In addition to generating payments, the new offering provides Explanation of Benefits (EOB) statement delivery, includes 1099 management and processing, is file-agnostic, and allows users payment information status and access through an online portal.
The solution, which property and casualty insurer NJM Insurance Group (NJM) is already actively leveraging as a client, is designed to fully automate the medical and dental claims process.
The solution also leverages a network of more than one million providers that have elected to receive ACH or Virtual Card payments. Virtual Card is a key payment modality, particularly because it is often preferred by providers for its ease of use.
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