Athenahealth Inc. (NSDQ:ATHN) entered into a strategic partnership with U.S. Bancorp (NYSE:USB) and its subsidiary, Elavon, to launch a payment processing service for physicians using Athenahealth’s web-based billing and practice management software.
Watertown, Mass.-based Athenahealth said it will integrate U.S Bancorp’s services into its athenaCollector and athenaNET software programs, which provide billing management assistance to physicians by flagging medical bill errors, up-to-date insurance rules and claims submissions.
Company officials said that in addition to enhancing the athenaCollector payment processing, clients will be able to access a suite of financial services like merchant processing and wealth management.
The partnership is the second strategic alliance Athenahealth has signed in as many days.
The company said March 1 that it will partner with Sermo, an online physician community, which Athenahealth officials said will help identify the needs of physicians in improving EMRs.