It is a widely known fact that healthcare providers are behind most industries in the management and automation of back-end processes. They have the longest way to go in improving the effectiveness of their payment practices.
Emdeon Payment Network which was launched on June 21st provides a comprehensive suite of electronic and print payment infrastructure that supports both electronic and paper based payments management.
By offering a variety of print and electronic payment channels including virtual card, Automated Clearing House (ACH) direct deposit and Image Cash Letter (ICL) payment capabilities, Emdeon Payment Network does not force the Healthcare Providers to accept electronic payments which greatly reduce the barrier to adoption. However, the analytical engine embedded into the Payment Network identifies and suggests a suitable electronic payment method which nudges the hospitals to move away from paper to a more economical electronic payment platform.
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