Acquisition Enhances the Bank’s Ability to Serve Healthcare Clients with a Comprehensive Range of Payment Solutions CHARLOTTE – Bank of America today announced that it has acquired Axia Technologies, Inc….
AxiaMed partners with independent software vendors (ISVs) to offer secure patient payment solutions from within their healthcare applications. Our integrated offerings help improve the financial performance of healthcare providers by expanding the payment options available to patients, streamlining administrative workflows, and reducing bad debt.
Our unique SaaS-based product, Payment Fusion, is a patient payments platform that is integrated into leading EHRs, practice management systems, and revenue-cycle management applications throughout the healthcare industry. AxiaMed simplifies integration and accelerates time-to-market by providing a single API that supports multiple processors, payment methods, and transaction types.
Most importantly, Payment Fusion offers built-in security and compliance. As a validated point-to-point encryption (vP2PE) solution, it meets the most stringent security requirements ever established by the PCI Security Standards Council. In addition, Payment Fusion’s innovative architecture takes PCI out-of-scope for our software partners – they are not required to comply with the PCI payment application standard (PA-DSS). Best of all, unlike most payment companies, AxiaMed is fully HIPAA-compliant.