FOR IMMEDIATE RELEASE
ATLANTA – August 13, 2013 – PaySpan®, Inc., the leading provider of healthcare reimbursement and payment automation, today announced that Fallon Community Health Plan (FCHP) has selected PaySpan’s innovative platform to improve efficiencies, lower costs and drive reimbursement strategies across all of its health insurance products and programs, including those that serve the most complex and challenging beneficiaries: dual eligibles.
Massachusetts-based Fallon Community Health Plan, the top National Committee for Quality Assurance (NCQA) ranked Medicaid health plan in the U.S., will implement PaySpan’s platform for full electronic enrollment, reimbursement, and its Electronic Funds Transfer (EFT) and Electronic Remittance Advice (ERA) capabilities, which meet compliance with Affordable Care Act (ACA) mandated EFT/ERA Operating Rules. FCHP is a leader in serving dual eligibles through two of its programs, NaviCare®, a Coordinated Care program for individuals over 65 with Medicare Parts A and B and Medicaid, and Fallon Total Caresm, a new program that will provide integrated health care to individuals aged 21 to 64 years who are eligible for both Medicare and Medicaid.
“Fallon Community Health Plan has a long-standing commitment to provide quality-based, affordable healthcare solutions for all populations, including dual eligibles, and to streamline and simplify processes for our valued provider partners,” explained Rick Commander, Senior Vice President and Chief Operating Officer at Fallon Community Health Plan. “Implementing PaySpan’s EFT/ERA solutions will optimize efficiencies and bring a new level of value and convenience to our providers, specifically in enhancing transparency, simplifying payments and reimbursements and, in particular, better managing dual eligibles, which are among the most costly and complex beneficiaries of healthcare services.”
Bill Nordmark, SVP of Payer Economics for PaySpan, explained, “Fallon Community Health Plan is implementing a comprehensive, automated reimbursement and payment strategy that will support the highest level of coordinated care, improve efficiencies, and boost provider and member satisfaction. These are vital capabilities for driving quality in healthcare and successfully competing in the evolving healthcare economy.”
PaySpan’s electronic payment platform is the largest healthcare payment network in the U.S. Awarded Frost & Sullivan’s 2012 North American Growth Leadership Award in Healthcare Payment Solutions, PaySpan is the market leader in healthcare payment and reimbursement automation, representing providers and health plans that provide care and benefits to more than 64 million covered lives.
About Fallon Community Health Plan
Founded in 1977, Fallon Community Health Plan is a nationally recognized, not-for-profit health care services organization. From innovative health insurance products available throughout Massachusetts for all populations, to unique health care programs and services for independent seniors, FCHP supports the diverse and changing needs of all those it serves. FCHP has consistently ranked among the nation’s top health plans, and is the only health plan in Massachusetts to have been awarded “Excellent” Accreditation by the National Committee for Quality Assurance for its HMO, Medicare Advantage and Medicaid products. For more information visit http://www.fchp.org/
With more than 25 years of payments expertise, PaySpan, Inc. is a trusted source of innovative healthcare reimbursement solutions, Empowering the Healthcare EconomyTM for health plans, providers, members and banks. Our solutions enable stakeholders to interact across communities, conduct commerce, capture value, instill trust and strategically use reimbursement currency. PaySpan’s customers comprise an elite array of industry leaders representing all benefit types, spanning both commercial and government sectors. For more information, visit payspan.com.