SOURCE: PaySpan, Inc.

PaySpan, Inc.

June 13, 2013 08:04 ET

PaySpan Announces Universal Provider Verification and Enrollment

ATLANTA, GA--(Marketwired - Jun 13, 2013) - PaySpan®, Inc., the leading provider of healthcare reimbursement and payment automation in the industry, today announced a major enhancement to its patent pending PaySpan Electronic Funds Transfer (EFT) and Electronic Remittance Advice (ERA) enrollment process. The launch of PaySpan's Universal Provider Verification and Enrollment Service™ extends PaySpan's industry leading enrollment and verification process to add enhanced proprietary verification processes that improve security for both payer and provider. 

"With the deadline fast approaching for CAQH® EFT/ERA Operating Rule compliance, the industry needs a solution that goes beyond registration to provide a more secure, more vigilant fraud defense for the mutual protection of payers and providers," said Senior Vice President of Payer Economics, Bill Nordmark. "While there are other options for enrolling providers, we believe the PaySpan Universal Provider Verification and Enrollment Service offers the most comprehensive and secure solution." In the past six months PaySpan has signed contracts with several industry leading clearinghouse organizations to power secure EFT/ERA enrollment services that not only meet CAQH Compliance standards, but exceed the requirements with the additional security capabilities. 

The Universal Provider Verification and Enrollment Service builds upon PaySpan's existing database containing all of the approximately 850,000 legal healthcare providers throughout the United States and its territories to connect providers with payers for secure EFT/ERA exceeding the Operating Rule requirements. "This network enhancement further enables reimbursement commerce that is more secure and provides additional fraud prevention, detection and resolution capabilities within the flow of reimbursement," added Nordmark. "Universal Provider Verification and Enrollment is yet another means through which payers can assure payment integrity and leverage PaySpan healthcare reimbursement technologies across their provider and banking relationships."

PaySpan Universal Verification and Enrollment Service goes beyond CAQH® initiatives to provide multi-factor security and verification processes to help prevent fraud and provides additional security protections for providers beyond measures provided for within CAQH's EFT enrollment tool. Kevin Arner, CEO of PaySpan, explained, "We fully support the efforts of CAQH. Our intention is to assure that both payers and providers have the additional protections needed to deter fraud and protect confidential banking information to complement CAQH's EFT enrollment tool. Our verification process utilizes patent pending methods of security to assure accurate and accountable use of payer and provider financial and banking information."

PaySpan's electronic payment platform is the largest healthcare payment network in the U.S. Awarded Frost & Sullivan's 2012 North American Growth Leadership Award in Healthcare Payment Solutions, PaySpan is the market leader in healthcare payment and reimbursement automation, representing providers and health plans that provide care and benefits to more than 64 million covered lives. PaySpan, an AHIP Select Sponsor, will be demonstrating its products and services at AHIP Institute 2013 in Las Vegas, booth #445.

About PaySpan

With more than 25 years of payments expertise, PaySpan, Inc. is a trusted source of innovative healthcare reimbursement solutions that Empower the Healthcare Economy® for health plans, providers, members and banks. Our solutions enable stakeholders to interact across communities, conduct commerce, capture value, instill trust and strategically use reimbursement currency. PaySpan's customers comprise an elite array of industry leaders representing all benefit types, spanning both commercial and government sectors. For more information, visit www.payspan.com.

Contact Information

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    Amendola Communications for PaySpan
    Janet Cabibbo
    480.664.8412 x 15
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