
The T7Plus reflects Hypercom’s steadfast insistence that mastering the most fundamental and practical attributes of a card payment terminal leads to superior performance. It is packed with an array of enhancements and priced affordably, and retains the most popular features of the earlier T7P, including the 35-key full keyboard equipped with One-Touch shortcut keys. Like shortcut buttons on a PC, One-Touch keys provide quick access to all daily function and transaction types, simplifying operations and speeding up transaction times. This contrasts sharply with the limited keyboards of lower cost terminals that require clerks to hunt through extended menus and hard to remember key sequences.
One of the smart, fast and easy-use card payment terminal’s new features is the integrated printer incorporating Hypercom SureLoad technology that operates at twice the speed of traditional point-of-sale printers with virtually jam-free operation.
From the full keyboard to the new jam-free printer, the T7Plus is engineered to minimize headaches for merchants, reduce calls to help desks, and deliver the lowest total cost of ownership in the industry.
HIPAA
HIPAA is the Health Insurance Portability and Accountability Act of 1996 that requires health providers and health plans to adopt standards for electronic administrative and financial transactions.
About Hypercom (http://www.hypercom.com/)
Celebrating 26 years of technology excellence, innovation and leadership, Hypercom Corporation is a leading global provider of electronic payment solutions that add value at the point-of-transaction for consumers, merchants and acquirers, and yield increased profitability for its customers.
Widely recognized as the global payment technology innovator, Hypercom delivers comprehensive card payment terminal, network and server solutions that help merchants and financial institutions generate revenues and increase profits.
Headquartered in Phoenix, Arizona, Hypercom’s card payment terminal, network and server solutions are leading the transformation of electronic payments in more than 100 countries.
About MedCom USA
MedCom USA, Inc. (BULLETIN BOARD: EMED) provides innovative solutions for electronically processing transactions within the healthcare industry. The Company’s healthcare business unit, MedCard, a service package for physicians, clinics and hospitals includes the following services: Patient Eligibility, 100% Paperless Claims Processing, Electronic Referrals, Patient Easy Pay, Credit/Debit Cards and Check Guarantee. MedCom USA, Inc. has recently added Accounts Receivable Financing to its service offerings. The MedCom USA Internet address is http://www.medcard.com/.
Hypercom, MegaNAC, SureLoad, HyperSmart, HyperWare and Hypercom FastPOS are registered trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners. Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Hypercom management believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in Hypercom’s SEC reports, including the company’s most recent 10-K and subsequent 10Q-s.
Contacts: MedCom USA Kent Barghols Ph. 515-276-1180 kbarghols@medcard.com Hypercom Corporation Pete Schuddekopf Ph. 602-504-5383 pschuddekopf@hypercom.com
MedCom USA, Inc.; Hypercom Corporation
CONTACT: Kent Barghols of MedCom USA, +1-515-276-1180,kbarghols@medcard.com; or Pete Schuddekopf of Hypercom Corporation,+1-602-504-5383, pschuddekopf@hypercom.com
Web site: http://www.medcard.com/
Web site: http://www.hypercom.com/
