Achieve Administrative Savings and Operational Efficiencies
Migrating providers to Electronic Payments and Statements saves payers 20- 50% in administrative expenses over paper-based transactions. The Electronic Payments and Statements solution eliminates costly manual and paperbased processes that create unnecessary administrative expense for payers. Unnecessary expenses such as banking fees, postage, printing, manual labor processes, raw material holding cost, calls related to check status, and voided/ returned checks can be eliminated.
Large Enrolled Provider Base
More than 333,000 health care professionals and over 50,000 provider groups are enrolled today with presence in all 50 states. Nearly $2 billion in electronic fund transfers and 8-10 million electronic remittance advices are processed monthly. Payers can quickly activate many of their highvolume providers and achieve meaningful cost savings. OptumHealth Financial Services can assess your provider network today to confirm the number of active provider enrollees and quantify immediate savings potential.
Seamless Migration from Paper to Electronic
The Electronic Payments and Statements solution is a complete remittance and reimbursement solution. Both print and electronic transactions can be managed from a single payer data file, providing efficient support for today’s paper-based providers while seamlessly migrating to more efficient electronic processing.
Effective Provider Enrollment Campaigns
The Electronic Payments and Statements solution features integrated enrollment campaigns that motivate paper-based providers to shift to more cost-effective electronic solutions. OptumHealth Financial Services communicates program benefits to providers, captures provider transaction preferences, and motivates providers to adopt the Electronic Payments and Statements solution. Participating providers enjoy improved payment turnaround time, reduced errors and denials; elimination of lost and delayed checks; online access to electronic account and remittance information; automatic postings and integration with provider practice management systems. Thousands of new provider TINs are enrolled monthly.
