Prepaid Mastercard

Taking cost out of the healthcare claims settlement process is becoming extremely important as the healthcare industry works through the new regulatory landscape and stakeholders look for means to create more efficient administrative practices and profitability. Managing any provider payment process by paper is time intensive and costly for both the payer and the medical provider. The Rete+Pay Prepaid Mastercard option ensures funds are loaded and available for use in a more timely manner. With an estimated 31 million more Americans entering the healthcare system by 2014, Rete+Pay can help healthcare payers comply with the new healthcare reform compliance rules, prepare for an anticipated influx of new claims, lower their administrative costs, meet required paid loss ratios, and deliver streamlined solutions to the medical provider network. An electronic payment service that creates a true “win-win-win” for everyone!

Payer & Provider Advantages:

  • Provider payment solution that incorporates pre-established medical provider payment accounts and paperless explanation of benefits
  • Direct medical provider network recruitment targeting highly utilized providers ensures greater electronic reimbursement adoption
  • ETF solution that actually reduces administrative expenses from the first day of service
  • No monthly per member fees, transaction charges, or set-up expenses
  • Dramatic reduction in printed checks, postage, and fulfillment costs from your current vendor
  • Only virtual payment solution offering on-line claims 24/7 payment visibility for both the providers & payer
  • Payments clearly identified with Payer’s branded name
  • Payment Security - Ability to “lock-down” each Provider’s Existing Merchant Terminal or pre-established account
  • Direct Deposit of Claim Payments via Payers existing electronic payment method
  • Payments are linked to an on-line Claims Management Portal for easy access, reconciliation, and Payment History
  • No changes are required to a payer’s claim payment system. Rete+Pay is an independent ASP service