QuickPayNET™

What is QuickPayNET™?

It is an online application that administrates self-insured group health that can lower premium rates by up to 25%. This application utilizes and administers HSA, HRA and employer trust accounts on behalf of employers for their employees and dependants. This program is especially designed for employers wanting a high deductible group health program.

QuickPayNET™ eliminates the work of processing a medical claim both at the doctors' offices and for the employer. Claims are processed immediately over the Internet or by phone. All accounting for HSA and HRA accounts is immediate. Special programs to cover the high deductible are available. This is a program that can be tailor made to suit the employer's needs and achieve the desired coverage while controlling costs. QuickPayNET™ uses the Claims Advantage™ software to adjudicate all claims via the Internet.

How does QuickPayNET™ work?

• Claims transactions are simple, requiring little if any change in provider business practice.
• Member presents benefits card with QuickPayNET™ logo to their provider (who is already a member of the proprietary network).
• Provider has 3 ways to submit a claim:
  1. 1.) access QuickPayNET™ website
  2. 2.) toll free call center using QuickPayNET™
  3. 3.) traditional paper claim submitted to TPA
• Claims are already preformatted within the QuickPayNET™ system; provider enters appropriate billing codes and the claim is clinicically edited and immediately repriced.
• QuickPayNET™ then makes an offer back to the provider based on the agreed discounts. Provider accepts the offer and payment is made with 72 hours.

Why does it work?

Because providers see QuickPayNET™ as cash with the quick turnaround time.

There are three key components to the QuickPayNET™ system:

1. Proprietary Provider Network based on our value proposition of 100% claims payment within 72 hours.
2. Credit facility to cover member deductibles, honoring the network's promise of 100% payment within 72 hours.
3. QuickPayNET™ Medical Management System is a comprehensive, online claims adjudication system that will process and pay all claims - both those within and above the deductible level - in real time. QuickPayNET™ eliminates 80% of the paperwork involved in claims transactions.

Proven Software Platform

The underlying software for QuickPayNET™ is currently processing over $5 billion in medical claims annually. QuickPayNET™ is web-based and there is no requirement for an expensive capital outlay, major systems upgrade, or on-going maintenance. All you need is a PC and an Internet connection.

What's in it for you?

• Elimination of virtually all small claims paperwork
• Lower costs to process claims
• Higher profit margins
• An easily differentiated, more competitive insurance product based on deeper discounts available in the marketplace.
• Lowers premium for health coverage
• Enriched and happier employees

For More Information

For more information, contact us or visit quickpaynet.com.