Dr. Bill simplifies medical billing with a
mobile-first platform that allows for on-the-go claims and direct
payments.
TORONTO, Feb. 24, 2020 /CNW/ - RBC Ventures has acquired
Dr. Bill, a premium billing solution that simplifies and
streamlines the billing and payment process for Canada's medical community. Currently
available in Ontario, British Columbia and Alberta, Dr. Bill provides doctors with a
user-friendly mobile billing platform, as well as dedicated live
agents, to deliver an industry-leading billing success rate.
"Dr. Bill, a best-in-class physician billing platform, helps
create a better experience for healthcare providers who are seeking
an easier, more convenient billing system," says Alison Chick, Vice-President, B2B & Health
Ventures at RBC Ventures. "Going beyond banking to provide
value-added products, services and capabilities is at the core of
RBC Ventures. The acquisition of Dr. Bill differentiates how RBC is
supporting the medical community."
Dr. Bill provides a modern-day solution that is ideal for
physicians who are just getting started and for established
physicians whose billing processes need to be modernized and
streamlined. Dr. Bill refines an outdated process and saves time,
ultimately allowing for a more efficient practice that enables
physicians to spend more time on patient care.
"Physician billing is often still paper-based and inefficient,
which can lead to errors and unnecessary administrative overhead,"
says Steve Lionais, Dr. Bill's
co-founder. "I saw this first-hand watching my wife do her billing
in the evenings. Instead of enjoying her time away from work, she
was spending hours sorting through stacks of paper. Dr. Bill was
created with a mission to make medical billing simple and pain-free
by helping physicians like my wife save time and spend it on what
matters most."
Dr. Bill complements RBC Healthcare's current offering by
providing a tailored solution to support physicians, targeting a
major pain point: billing. Billing for patient care is a key
function to running a practice and RBC Healthcare is committed to
supporting physicians with the business aspects of their
practices.
"Doctors complete medical school and residency with little to no
training on how to operate a business, so establishing their own
practice and learning all of the nuances of running it can be a
daunting experience," says Niranjan
Vivekanandan, Vice-President, RBC Healthcare. "A critical
focus of RBC Healthcare is providing exclusive offerings to support
doctors in forming and building their practices. With innovative
solutions – like Dr. Bill – RBC Healthcare is helping physicians to
allow them to focus their time on their patients and their own
families."
RBC Healthcare recently launched RBC Healthcare Advantage, a
membership program designed to support healthcare professionals at
all stages of their careers. RBC Healthcare Advantage plan members
are eligible to receive an exclusive discount on Dr. Bill's
services. For more information, visit:
rbc.com/practicesolutions.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 85,000+ employees who bring
our vision, values and strategy to life so we can help our clients
thrive and communities prosper. As Canada's biggest bank, and one of the largest
in the world based on market capitalization, we have a diversified
business model with a focus on innovation and providing exceptional
experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn
more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
About RBC Ventures
RBC Ventures is going beyond banking to create meaningful solutions
that touch every Canadian. We are building new ventures, acquiring
growing firms, making investments and partnering with organizations
that share our vision. For more information, visit
RBCVentures.ca.
About RBC Healthcare
RBC Healthcare was created to
address the needs of healthcare professionals throughout each of
their life stages. RBC Healthcare's network of over 550 Healthcare
Specialists are trained to understand the unique needs of
Healthcare Professionals. RBC Healthcare Advantage is now
available to eligible healthcare professionals who join or are
already banking with RBC, including medical students and dentists.
To learn more, visit rbc.com/healthcare.
SOURCE RBC Royal Bank