NextPay Unveils Digital Financial Solutions for Healthcare Professionals

Laurent Agcaoili – The Star of the Philippines

October 30, 2022 | 00:00

MANILA, Philippines – Local fintech platform NextPay continues to offer independent healthcare professionals an easy-to-use, end-to-end digital financial operations platform to easily transact with their patients and providers.

CEO and co-founder of NextPay, Don Pansacola, said doctors and other healthcare professionals are able to accept payments from different channels, from QR codes, eWallet, debit, credit, to direct bank transfers, offering them and their patients flexibility and greater convenience.

“We see huge potential in tapping into the market for independent healthcare professionals, as the nascent sector continues to grow alongside the Philippines’ accelerated digital transformation. Healthcare professionals who engage in telemedicine and On-site clinics can leverage NextPay’s platform to efficiently manage their day-to-day operations, allowing them to focus on serving their patients instead of managing their business finances,” Pansacola said.

NextPay is backed by Silicon Valley-based startup accelerator Y Combinator, Singapore-based venture capitalist Golden Gate Ventures, Ayala Group Kickstart and Gentree Fund, the private investment vehicle of the Sy family of the conglomerate of the SM group, and other investors.

NextPay medical users can also track their business activities using a digital ledger that integrates all their transactions, allowing them to manage their finances more efficiently and accurately.

To date, several healthcare professionals have signed up with NextPay to take advantage of the various benefits it offers, including increased transparency and security, steady growth, and customer-centric solutions.

Juan Carlo Peralta, a veterinarian who uses NextPay, said the platform is more affordable than other payment solutions. “It has made debt collection easier for me, especially since payments can be made online,” he said.

After completing teleconsultations, doctors could easily accept payments through one-time and reusable payment links, which will then redirect patients to a page where they can choose their preferred payment method, such as credit cards, wallets e-mail or direct debit.

Doctors who also arrange on-site consultations could also choose to use NextPay’s QR Code unified payment system. Patients simply scan the QR code and choose their preferred payment method.

Independent healthcare professionals could also use NextPay to easily pay their vendors or even employees through NextPay’s cash-out feature.

On top of that, NextPay also relieves healthcare professionals from the burden of manually recording every transaction. NextPay provides users with a dashboard that allows them to track their transactions and facilitates accounting and bookkeeping since it displays the names of those who have paid and the date of the transaction, without the need for screenshots patient payment.

Teleconsultations jumped 170% at the height of the COVID-19 pandemic in 2020. With the lifting of health protocols, telemedicine remains a common practice in hospitals and clinics.

“By providing them with the right tools and services, we are able to empower independent healthcare professionals to integrate digital finance into their daily operations. Our focus on providing them with digital financial solutions is aligned with our goal of putting the power of big banks to work for growing businesses,” said Aldrich Tan, chief experience officer and co-founder of NextPay.


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