Wednesday, November 13, 2013

News for MVP Partners With PaySpan

MVP partners with PaySpan®

MVP was excited to announce in September that they have partnered with PaySpan to offer providers the health care industry’s leading solution for Electronic Funds Transfers (EFTs) and Electronic Remittance Advices (ERAs) coming in 2014. This service is provided at no cost and allows online enrollment.

If you are a health care provider, you know that the time your staff spends on payment issues and reconciliation is time taken away from patient needs. Using this free service you can take advantage of EFTs and ERAs to settle claims electronically, without making an investment in expensive EDI software. Following a quick online enrollment, you will be able to receive ERAs and import the information directly into your Practice Management or Patient Accounting System, eliminating the need to key remittance data off of paper advices.

Using PaySpan® will rapidly transition providers into the world of electronic payments and automated reconciliation, greatly reducing paper work. Providers will be offered a complete solution for claim payment management including routing EFTs to the bank account(s) of their choice, managing multiple payers, choosing how to receive remittance details, easily re­associating payments with claims and taking advantage of claim and remittance retrieval and reporting.

Provider who are already using PaySpan for other payers, just need to add MVP to their PaySpan profile. They will keep the same username and password they currently have through PaySpan and their banking information will remain the same. Providers not using PaySpan already will receive a letter in the coming months with specific sign up information once registration for MVP is open.



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