HealthcarePays Expands Network with Newest Associate Member Allied Risk Group
National benefits and risk management firm to use HealthcarePays network for electronic healthcare payment processing for mid-size employers’ self-funded health plans
RICHMOND, Va.--(BUSINESS WIRE)--HealthcarePays (HCP) (@HealthcarePays), an industry-owned “payment network” designed to cut healthcare costs, welcomes its newest network Associate Member, Allied Risk Group, Inc. (A.R.G.). HCP will standardize all electronic remittance formats, provide remittance advice, and manage remittance and payment re-association for A.R.G.’s small- to mid-size employers with self-funded health plans.
“A.R.G. has been a strong advocate of intelligent healthcare solutions”
A.R.G. is a national benefits and risk management firm delivering self-funded health plans to small- and mid-size employers. A.R.G.’s custom tools and multidisciplinary professionals reduce healthcare costs for employees and employers alike.
HCP employs an industry-owned network for healthcare payment authorization and processing that is proprietary, standardized and compliant with the Affordable Care Act (ACA) and all state and federal laws. Employers, health plans, healthcare providers, and insurance companies are joining HCP to create efficiencies, combat waste and fraud, and access industry-wide data cube analytics to make better care and business decisions.
“HCP is the modern answer to today’s critical healthcare issues,” said Paul Doucette, president of Allied Risk Group, Inc. “They provide the much-needed industry-wide intelligence and electronic systems that reduce healthcare costs. We know our clients will embrace the efficiencies and cost savings HCP delivers.”
HCP interacts with all existing healthcare industry organizations including employers, hospital systems, physician groups, healthcare providers, health plans, and government payers such as Medicaid and Medicare, intermediaries, clearinghouses and banks.
“A.R.G. has been a strong advocate of intelligent healthcare solutions,” said Dave Adams, HealthcarePays chief executive officer. “We appreciate their dedication to help employers stay benefit competitive, and look forward to helping them continue to accomplish their goals.”
HealthcarePays (HCP) is an industry-owned “payment network” designed to cut healthcare costs. HCP, headquartered in Richmond, Virginia, with its technology group based in Carlsbad, California, provides a fast, secure, electronic network that simplifies and improves the healthcare payment system. HCP streamlines the movement of healthcare payments and filters such payments among providers, health plans, self-insured employers, government payers, intermediaries, clearinghouses and banks in the U.S. The secure network is highly efficient, cost effective and fully compliant with the Affordable Care Act and other state and federal laws. www.healthcarepays.com. https://twitter.com/healthcarepays; https://www.linkedin.com/company/healthcarepays.
About Allied Risk Group, Inc.
Allied Risk Group, Inc. (A.R.G.) is a national employee benefits and risk management firm with one objective in mind – delivering solutions for clients. Results are achieved through the use of a multi-disciplinary team of attorneys, actuaries, benefits and financial professions working cooperatively to develop custom solutions for unique situations. A.R.G. is the developer and exclusive distribution channel for the Health Options PlusTM Health Assurance Plan. Health Options PlusTM is a proprietary turn-key self-funded group health plan developed specifically for small to mid-market employers and is supported by a professional team of over 200 healthcare, benefits, risk management and cost containment specialists.