PayerFusion Receives Third Party Administrative License in State of Florida

MIAMI, Aug. 24, 2011 /PRNewswire/ -- PayerFusion, a leader in healthcare claims administration, today announced its receipt of a Third Party Administrative (TPA) license from the Florida Office of Insurance Regulation. This license allows PayerFusion to serve as a full service administrator in the state of Florida with authority for premium collection and administration, claims processing and payment adjudication.  

TPA licensure involves an extensive and rigorous application process and the posting of a fiduciary bond. These strict procedures ensure that PayerFusion services are both compliant with Florida law and are trustworthy from a fiduciary perspective. They also allow PayerFusion to provide its insurance clients with efficient and compliant administrative solutions and access to the company's proprietary provider network.

"Receiving our TPA license in Florida is just the first step in helping improve payers' control over their internal processes," said Griselle Chernys, founder and CEO of PayerFusion. "By utilizing PayerFusion's services and resources, payers are now able to lower their operating costs by reducing the costs for claims and claims administration and compliance while improving patient satisfaction."

Formed in 2009, PayerFusion has developed an innovative and effective approach to claims processing and plan administration that benefits all parties involved in healthcare delivery – payers, providers and patients.  These services can be utilized by USA domestic insurance companies and international insurance companies, self-funded employers' healthcare plans programs and companies who are seeking to transition to a self-funded plan.  

PayerFusion's unique services benefit providers who deserve fair compensation for quality care, payers who seek to pay fair prices for medical services rendered, and patients who want hassle-free access to affordable, quality care.

For further information:
www.PayerFusion.com

SOURCE PayerFusion