Paysign says customer will move payment processing for 113 plasma centers

Paysign said a plasma customer intends to move payment processing for 113 centers to another provider by year-end because of a banking relationship. The centers generated trailing 12-month revenue of $11.3 million and gross profit of $5.2 million. Paysign estimates a fourth-quarter impact of $1.5 million in revenue and $700 thousand in gross profit. The company disclosed the transition alongside third-quarter revenue of $30.80 million, up 42.6%. Its pharmaceutical business added 62 net patient affordability programs over the past 12 months, reaching 167 active programs. Paysign will continue processing payments for other centers belonging to the departing customer.