Healthcare Electronic Funds Transfer

PaySpan Health enables electronic claim settlement, closing the loop on the claims cycle for an electronic approach throughout the cycle

Healthcare is a $2 trillion industry that faces many challenges, and holds significant opportunities for improvement. One such opportunity is found in medical claim settlement, as today over 90% of medical 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 medical payers and providers, and can drive out billions of dollars of unnecessary expense.

The medical 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 – by transitioning to electronic funds transfer and electronic remittance advice.

PaySpan Health is purpose-built to provide a comprehensive solution for medical claim settlement. We invite you to learn more about this innovative solution by viewing the pages on this site. Please see the Solutions section to investigate PaySpan Health from a payer’s perspective or from a provider’s perspective. Learn more about the savings available from PaySpan Health on the value proposition page. Investigate the security, scalability, and performance aspects of the solution.

If you are seeking an optimal solution for medical claim settlement, you have discovered the right place.

For More Information

More details on the unique PaySpan Health approach to claim settlement can be found in a white paper written by PayStream Advisors entitled, "Payformance PaySpan Health - The Next Generation in Healthcare Payment Automation". Also available is a white paper outlining a practical approach to Real Time Adjudication (RTA). The paper addresses the settlement requirements to accomplish an RTA strategy. To obtain either white paper, click here.

Additional information for payers on the PaySpan Health electronic claim settlement solution is contained in the PDF below.
PaySpan Health Payers

To request further information on PaySpan Health, please complete a short Request Information form.