Navigation Links
Buffalo Company Launches First-ever National Electronic Transaction Network to Improve Health Care Access for Uninsured and Underinsured
Date:1/31/2008

HealthTransaction Network(R) keeps costs down and improves access by

connecting health care facilities and consumers

BUFFALO, N.Y., Jan. 31 /PRNewswire/ -- HealthTransaction Network(R) is creating the first-ever nationwide health care provider network to provide routine wellness and preventive care services to underserved populations at affordable costs, the company announced today.

HealthTransaction Network connects providers and consumers using an electronic transaction network system that quickly, securely and efficiently facilitates and processes transactions between the parties. The Network operates using a shared processing infrastructure, consumer cards and a new electronic transaction terminal device located at participating provider sites.

"The Network is a win-win for health care consumers and providers," said Joseph E. Wolfson, President and CEO of HealthTransaction Network. "It reduces costs for the provider making it possible for them to offer routine medical services at more affordable rates to the consumer, thereby improving access and patient outcomes."

Participation in the Network is open to all health care providers nationwide and consumers can access and purchase services by subscribing and obtaining a card from a participating provider or employer. The cards incorporate biometric technologies to ensure patient identification (e.g., fingerprint and signature verification), and also may be used as a stored value card. Consumers will pay only a minimal processing fee to obtain a card and subscribe to the Network.

The types of services that will be available to consumers that subscribe to the Network include preventive, wellness and routine services such as physicals, dental cleanings, eye exams mammograms and x-rays. All services will be available on a per transaction basis, and consumers will also have access to generic prescriptions for as low as $7.00.

HealthTransaction Network has plans to expand their electronic health care network in the northeast and ultimately throughout the United States. The company is currently in negotiations with several other health systems and provider networks and is also engaging small business owners.

"Employers currently unable to afford health coverage for their employees will now have another option," explains Wolfson. "By participating in the Network employers can contribute to their employees' health care by adding funds through the stored-value function of the consumer card. The employees can then use the card to purchase routine medical services at any participating HealthTransaction Network location -- nationwide."

Two health systems in Western New York have signed on as the Network's first provider participants. TLC Health Network and Brooks Memorial Hospital will install Network transaction terminals at their many locations and will offer routine medical services at reduced costs to consumers that subscribe to the Network beginning in the second quarter of 2008.

"This new program is just the beginning of an exciting new vision for TLC Health," said Louis Frascella, TLC Health President and CEO. "By participating in the Network, we are increasing access to preventive and wellness services that will ultimately decrease the number of patients that delay care until they are very sick."

Studies show that increasing access to preventive medical care decreases health care costs and improves outcomes for patients.

"The challenges of paying for health care touch too many hard working Americans and their families," said Wolfson. "We created HealthTransaction Network to be the first of its kind -- a health network that makes health care more affordable and allows the consumer to pay for only those services they need, when they need them."

For more information visit http://www.healthtransactionnet.com.

CONTACT:

Betsy Murrett, 716-842-2222

HealthTransaction Network

Kendrick Bentham, 716-951-7041

TLC Health Network


'/>"/>
SOURCE HealthTransaction Network(R)
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. AmerisourceBergen Technology Group Opens New Facility in Buffalo Grove, Illinois
2. Bristol-Myers Squibb Company Reports Financial Results for the Fourth Quarter and Twelve Months of 2007
3. P&G Reports $0.98 EPS, Up 17%, on 9% Sales Growth; Announces Plan to Create Stand-Alone Coffee Company
4. First Pharmaceutical Company Comes to Hoboken, NJ: Swiss-Based Octapharma to Move U.S. Headquarters to SJP Properties Waterfront Corporate Center II
5. Maintenance Software Company Bucks Trend, Offers Unlimited No-Charge Product Tech Support
6. Gerresheimer Finalises Purchase of Spanish Company EDP
7. IPC The Hospitalist Company, Inc. Prices Initial Public Offering
8. The Advisory Board Company Schedules Third Quarter Investor Conference Call for February 5, 2008
9. From Research to Practice: Healthfitness, Eastman Chemical Company Case Study Demonstrates Real-World Health Gains and Productivity Savings
10. Companys Award-Winning Sound Enhancement Technology Proven to Provide Superior Performance Over Other Technologies; Patent Will Enhance Able Planet, LINX AUDIO Brands
11. KV Pharmaceutical Company Announces Acquisition of Rights to Gestiva(TM)
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2016)... ... May 26, 2016 , ... ... Blood Pressure products . , High blood pressure affects millions of people ... high blood pressure can lead to heart disease, stroke, kidney disease, and hardening ...
(Date:5/26/2016)... , ... May 26, 2016 , ... HealthPostures, ergonomics designer ... chair , furniture that may support women during pregnancy. Potential benefits of using the ... improved rest and comfort and healthier levels of sitting and standing. , Need for ...
(Date:5/26/2016)... ... May 26, 2016 , ... Bunion Bootie is a great option ... and save. For a limited time only (offer expires May 31, 2016) customers can ... one, by using the promo code "Memorial" at checkout. The more Bunion Booties purchased, ...
(Date:5/25/2016)... (PRWEB) , ... May 26, 2016 , ... The 12th ... 6pm to 7.30pm PST at HP in Palo Alto, CA. This Bay Area biotech ... be led by clinical trial experts from the pharmaceutical company Hallux, biopharma Apexigen, Contract ...
(Date:5/25/2016)... Chicago, IL (PRWEB) , ... May 25, 2016 ... ... HealthScape Advisors,” said Steven Young, a Managing Partner at HealthScape Advisors. “Brad brings ... value-based care within the healthcare delivery system accelerates with the implementation of MACRA, ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... Calif. , May 25, 2016  Zymo ... testing for their new reference materials that help ... from sample collection to analyses. The rapid growth ... demand for researchers to have standard methods to ... being generated. Biases inherently exist at every step ...
(Date:5/25/2016)... As illustrated by the Spring ... the numbers and momentum of cannabis in the US ... billions, more research and development push the sector forward. ... Legal Marijuana Markets Report  from from ArcView Market Research ... the increase in sector is attributed to adult use ...
(Date:5/25/2016)... -- MedDay, a biotechnology company focused on the ... entitled "High doses of biotin in progressive multiple sclerosis: extension ... Professor Ayman Tourbah , Principal Investigator of the Phase ... of Neurology (EAN) in Copenhagen, Denmark . ... place on Sunday, 29 May 2016 from 14:45 to 16:15 ...
Breaking Medicine Technology: