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Preferred Health Technology and Visa Inc. Team Up on Comprehensive Point-of-Service Medical Payments Solution
Date:3/5/2009

CARROLLTON, Texas and SAN FRANCISCO, March 5 /PRNewswire/ -- Preferred Health Technology Inc. (PHT), a provider of electronic payment and transaction-processing services for the health care industry, and Visa Inc. (NYSE: V), the world's largest retail payments network, today announced an alliance making Visa the preferred payment brand for PHT's A-Claim(TM) medical payment solution for physicians, hospitals and other health care providers.

PHT's proprietary and innovative A-Claim technology system (www.A-Claim.com) enables health care providers to simply and securely verify insurance eligibility, adjudicate claims, and accept credit, debit or prepaid cards for payment at the time of service, or at a later date once the amount of the patient's responsibility has been determined by his insurer.

By making a payment arrangement before the patient leaves the hospital or doctor's office, providers can increase the efficiency of their billing process and improve overall collections and cash flow. The system offers patients additional payment choices and allows them to authorize future payment of outstanding bills, reducing the need to write and mail checks, and helping them better manage medical expenses.

A key component of A-Claim's system is Visa's AuthorizeFirst payment process, which allows patients and providers to agree to pre-authorize a payment with a Visa card at the time of service, based on an estimated amount of the patient's responsibility. Once the claim has been processed and final patient responsibility determined, the patient's payment card is billed automatically through A-Claim for the amount the patient owes.

A-Claim also allows the provider and patient to set up a payment plan at the time of service, establishing an automated collec
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SOURCE Preferred Health Technology Inc.
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