Press Release Details

One-Touch Payments Enhance Patient Experience, Increase Revenue, and Reduce Costs

MELVILLE, N.Y.--(BUSINESS WIRE)--Aug. 28, 2019-- Henry Schein Medical, the U.S. medical business of Henry Schein, Inc., today announced the expansion of its SolutionsHub with CueSquared MobilePay™, a new platform that augments the collection efforts of patient self-pay balances, allowing patients to access and pay their bills anywhere, at any time. CueSquared MobilePayincreases patient revenue, accelerates payments, and reduces costs to collect.

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CueSquared MobilePaystrengthens existing self-pay collection strategies by transforming patient statement data into SMS text-based statements. This enables patients to easily make payments within hours of receiving MobilePay statements. With MobilePay, patients securely receive text statements and can make payments without having to log into a portal or download an application. Following a medical visit, patients will receive a text notification advising that a payment is due, and once received, the patient can view their payment history, statement details, and pay with one click.

“For our customers, collecting payment can be a daunting task, and it’s often a hassle for patients to make online payments, which is why we are excited to add CueSquared MobilePay to our SolutionsHub portfolio, as it focuses on convenience both for the patient and the provider,” said Michael Casamassa, Vice President, Solutions and Planning, Henry Schein Medical. “The addition of CueSquared MobilePay further reinforces our commitment to helping our customers maximize practice efficiency, so they can focus their time on patient care.”

There are no implementation fees for CueSquared MobilePay. Through the CueSquared Analytics Dashboard, medical practitioners will gain insight into patient payment behavior. Providers will also be better equipped to achieve organizational efficiencies by tracking revenue cycle management metrics.

“Together with Henry Schein Medical, CueSquared MobilePayis modernizing the patient payments experience,” said Jeb Burrows, Vice President, Business Development, CueSquared. “This consumer-centric solution is simple and helps improve financial performance.”

To learn more about CueSquared MobilePayand to explore Henry Schein Medical’s full portfolio of solutions, please visit the Henry Schein SolutionsHub.

About Henry Schein, Inc.

Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With approximately 19,000 Team Schein Members worldwide, the Company's network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that improve operational success and clinical outcomes. Our Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental laboratories, government and institutional health care clinics, as well as other alternate care sites.

Henry Schein operates through a centralized and automated distribution network, with a selection of more than 120,000 branded products and Henry Schein private-brand products in stock, as well as more than 180,000 additional products available as special-order items.

A FORTUNE 500 Company and a member of the S&P 500® and the Nasdaq 100® indexes, Henry Schein is headquartered in Melville, N.Y., and has operations or affiliates in 32 countries. The Company's sales from continuing operations reached $9.4 billion in 2018, and have grown at a compound annual rate of approximately 13 percent since Henry Schein became a public company in 1995.

For more information, visit Henry Schein at www.henryschein.com, Facebook.com/HenrySchein, and @HenrySchein on Twitter

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Source: Henry Schein, Inc.

Ann Marie Gothard, Vice President, Corporate Media Relations, Henry Schein, Inc. Annmarie.gothard@henryschein.com, (631) 390-8169