RICHMOND, Va., Sept. 12, 2013 /PRNewswire/ -- HealthcarePays, Inc. (HCP), a member-owned "payment network" designed to cut healthcare costs, has partnered with OneMind Health (previously MDE) to provide a new ePayment solution for dental providers. The cloud-based solution replaces paper checks and Explanation of Benefits (EOBs), turning them into uniform electronic remittances that seamlessly connect to existing accounts receivable systems and provide fast payment processing and comprehensive payment reports.
HCP employs a member-owned network for healthcare payment processing that is proprietary, industry-standardized and compliant with the Affordable Care Act (ACA) and all state and federal laws. Employers, providers and insurance companies are joining HCP to combat waste and fraud, create efficiencies for healthcare payment processing, access industry-wide data cube analytics, and to own equity in HCP and receive dividends.
"Dental providers are spending incredible resources in time and money using paper to process claims and payments. Our partnership with OneMind allows dental providers to use the HCP network to easily switch from daunting paper processing to an efficient electronic system," says HealthcarePays Chief Executive Officer Dave Adams. "The beauty of the collaboration between our two companies is that the provider will not have to do anything new – simply have OneMind process their receivables and electronic payments through our national network."
Both companies enable dental providers to experience a new level of accountability and transparency with tools that trace payments through the system, as well as the ability to link up to electronic payments, and access robust payment reports. To date, providers have hesitated to accept electronic remittance and electronic payments as timing is not often coordinated effectively. Through this partnership, providers will be able to bill efficiently, simplify workflows and improve waste and fraud detection.
"HealthcarePays has created an electronic network that allows us to connect our dental provider customers to an electronic solution that delivers quick and efficient payments and remittance information. It also gives the dental providers payment transparency throughout the process and helps them free themselves of paper receivable processes such as paper EOBs and faxes that cost time and money," said OneMind Health Chief Executive Officer Richard Moore. "Our partnership with HCP will help our valued customers using our OM Dental Suite to meet their business goals, receive rich reporting features and improve their cash flow."
HCP interacts with all existing healthcare industry organizations including employers, hospital systems, physician groups, providers, insurance companies, government payers such as Medicaid and Medicare, intermediaries, clearinghouses and banks.
About OneMind Health
OneMind Health (previously MDE) recognizes the challenges of managing dental practice revenue. Collaborating with industry experts, OneMind Health has identified the specific challenges dental practices face and applied that knowledge to develop a better way for dental practices of all sizes to improve workflow, streamline eligibility and claims processes, and interact more easily with patients and other professionals. The result is an intuitive, cloud-based suite of products that reduces denials, accelerates treatment plan acceptance and makes payments from insurance companies and patients easier to process. www.onemindhealth.com
About HealthcarePays, Inc.
HealthcarePays (HCP) is a member-owned "payment utility" designed to cut healthcare costs. HCP, headquartered in Richmond, Virginia, with a technology team in Carlsbad, California, provides a fast, secure, electronic network that simplifies and improves the healthcare payment system. HCP streamlines the movement of healthcare payments and filters such payments among providers, payers, self-insured employers, government payers, intermediaries, clearinghouses and banks in the U.S. The secure network is highly efficient, cost effective and fully compliant with the Affordable Care Act and other state and federal laws. www.healthcarepays.com. https://twitter.com/healthcarepays; https://www.linkedin.com/company/healthcarepays.
SOURCE HealthcarePays, Inc.