 PaySpan Health Overview
Please visit payformancehealth.com, a site dedicated to Payformance solutions for the healthcare industry. Following is a summary.
Healthcare is a $2 trillion industry that faces many challenges, and holds significant opportunities for improvement. One such opportunity is found in claim settlement, as today over 95% of claims are settled with paper checks and paper remittance advices. The transition to Electronic Funds Transfer (EFT) and Electronic Remittance Advice (ERA) offers tremendous advantages to payers and providers, and can drive out billions of dollars of unnecessary expense.
The industry has made great strides in the last decade through electronic claim submission (occurring for 80 to 90% of claims submitted), and the automated adjudication of the vast majority of submitted claims. Now is the time to complete the claim processing loop – through transition to electronic claim settlement.
PaySpan Health is purpose-built to provide a comprehensive solution for claim settlement. We invite you to learn more about this innovative solution by visiting www.payformancehealth.com. This companion site is dedicated to claim settlement solutions for the healthcare industry. See why payers and providers are making the transition to electronic payments and remittance advices by reviewing www.payformancehealth.com.
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