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Bradesco Selects Transax

Saturday 24 July 2004 10:02 CET | News

Transax International has received approval from Bradesco -- Brazils largest health insurer with 2.4 million lives insured and a subsidiary of Brazils largest bank -- to commence installation of its Point of Sale solution into medical providers offices, clinics and hospitals in major centers in Brazil.This roll out is a continuation of the successful integration of Transaxs Medlink solution into Brazils largest medical laboratories through its PC and server solutions, which are now collecting "real time" authorization and adjudication transactions for Bradesco Insurance as well as providing "real time" billing functions. The POS solution developed by Transax allows, through the use of a magnetic stripe card or smart card containing critical patient information such as medical plan, a provider to undertake instantaneous eligibility, authorization and adjudication of medical claims to the health insurer. Initial POS transactions for Bradesco will be processed through Transaxs proprietary software on already installed POS devices in the Transax network, enabling a medical provider to undertake claims for multiple insurers contracted by Transax through a single POS device, thereby increasing the revenue generating ability of the unit. In addition to the 450 POS units currently installed in its network, Transaxs subsidiary in Brazil expect to install a further 3,000 POS units into medical providers in Brazil over the next 18 months for currently signed contracts and other PC, server and network solutions into medical facilities in addition to its Interactive Voice Response Unit in its aim to provide "Total Connectivity To The Health Insurance Industry" for "real time" paperless processing of heath insurance claims.

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Categories: Payments & Commerce | Payments General
Countries: World
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