Provider Payments, Workers Comp Payments, and MSA Cards
As an end-to-end processor for electronic payments and debit cards, DataPath is carving a path through the complex settlement and insurance payment landscape.
Processing indemnity and provider payments can be full of obstacles like high administrative costs, payment delays and duplications, manual errors, fraud, escheatment, and lost EOBs. In addition, settlement recipients need a way to access their funds quickly and securely.
Forge a trail to an accurate, efficient, and secure insurance claims, payment and settlement process with DataPath Payment Solutions. With our Payment Solutions, you can save time, reduce errors, automate payments, decrease fraud, streamline the EOB reconciliation process, and more.
The Pain of Payment Processing
When payers use traditional processing methods, they can be plagued by high administrative costs, payment delays and duplications, manual errors, escheatment and lost EOBs. Trying to keep everything straight and mitigate rising costs can be a headache for payers.
For medical providers and injured workers, they find themselves frustrated with slow payments, payment errors, and a lack of full-time support. MSA recipients want convenient access to their settlement funds so they can get medical care.
DataPath’s modern payment solutions that can reduce overall costs, provide secure transactions, and speed up the payment process.
Claims processing in today’s world is more complex and more costly than ever before. Workers are experiencing more severe injuries and the recovery duration is getting longer. With multiple claims and EOBs to process for healthcare providers, payers are finding that manually processing payments is an expensive, time-consuming endeavor.
DataPath’s Provider Payments is a virtual payment solution that simplifies and streamlines the payment and EOB distribution process. Provider Payments helps reduce fraud, payment errors, processing fees, and high administrative fees. It also utilizes a secure web portal which ensures that the required EOBs make it to the provider. Providers receive payment immediately and payers can reduce their administrative burdens.
- Centralized provider payments
- Attach EOB/EOR to any payment type
- View claims and reimbursement history
- Direct EDI with claims system Secure, role-based access tailored for your organization
Workers’ Compensation Payments by RenewCard™
Indemnity payments account for approximately 40 percent of claim costs. With injury severity on the rise and duration of recovery getting longer, the costs of workers’ compensation continues to rise. What’s more, American workers are becoming more mobile and may not have access to their home banks. An estimated 25 million workers are unbanked or underbanked. Payers need a way to ensure that injured workers get their funds in a timely manner while keeping costs under control.
RenewCard is a bank-neutral payment solution that:
- Delivers quick payments
- Cuts down excessive costs
- Reduces fraud and escheatment
Payers set a payment schedule and the RenewCard is automatically reloaded for the duration of the recovery. Injured workers don’t have to worry about cashing a check or waiting for payment delivery – it’s all on RenewCard.
Medicare Set Aside Accounts with RelianceCard™
For Medicare Set Aside (MSA) recipients, getting the care they need and staying in compliance with CMS guidelines is challenging. They need convenient, account-linked debit card with robust features. RelianceCard links directly to their account and provides instant access to their funds. No need for claims reimbursement. In addition, they have access to DataPath’s patented ClaimsVault™, which acts an electronic shoebox for records and receipt keeping.
TPAs need a solution that can attract new clients, prevent benefit fraud, and save time and money processing claims. Plus, when TPAs partner with a pharmacy benefit manager, card holders can receive discounts on prescriptions and other medical supplies purchased within the pharmacy network.
- Immediate Access to Funds
- Accessible Claims and Receipts
- Convenient Pharmacy Savings
- Greater Peace of Mind
- Industry-Leading Customer Support
|Payment Solutions (pdf)|
|Provider Payments (pdf)|
|Assessing the Hidden Risks of Payment Processing [ web | pdf ]|
|The Benefits of End-to-End Card Processing: Effective, Efficient & Secure [ pdf ]|
|The Missing Link in Provider Payments [ web | pdf ]|
|The Hidden Costs of Indemnity Payments [ web | pdf ]|