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MEDIA RELEASE: Now Lets Doctors Accept Payments Via Square
Posted On June 7, 2012
Drchrono, a startup focused on bringing medical records and more to the iPhone and iPad, is announcing a big update today which introduces mobile payment feature to its platform, as well as a new way for physicians and patients to access their health insurance information from mobile devices.
Specifically, the company is adding two new features to its product line-up today: iPhone patient payment processing, which allows doctors and staff to process payments using the Square card reader attached to an iPhone or iPod Touch, and a real-time health insurance eligibility checking feature which will integrate with Drchrono patient check-in app for iPad called OnPatient.
The company raised $2.8 million in funding this January, in a round led by Yuri Milner, with Google’s Matt Cutts and other investors participating. The startup had previously raised $1.3 million in seed funding from Milner, General Catalyst, Charles River Ventures, 500 Startups, Gmail creator and FriendFeed co-founder Paul Buchheit, Cutts, and the Start Fund.
What’s notable about today’s announcement is that this is the first time that real-time medical insurance checks have become available through an iPad application. Although there may have been standalone solutions for mobile or legacy software solutions that have allowed for this, it hasn’t been done before on the iPad. But more typically, office staff has had to phone insurance companies in order to find out the details of a patients’ current coverage. Now they’ll be able to verify it instantly.