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Healthcare Payments

Welcome to the News View for "Healthcare Payments".

Here, on these archive pages, you'll find all of the articles on Payments News for Healthcare Payments listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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November 05, 2013

Headline News from PaymentsNews.com - November 5, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami, Nov 4-7, 2013.
  • Glenbrook's Jacqueline Chilton will be speaking social media and payments at the W.net Northern California LINC Networking event being held November 14 at Google.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

November 01, 2013

Headline News from PaymentsNews.com - November 1, 2013

On Twitter:

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami, Nov 4-7, 2013.
  • Glenbrook's Jacqueline Chilton will be speaking social media and payments at the W.net Northern California LINC Networking event being held November 14 at Google.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

October 07, 2013

Headline News from PaymentsNews.com - October 7, 2013

On Twitter:

On the web:

  • In Las Vegas, Alternative Currency Buffs Are Making The Case That Bitcoin WIll Do To Money What The Web Did To Information - "Bitcoin today is in a similar state that the Internet was in 1992. It's functional and useful, but the great use cases are only just now happening. It's only going to get better and better."
  • India’s audacious plan to bring mobile payments to the masses: pair them with a national ID card - Quartz - "Nandan Nilekani, a founder of Infosys and the man in charge of the Aadhar scheme, suggested last week that the platform the cards run on will be extended to include peer-to-peer money transfers."
  • Ripple Takes on Western Union With Deal to Grow Payments - Bloomberg - "Ripple, a San Francisco-based startup, operates payments software and a digital currency that resides in a consumer’s account known as a Ripple Wallet. Under the agreement, Ripple will let consumers link those Wallets to ZipZap accounts."
  • Apple's Mobile Commerce Mojo - Pymnts.com (Karen Webster) - "Well, we don’t think they’re right and the little slide deck that is attached gives you 7 reasons why Apple is the last company on earth that should be written off as a loser in mobile commerce."
  • Fraud Happens. So What Do You Do? - Portals and Rails Blog (Douglas King) - "The important takeaway I got from this report is that no matter the technology or standard used on payment cards, it remains critical to keep personally identifiable information protected and to continue to educate consumers about sound payment practices."
  • The Evolution of Electronic Payments - "This infographic created by SwitchPay, a mobile payments company, visually represents the evolution of electronic payment technology from the first mention of the credit card in a novel published in 1887, the birth of ecommerce from the first online purchase, to the advancement of mobile payment technology."

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our new series of Glenbrook Payments Boot Camps coming this month - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

May 09, 2013

Headline News - May 9, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

April 25, 2013

Headline News - April 25, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

April 23, 2013

The InstaMed Health Care Payments Account

InstaMed logo 140pxInstaMed has announced the launch of the InstaMed Healthcare Payments Account enabling health care providers of all sizes, from solo physician practices to large hospitals, get paid faster and through more channels to increase payments, reduce bad debt and cut collection costs.

The InstaMed Healthcare Payments Account is a new concept in the healthcare industry that transforms the flow of money to providers,” said Bill Marvin, President and CEO of InstaMed. “By delivering a simplified approach to the complexities of getting paid in healthcare, we are enabling providers to collect more payments, get paid faster and operate more efficiently.”
Any healthcare provider can register for an InstaMed Healthcare Payments Account free of charge. Once activated, the account enables providers to collect more patient payments by accepting all payment types at every patient interaction point.

February 01, 2013

January 14, 2013

Medagate Launches Dual Network Healthcare Payment Card

Otc network logo 140x60pxMedagate, a wholly owned subsidiary of InComm, announced the launch of the MasterCard Dual Value Health Card, the first dual network healthcare spending card.

