CARROLLTON, Texas, June 24 /PRNewswire-USNewswire/ -- Sean Riley, a 33-year veteran of the electronic payments processing industry, has joined Preferred Health Technology Inc. (PHT) as vice president of sales, the company announced today.
Riley will be responsible for nationwide sales of PHT's innovative payment solution for the medical industry known as A-Claim(TM) (www.A-Claim.com). The system allows health care providers to dramatically increase collections and reduce costs by simply and securely verifying insurance eligibility, adjudicating claims, and processing credit, debit or prepaid cards and checks for payment at the time of service, before a patient leaves the hospital or office.
Riley has worked with a range of companies involved in electronic payments processing, including financial institutions, software suppliers, payment processors and independent sales organizations (ISOs). Most recently, he was executive vice president at Sterling Payment Technologies in Tampa, Fla., and a member of Sterling's board of directors. At Sterling, Riley instituted an in-house merchant settlement processing system for Visa and MasterCard, as well as a direct processing relationship for Discover cards.
Prior to joining Sterling, Riley spent seven years at Chase Paymentech, the largest payment processor in the industry. As group manager of third-party sales and support, he directed development of new third-party sales channels for the organization, including ISOs and agent banks, and managed existing third-party relationships.
"We are excited to have someone with Sean's background and experience head up the business development efforts for PHT," said Mary Dees Griffith, PHT's president and COO. "His expertise will be instrumental in furthering our goal to solve the patient payment problems for health care providers nationwide."
PHT's proprietary A-Claim technology system has revolutionized billing and collection of patient payments for many physicians and hospitals across the country. A-Claim, which is available for a low monthly subscription fee and minimal transaction charges, processes information from patient insurance cards, as well as from debit and credit cards, so that health care providers can secure accurate payments from patients at the point of service, instead of mailing bills to patients weeks after rendering a service.
A-Claim works with all major insurance plans. Real-time claims adjudication is available with some plans.
Preferred Health Technology Inc., headquartered in Carrollton, Texas, provides electronic payment and transaction-processing services for the health care industry. Its parent company operates one of the largest health care insurance data center sites in the world in support of Medicare, Medicaid, TRICARE, the Federal Employee Program and Medicare Advantage health plans, as well as other private health plans.
|SOURCE Preferred Health Technology Inc.|
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