Agreement extends successful Wright Express offering to new vertical.
Wright Express Corporation, a global provider of value-based business payment processing and information management solutions, today announced an agreement with PaySpan, one of the nation’s largest healthcare payments and reimbursements processors, to bring its single-use virtual payments solutions to the healthcare industry.
“This agreement expands our highly successful single-use virtual payments offering for online travel and claims companies into a new vertical that is facing increasingly complex payment solution needs — healthcare payments — to help client companies find ways to save money and time, increase control and security, and manage scale,” said David D. Maxsimic, executive vice president at Wright Express. “PaySpan’s long history of payments success and steady, continuous growth make it an attractive partner, and its unique positioning allows us to connect to a broad community of users across the healthcare payments industry. Pairing PaySpan’s deep payer and provider knowledge base in the healthcare payments space with the Wright Express technology platform will enable PaySpan and Wright Express to bring greater productivity and efficiencies to the rapidly growing healthcare industry.”
Click here to view the entire Wright Express press release.
In an effort to maximize cash flow and maintain profitability, healthcare companies are slowly transforming the way they do business. The goal is to optimize limited IT and accounting resources, lower costs and increase productivity, without compromising the quality of patient care. Like medical technology designed to help patients, automation solutions work to drive cost savings opportunities to maximize efficiencies that will positively impact a healthcare provider’s bottom line.
Stay tuned for PayStream’s 2012 Healthcare ePayables report titled “Turning AP into a Paper Free Environment,” that will provide benchmarking data and an overview of automation solutions available to drive cost and time saving benefits to healthcare organizations.