With the Dual Health Value Card, administrators can designate spending for certain items, such as flu shots, prenatal vitamins or smoking cessation products. Retailers and benefit providers can also offer coupons or special promotions to specific populations (for example, allergy sufferers on the first day of hay fever season). Funds and items on defined contribution and controlled spend lists can be reloaded and redefined at any time. The Dual Value Health Card’s functionality allows plan administrators to give access to flexible benefits, and the distinct tracking allows health program providers to restrict the cards from being used to purchase items such as alcohol, tobacco and other non-approved items.

The Dual Value Health Card enables employers and health plans to combine a member/employee healthcare funding purse with a restricted-spend purse for targeted items and incentives.

November 27, 2012

New NACHA Rule Supports Electronic Health Care Claims Payments via ACH

NACHA logo 140px NACHA announced that its membership has adopted a new health care payments rule as part of the NACHA Operating Rules.

“Any health care provider with a bank account will be able to receive a health care electronic funds transfer (EFT) via ACH, just like a Direct Deposit,” said Janet O. Estep, NACHA president and CEO. “Providers will benefit from faster deposits and access to funds, and cost savings from not having to deposit paper checks. Payers will also benefit from replacing the printing and mailing of paper checks with electronic payments via ACH.”

The rule supports health plans’ and health care providers’ use of the ACH Network for electronic health care claims payments, and the electronic “reassociation” of these payments with electronic remittance advices (ERAs).

August 22, 2012

June 20, 2012

May 09, 2012

February 15, 2012

February 13, 2012

InComm Acquires Restricted Spend Payment Company Medagate Corp

InComm logo 140pxInComm announced that it has acquired Medagate Corporation, the company that powers OTCNetwork, the only national closed loop over-the-counter (OTC) healthcare benefits payments platform.

Medagate's technology platform supports several applications that enable retail and healthcare to intersect at the point of sale, enabling insured health plan members as well as Medicare and Medicaid members to access and spend their monthly healthcare benefits in an easy and familiar manner.

All current employees of Medagate will remain with the company, with its existing management continuing to run the day-to-day operations.

September 12, 2011

mPay Gateway and MasterCard to Accelerate Healthcare Payments

Mpay gateway logo 140x60mPay Gateway announced that it has entered into an agreement with MasterCard to expand MasterCard acceptance through support of mPay Gateway’s point-of-care payment system.

“Patient payments are the fastest growing portion of healthcare providers’ revenue streams, but they traditionally have one of the lowest collection rates,” said Brian Beutner, chief executive officer of mPay Gateway. “Working with MasterCard, our technology is addressing inefficiencies in the patient payment process to streamline transactions and increase payment transparency so that providers can improve cash flow and better align with their patient’s payment preferences.”

June 23, 2011

June 06, 2011

January 13, 2011

May 12, 2010

U.S. Bank Addresses Consumer-Directed Healthcare Opportunities

US BankU.S. Bank Healthcare Payment Solutions has announced it is "expanding its consumer product suite beyond health savings accounts (HSAs) with a comprehensive set of services designed to make consumer-directed healthcare (CDHC) easier to manage. U.S. Bank’s new integrated set of card-based payment solutions enables employers to offer competitive benefits plans, with tax savings to employees, while managing costs." READ MORE »

April 19, 2010

WAUSAU Financial Systems Introduces Health Care Remittance Service

WAUSAU Financial Systems has announced an outsourced health care remittance processing service - the Healthcare Revenue Cycle Management Service - that that company says "makes it easy for financial institutions of any size to process complex commercial health care payments without investing in the technical infrastructure, people and expertise required to build this capability." READ MORE »

November 24, 2009

Visa, SHPS Renew Agreement for Employee Benefit Cards

Visa and SHPS have announced "the renewal of a collaborative agreement which pairs the world’s largest electronic payments network with one of the nation’s largest providers of account-based, consumer-driven healthcare solutions. Under terms of the renewal, Visa remains the preferred payment brand for employee benefit card programs administered by SHPS, which serves large and mid-sized employers, health insurance carriers, and government agencies." READ MORE »

