Health Payment Systems, Inc. (HPS)/PayMedix announced today that it has joined the Health Rosetta ecosystem as part of the expansion of its HPS provider network in Wisconsin and the national expansion of its novel PayMedix financing solution. Health Rosetta is an organization designed to help employers, employees, and other purchasers of healthcare services navigate the complexity of healthcare financing and benefits, bringing solutions that already work to a wider range of businesses and patients.
HPS/PayMedix can now increase its ability to offer a benefit that promotes better health for all employees and decreases costs for all participating employers within the Health Rosetta network. HPS/PayMedix gives self-funded employers across Wisconsin access to an effective independent provider network that provides a range of care choices among 96hospitals and 27,000 physicians, a uniquely simplified billing experience through its SuperEOB, and a payment system that saves valuable time and cost through its PayMedix financing solution.
Joining the Health Rosetta ecosystem supports our goals to improve health equity for all of a companys employees by providing them with access to affordable payment options through PayMedix as well as competitive discounts through our HPS provider network, said Tom Policelli, CEO of HPS/PayMedix. Our research shows that employees are more likely to take from their savings or skip paying for essentials, like food and utilities, when they are hit with an unexpected medical bill. Worse, they are avoiding care because they are concerned about cost. By establishing a payment plan directly with the patient, we not only give them peace of mind that their bills are covered, but we reopen access to the care they need.
Health Rosetta began with the goal of improving transparency and accountability among insurance brokers, helping employers keep healthcare costs in check, and encouraging the adoption of evidence-based practices in healthcare delivery to help individuals be more informed consumers of their healthcare services. Health Rosetta helps benefit brokers partner with employers to find healthcare cost savings of 20 to 50% while improving the quality of healthcare for all Americans. A big part of these savings come from carving out unnecessary fees and conflicts of interest and improving primary care benefits. Goals that HPS/PayMedix have been implementing for over a decade in the state of Wisconsin.
We are excited to welcome HPS/PayMedix to the Health Rosetta ecosystem given the strength of the HPS provider network and the PayMedix patient financing benefit, said Drew Leatherberry, Health Rosetta Associate Benefit Advisor and President of Avergent. Our collaboration can help promote a more equitable healthcare system on all fronts.
PayMedix, which began as the financing arm of Wisconsin-based HPS over a decade ago, is the only company solving the problem of high out-of-pocket costs for everyone: providers, patients, employers and TPAs. By guaranteeing payments to providers and credit for all patients, PayMedix is changing the way people access, use, and pay for healthcare. PayMedix has processed more than $5 billion in medical payments for hospital systems and physician practices and can be implemented in conjunction with any PPO or HMO network.
Health Payment Systems (HPS) is a privately held healthcare technology and services organization with solutions that reduce the cost and complexity of the healthcare payments process to benefit providers, employers, patients and TPAs. Headquartered in Milwaukee, Wisconsin, HPS has an independent network of 96 hospital facilities and 27,000 individual providers.
About Health Rosetta
Health Rosetta is an ecosystem for replicating adoption of practical non-partisan fixes to our health care system. Health Rosetta enables public and private employers and unions to reduce their health benefits spending by 20% or more while improving the quality of care for plan members. We're building the LEED ecosystem for purchasing and delivering high performance health care benefits and services.
View source version on newsdirect.com: https://newsdirect.com/news/hps-paymedix-joins-the-health-rosetta-ecosystem-to-further-expand-access-to-affordable-healthcare-payments-645808209