Being heavily involved with experts in health payments and claiming such as Tyro Health, we have seen practice owners and providers structure their business arrangements in a range of ways. Recently, there has been increasing interest in this topic, specifically related to payroll tax for practice owners.
There are a number of ways that practice owners set up payments, including:
Multi-merchant could be a useful feature for you if you have a medical practice with multiple doctors or a mixed allied clinic with multiple providers. With this feature, an unlimited number of provider accounts can be linked to an EFTPOS device. With different fee structures available.
This means payments are processed against each provider, and then settled to their nominated bank account. Tyro Health has a convenient solution that integrates with our Zedmed software to streamline transaction processing for practice staff at no extra cost to a practice or providers.
Once Multi-merchant is enabled:
Simply put, Tyro Health Multi-merchant means operating one EFTPOS device, with many providers. It also gives control of where Tyro’s fees are debited from and access to the Tyro Merchant Portal
Tyro EFTPOS machines also support scenarios where each provider in a practice and sharing a single Tyro EFTPOS machine can be independent with respect to Medicare and Private Health Insurance claiming:
Getting started with Multi-merchant by Tyro Health is as simple as following a few steps.
If you want to learn more about Tyro Health’s Multi-merchant feature, click here.
1 Medicare Easyclaim is only available where your third-party software or practice management system supports the integration. You should make your own enquiries in regards to this.
2 Tyro HealthPoint requires a fixed ethernet connection using a CounterTop EFTPOS machine, and integrated PMS partner which supports Tyro HealthPoint or an integration to Tyro Health Online.
Tyro Health Pty Ltd ABN 21 615 345 536 (Tyro Health) is a wholly owned subsidiary of Tyro Payments Limited ACN 103 575 042 AFSL 471951 (Tyro). Tyro is the issuer of its own financial products. As Tyro does not take into account your personal circumstances, please consider if these products are suitable for you. Tyro may pay financial benefits and/or referral fees to our partners.
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