Small Business, Large Business Owners
A faster, more efficient and cost cutting way of processing medical service claims. A new solution for Health Insurance Companies and TPAs to pay claims that will:
- Decrease costs to the insurance company on each claim paid
- The amount of cash rebate varies and is calculated based on a percentage for each claim paid. Both large and mid-sized TPAs and healthcare payers can earn significant amounts depending on the number of claims processed.
- Less administrative obstacles and costs
- Reduced labor costs by less time for staff to process payments
- Accounts can be reconciled faster and earlier
For use by small-, mid- or enterprise-sized Health Insurance Companies, Benefits Claims Payers and Third Party Administrators (TPAs).
Single claims to thousands of claims can be processed at any time.
PCard, by The ACH Processing Company
Many American managed health care companies that sell traditional and consumer directed health care insurance and related services are adding the PCard choice to their payment systems.
It’s a flexible and efficient payment solution for reimbursement.
Providers are issued a Virtual Purchase Credit Card or “PCard”.
PCards are 16-digit credit card numbers that can be presented to the provider by the plan for immediate processing.
The PCard will streamline provider payments with a direct and immediate impact on administrative costs.
Greater levels of payment integrity will mean that accounts can be reconciled earlier and with greater accuracy.
Why Providers in Your Network Will Love It:
By law, many states now require large payers to utilize multiple forms of payments. With the added PCard option, providers can diversify and balance their cash flow for added financial security and long-term stability.
When providers use the PCard, they are paid instantly, unlike the standard method of reimbursement where doctors may wait up to 30 days to receive payment for services.
Using the PCard adds top line gross revenue to the practice earlier in the timeline.
With the added choice of how they want to be reimbursed on a per-claim basis, physicians revenue cycle management will be more balanced and stabilized.
The medical provider may choose from payment options:
The claims management and payment system stays the same, and providers can choose how they want to handle the payment, all of which can be managed in the claims management systems.
The PCard can be run through existing merchant acceptance systems, as an authorization card in the normal processing cycle.
Payments become available the same as when credit cards are batched and processed.
The ACH Processing Company, Your PCard Processor
The ACH Processing Company has been a payment processing and financial technology service provider for over 20 years.
We manage over $16 Billion dollars of transactions every year.
Over 15,000 different business entities in multiple industries, trust us to execute transactions on their behalf.
We enable business transactions with multiple parties necessary for daily operations.
When you chose ACH Processing, you get:
- Personalized Customer Service
- Comprehensive Reporting Features
- Centralized Information
- Tightened Cash Flow Cycle
- Transparent Cost
ACH Processing provides clients with cloud-based platforms that are easy to navigate.
We can help both large and small payers lower their high administrative costs of payment distribution by using more efficient processes and electronic payments.
PCards have already been in successful use by other industries such as airlines, travel booking, and large commercial retail corporations for business-to-business payments.
Healthcare Payers, Brokers and Benefits Administrators are facing new challenges: Increasing healthcare costs and Declining margins.
PCards will be the emerging method for health plans and third-party payment vendors to issue payments at a reduced cost, to medical practices for members services.
We help payers, healthcare brokers and benefit management to:
- Provide a variety of flexible payment offerings
- Reduce administrative inefficiencies
- Minimize revenue leakage
- Add transparency
The cost to write, mail and process paper checks adds up over time, and will continue to rise.
Decrease your reimbursement processing expenses by offering PCard payments.
Are you ready to get started?
Are you ready to start talking about offering the PCard, the optimal provider payment solution? Contact us to get all the details and see how a plan can be customized to your organization's needs.