Navigation Links
Payformance Completes Sale of Corporate Payments Division
Date:3/13/2008

Company is Now Dedicated Solely to Healthcare

JACKSONVILLE, Fla., March 13 /PRNewswire/ -- Payformance(R) Corporation has completed the sale of its corporate division to SunGard. Headquartered in Wayne, PA, SunGard provides software and processing solutions for financial services, higher education and the public sector. The sale completes Payformance's transition to a healthcare only services company.

Recognized as one of the nation's leading providers of Electronic Funds Transfer (EFT) and Electronic Remittance Advice (ERA) solutions, Payformance will continue to provide EFT and ERA services, as well as related healthcare solutions.

"This is a great day for Payformance because we're now fully focused on the healthcare industry," said Dwayne L. McAfee, President and CEO of Payformance Corporation. "We believe this transaction is a sound business decision. We are excited to continue efforts to bring optimal claim settlement solutions to payers and providers, reducing costs significantly for both parties."

Payformance's vision is to improve all aspects of payer and provider communications within the claim settlement process. In line with this vision, Payformance is prepared to support the settlement requirements of Real Time Adjudication (RTA), helping the industry realize the benefits sought from RTA.

"Payformance is positioned to tackle the most complex settlement challenges facing the healthcare industry, including those surrounding RTA," said Lynn Carroll, Chief Operating Officer of Payformance Corporation. "The PaySpan Health solution provides the capabilities required to settle RTA claims between payers and providers."

Key Statistics

-- Payformance provides settlement services to 11 healthcare payers

-- Over 24,000 providers have accepted invitations from payers and utilize

PaySpan Health

-- Over 175 million claims will be settled through the PaySpan Health

service in 2008

-- Nearly $30 billion of claims will be settled through PaySpan Health

About Payformance Health

Payformance is the industry's most innovative provider of Electronic Funds Transfer and Electronic Remittance Advice solutions. Its flagship product, PaySpan Health, builds on the company's more than 23 years of experience in developing payment solutions. By automating the last phase of the healthcare claims process -- payment and remittance -- PaySpan Health optimizes funds transfer and remittance delivery and brings the promise of HIPAA administrative simplification to reality. Learn more at http://www.payformancehealth.com.


'/>"/>
SOURCE Payformance Corporation
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Health Care Solutions Provider Payformance Health Standardizes on PGP Encryption for Data Security
2. Eligard(R) six-month formulation successfully completes European approval procedure
3. The ScottCare Corporation Completes Acquisition of Rozinn Electronics, a Leading Manufacturer of Cardiac Diagnostic Products
4. EaglePicher Corporation Completes Transaction to Sell EaglePicher Boron, LLC to Ceradyne, Inc. for $69 Million
5. Symmetry Medical Completes Acquisition Of Specialty Surgical Instruments
6. GSI Securitization Completes Merger and Domicile Transfer
7. Medical Services International Inc. Completes Testing for European Union (EU) Application
8. Inverness Completes Acquisition of Cholestech
9. Billians HealthDATA Completes Comprehensive Long Term Care Database Update
10. Synova Completes Sale of $3.3 Million in Senior Convertible Notes and Warrants
11. Explorer completes the map ... for the bodys blueprint
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... ... February 23, 2017 , ... Thinksport, the most ... Jensie Gran Fondo of Marin. For the second year in a row, cyclists ... sunscreen. , “We are thrilled to provide our safe, non-toxic sunscreen to over ...
(Date:2/23/2017)... CO (PRWEB) , ... February 23, 2017 , ... The ... announce the winner of the 2016 National Education Policy Center Bunkum Award. We invite ... reviewed in 2016. , This year’s Bunkum winner is the Center for American Progress ...
(Date:2/23/2017)... ... 23, 2017 , ... Rare Disease Report®, which is the ... Rare Disease Day events, hosted by the Rare Disease Legislative Advocates (RDLA) on ... weekly e-newsletter and quarterly publication, will be conducting interviews with patients and advocates ...
(Date:2/23/2017)... ... ... Los Angeles-based weight loss surgeon Michael Feiz, M.D., F.AC.S. will be appearing ... which will begin airing on February 24, 2017. The show chronicles the weight loss ... television series, “Here Comes Honey Boo Boo.” The earlier series from TLC lasted for ...
(Date:2/23/2017)... ... February 23, 2017 , ... Rosica Communications, a ... content marketing, social media management, corporate communications, SEO and cause marketing, is opening ... in nearby New Hampshire, Massachusetts and Canada, Rosica will focus on expanding its ...
Breaking Medicine News(10 mins):
(Date:2/23/2017)... ALBANY, New York , February 23, 2017 /PRNewswire/ ... Global Cardiac Holter Monitor Market are GE Healthcare, Koninklijke ... share of about 48% in the global market in ... are the two key factors assessed to be aiding ... Transparency Market Research states that the players in the ...
(Date:2/23/2017)... On Wednesday, February 22, 2017, US ... of nine sectors finished the trading sessions in green, four ... Major US indices were also mixed at the close of ... slightly down by 0.09%; the Dow Jones Industrial Average edged ... closed at 2,362.82, down 0.11%. This Thursday morning, Stock-Callers.com looks ...
(Date:2/23/2017)... 2017   SeraCare Life Sciences , a ... diagnostics manufacturers and clinical laboratories, is announcing an ... NGS-Based Tests" to be hosted by GenomeWeb ... Eastern Standard Time (US). The goal ... for improved performance and global standardization in the ...
Breaking Medicine Technology: