Solution Suite designed to transform how provider payments are delivered, and help payers cut costs.
Emdeon Inc., a provider of healthcare revenue and payment cycle management and clinical information exchange solutions, announced the launch of the Emdeon Payment Network™, a comprehensive suite of services that combines electronic and print payment infrastructures with an intelligent analytical engine to leverage the payer’s chosen distribution channels for healthcare payment transactions.
Emdeon Payment Network has been designed to give payers a strategic cost-effective solution by providing more opportunities to shift transactions from paper checks to electronic payments, while providing considerable postage and operational savings for any remaining paper check payments. Through this comprehensive suite of solutions, Emdeon Payment Network can help payers significantly reduce provider payment distribution expenses and potentially eliminate provider payment distribution printing costs completely over time.
By switching most paper check-based provider payments to electronic methods consisting of virtual card payments, Automated Clearing House (ACH) direct deposit payments and Image Cash Letter (ICL) payments, provider enrollment challenges can be significantly reduced. Emdeon Payment Network examines inbound payment files and routes each payment using the payer’s chosen payment distribution methods to minimize payment distribution expenses. The Emdeon Payment Network has been designed to virtually eliminate the burdens typically associated with payment management by offering payers a comprehensive approach to electronic and print payment distribution.
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As budgets continue to be slashed and demand for quality healthcare continues to grow, healthcare finance professionals are constantly looking for ways to cut costs without sacrificing department performance or hurting supplier relations. PayStream research shows that use of an electronic payments platform such as Emdeon’s is an excellent way to achieve these goals. Learn more by downloading a FREE PayStream report titled Electronic Supplier Payments: Innovation Drivers for Corporate ePayments, and stay tuned for the Healthcare Procure to Pay Webinar, coming up on July 19th. Also in the pipeline is the Healthcare ePayments report which is scheduled to be released later this week.