News from the Wire

PaySpan at Healthcare Payments Innovations Summit

Thursday, January 24, 2013 — 12:36:35 (EST)

Jacksonville, Fla., Jan. 24, 2013 -- PaySpan, Inc., a leading provider of healthcare reimbursement and payment automation, today announced that Bill Nordmark, senior vice president, will present at the Healthcare Payments Innovations Summit at 8:40 a.m. on January 29, 2013, at the Phoenix Marriott Tempe at The Buttes in Tempe, Arizona.

In a presentation titled "Empowering the Healthcare Economy through Payment Innovation," Nordmark will discuss proven strategies that will enable hospitals, health systems and payers to lower costs and strengthen market differentiation. These strategies include:

• Leveraging a community approach to electronic payments
• Building trust through integrated payment fraud and abuse tools
• Implementing multi-currency reimbursement methods through ACH and credit and virtual card technologies
• Creating value through innovative payment modes and risk mitigation
• Utilizing payment commerce to drive reimbursement strategy

"The summit is an excellent opportunity for providers and insurers to learn about best practices to help their organizations navigate drastically changing business requirements," Nordmark stated. "We are pleased to share our payment knowledge and experience to help attendees thrive in the healthcare economy."

PaySpan, recently awarded Frost & Sullivan's 2012 North American Growth Leadership Award in Healthcare Payment Solutions, is the market leader in healthcare payment and reimbursement automation, delivering more than $3 billion in payments monthly to hospitals and physicians. PaySpan represents more than 380,000 providers, 120 insurers with 62 million covered lives, and 4,000 financial institutions.

The Healthcare Payments Summit will showcase emerging solutions payers and providers are implementing with banks and financial and technology vendors. The event features real-world case studies that can show how organizations can eliminate as much as $50 billion of operating costs annually by:

• effectively automating healthcare payments processing;
• expediting related exceptions resolution;
• improving operational efficiency; and
• enhancing revenue cycle management.

About PaySpan

With more than 25 years of payments expertise, PaySpan, Inc. is a trusted source of innovative healthcare reimbursement solutions that Empower the Healthcare Economy™ 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 www.payspan.com .

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Source: Company press release.