ATLANTA, GA--(Marketwired - Sep 26, 2013) - PaySpan®, Inc., the leading provider of healthcare reimbursement and payment automation, today announced that physician-founded MVP Health Care® (MVP) has selected PaySpan's platform to automate reimbursements for providers and members. The PaySpan powered solution for MVP will streamline payment processing and reconciliation for providers, reducing administrative costs and simplifying member payments for improved patient and member service quality.
This capability will make MVP fully compliant with Federally-mandated CAQH CORE Electronic Funds Transfer (EFT) and Electronic Remittance Advice (ERA) Operating Rules in advance of the January 2014 deadline. MVP Health Care serves members across New York, Vermont and New Hampshire, and is an active participant in the communities they serve.
"Automating healthcare payments and reimbursements is a critical component of efficient interoperability in today's complex healthcare economy. With our advanced reimbursement platform and expertise, and industry leading payers such as MVP Health Plan, we are enabling valuable payer-led provider-centric solutions for financial transparency in value-based care models. We are pleased to welcome MVP Health Care to our network," explained Bill Nordmark, PaySpan's Senior Vice President for Payer Economics.
David Orlando, Corporate Vice President of Operations at MVP Health Care commented that, "The PaySpan platform will enable us to streamline collaboration and communication with our providers and members. It is a vital part of our strategy to accelerate adoption of proven, innovative technologies that will make MVP Health Care the first and best choice for high quality, cost effective care in the communities we serve."
About MVP Health Care
Founded in 1983, MVP Health Care® is a community-focused, not-for-profit health insurer serving members in the states of New York, Vermont and New Hampshire. Through its operating subsidiaries, MVP Health Care provides fully-insured and self-funded employer health benefits plans, dental insurance, and ancillary products, such as flexible-spending accounts, to more than 613,000 members. For more information, visit www.mvphealthcare.com.
About PaySpan, Inc.
With more than 25 years of payments expertise, PaySpan, Inc. is a trusted source of innovative healthcare reimbursement solutions. Serving more than 450 health plans, their 65 million covered lives and a community of 450,000 providers, PaySpan is Empowering the Healthcare Economy®. Our solutions enable stakeholders to interact across communities, conduct commerce, capture value, instill trust and use reimbursement as strategy. 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.