NASHVILLE, Tenn., June 21, 2012 /PRNewswire/ -- Emdeon Inc., a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, today announced the launch of the Emdeon Payment Network™, a comprehensive suite of services that combines electronic and print payment infrastructures with an intelligent analytical engine to leverage the payer's chosen distribution channels for healthcare payment transactions.
Emdeon Payment Network has been designed to give payers a strategic cost-effective solution by providing more opportunities to shift transactions from paper checks to electronic payments, while providing considerable postage and operational savings for any remaining paper check payments. Through this comprehensive suite of solutions, Emdeon Payment Network can help payers significantly reduce provider payment distribution expenses and potentially eliminate provider payment distribution printing costs completely over time.
By switching most paper check-based provider payments to electronic methods consisting of virtual card payments, Automated Clearing House (ACH) direct deposit payments and Image Cash Letter (ICL) payments, provider enrollment challenges can be significantly reduced. Emdeon Payment Network examines inbound payment files and routes each payment using the payer's chosen payment distribution methods to minimize payment distribution expenses. The Emdeon Payment Network has been designed to virtually eliminate the burdens typically associated with payment management by offering payers a comprehensive approach to electronic and print payment distribution.
"Emdeon Payment Network can redefine the paradigm of provider payment distribution," said Gary Stuart, executive vice president of Payer Services for Emdeon. "By combining the vast Emdeon network of providers and payers with the electronic delivery capabilities of financial institutions and credit card processers, we can provide our customers a comprehensive suite of payer distribution services, and a smooth transition to significantly accelerate the adoption of electronic payments throughout the healthcare industry."
Emdeon will host a special industry announcement about the launch of Emdeon Payment Network and how healthcare payers can join the healthcare payments revolution during America's Health Insurance Plans (AHIP) Institute 2012 in Salt Lake City. The event will be at Emdeon booth 801 on June 21st at 12:30 pm MDT.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon's offerings integrate and automate key business and administrative functions of its payer and provider customers throughout the patient encounter. Through the use of Emdeon's comprehensive suite of solutions, which are designed to easily integrate with existing technology infrastructures, customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle and clinical information exchange processes. For more information, visit www.emdeon.com.
SOURCE Emdeon Inc.