Benefits

• Implementation is at no cost to the payer (insurer or TPA).
• Payment processing costs are reduced significantly. The program eliminates mail costs and the uncertainly of mail timing and address changes. No more lost, stolen, or damaged checks.
• Fraud declines because the one-time use card has a short expiration date that cannot be overcharged.
• The Explanation of Payment advice (Explanation of Benefits) is exactly as it appears on the payer’s paper check. Providers can maintain their existing internal method of matching payments to bills and there is never any confusion over what services are covered by the payment
• We experience a first time acceptance rate of over 70% among healthcare providers

The InsurCard Advantage

• We are a vertically integrated solution. The key components of our processes are all in-house, including the Call Center, Development, IT, EFT
• Providers do not need to enroll
• Providers continue to use their existing office technology
• Reconciliation is easy for Payer and Provider as payments are not consolidated making it simple for the Provider to reconcile and the Payer to reconcile and handle exceptions, corrections, voids etc.
• Accepted by more than 650,000 health care providers
• We are the authorizing processor which allows complete control of the entire process and gives our Call Center agents real-time access and real-time ability to address any provider issues to ensure the highest level of customer service
• We experience a first time acceptance rate of over 70% among healthcare providers

Benefits

• Implementation is at no cost to the payer (insurer or TPA).
• Payment processing costs are reduced significantly. The program eliminates mail costs and the uncertainly of mail timing and address changes. No more lost, stolen, or damaged checks.
• Fraud declines because the one-time use card has a short expiration date that cannot be overcharged.
• The Explanation of Payment advice (Explanation of Benefits) is exactly as it appears on the payer’s paper check. Providers can maintain their existing internal method of matching payments to bills and there is never any confusion over what services are covered by the payment
• We experience a first time acceptance rate of over 70% among healthcare providers