Hospitals, Medical Clinics and patients with at-home medical equipment are becoming less and less interested in paying huge sums of money for their medical devices. The Internet of Things is enabling product manufacturers to circumvent this problem by replacing the previous one time capital expense with a pay-per-use subscription model. This subscription model provides lower up front costs while focusing on selling services and outcomes as opposed to physical assets.
This new approach to medical billing also drastically changes the relationship between the vendor and the customer. What was once a one-time transaction is now converted into a long-term customer relationship.
LogiSense has addressed the needs of Service Providers who are tasked with implementing modern billing systems that can integrate with existing ERP and Customer Care solutions. EngageIP, LogiSense’s flexible usage-based billing solution, integrates seamlessly with existing systems to provide unparalleled flexibility in billing.