September 01, 2009

Fifth Third to Offer mPay Gateway's Patient Payment System System

Fifth Third Processing Solutions has announced that it has entered into an agreement to provide a patient payment system from mPay Gateway to its physician practice customers. According to the company, "mPay Gateway's software solution enables health care providers to calculate the patient's share of a bill for service and obtain payment authorization before a patient leaves the office, eliminating billing hassles and reducing bad debt by up to 50 percent. The patient is actually charged only after the health care provider settles with the insurance company." READ MORE »

July 23, 2009

TSYS Healthcare, Consumer Health Technologies Partner

tsys_top_logo.gifConsumer Health Technologies and TSYS Healthcare have announced an agreement that "extends streamlined payment solutions to consumers, enabling easier, more convenient and cost effective healthcare purchases. TSYS Healthcare’s payment card solution offers end-to-end functionality with greater automation, refined reporting and smoother reconciliation capabilities, resulting in minimal error rates. The TSYS Healthcare system will be integrated into BenefitSpan™, CHT’s award-winning total benefit administration platform for managing HRA, FSA and HSA accounts." READ MORE »

July 21, 2009

Sterling HSA Selects Metavante's WealthCare Card

Metavante_logo-140px.jpgMetavante has announced that it has been selected by Sterling HSA to be its exclusive provider of benefit debit card and healthcare payment technology. Sterling HSA is an independent, privately held company offering health savings account administration services to employers and individuals nationwide. READ MORE »

July 06, 2009

MasterCard Extends Agreement With OptumHealth

OptumHealth_logo-140px.jpgMasterCard has announced a multi-year contract extension with OptumHealth Inc.'s OptumHealth Bank to issue MasterCard cards for health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs), including the accounts they manage for UnitedHealthcare members. The OptumHealth MasterCard cards can be used as a form of payment, tied to these tax-advantaged accounts, for eligible medical expenses, such as copayments, deductibles, prescriptions, vision care and certain over-the-counter items. READ MORE »

June 11, 2009

InComm, WiredBenefits Announce Retail Healthcare Partnership

inComm_logo-140px.jpgInComm and WiredBenefits have announced an agreement to develop and market a suite of prepaid healthcare cards through InComm’s network of partner retailers. According to the companies, "aligning WiredBenefits’ Healthcare Platform with InComm’s 145,000 store retail network creates a healthcare delivery method a prepaid format that is familiar to consumers and beneficial to retailers." READ MORE »

June 09, 2009

Survey Says One-Third of Physician Offices Don't Accept Credit Cards

SK&A Information Services has released findings from its Physician Office Credit-Card Acceptance Survey - concluding that "33% of U.S. physician offices do not accept credit cards as a form of payment. This represents a 5% increase since last year's survey, and the research suggests doctor offices are limiting this form of payment as a result of their patients being affected by high interest rates, maxed out credit limits and a more challenging ability to qualify for credit." READ MORE »

June 02, 2009

U.S. Bank Introduces New Payment Solution for Physician Offices

U.S. Bank has launched Healthcare Payment Management (HPM) Essentials, a physician-focused payment tool that enables doctors’ offices to collect more patient self-pay balances – such as co-pays and deductibles – at the time and point of care. READ MORE »

March 26, 2009

TSYS Acquiring Solutions Adds Healthcare Provider POS Solutions

TSYS Acquiring Solutions has announced partnership agreements with mPay Gateway and Nova Libra to provide point-of-sale payment solutions that meet the needs of healthcare providers and their patients, as well as pharmacies and drug stores. READ MORE »

March 14, 2009

NPR: Dental Credit Cards Drill A Hole In Some Wallets

This morning's Weekend Edition on National Public Radio included a report titled "Dental Credit Cards Drill A Hole In Some Wallets" by Kelley Weiss. The story talks, in particular, about CareCredit - a division of GE Money that offers healthcare financing for consumers through a network of over 100,000 providers.

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