Wright Express executive vice president David Maxsimic said this agreement expands their highly successful single-use virtual payments offering for online travel and claims companies into a new vertical to help client companies find ways to save money and time, increase control and security, and manage scale.
"Pairing PaySpan’s deep payer and provider knowledge base in the healthcare payments space with the Wright Express technology platform will enable PaySpan and Wright Express to bring greater productivity and efficiencies to the rapidly growing healthcare industry," Maxsimic added.
PaySpan CEO Kevin Arner said bringing these innovative and advanced virtual card solutions to healthcare enables the payers and providers the company serves to better manage the flow of reimbursement, improving value and curtailing potential fraud.
"This truly is a new generation of reimbursement technology to empower the financial services needed for high quality care, manageable risks and profitable benefits," Arner said.
PaySpan offers financial networking and reimbursement solutions for over 100 healthcare payers, 335,000 providers and 4,000 financial institutions.
