Asserta Health replaces claims with immediate “cash” payment solutions for self-funded employers and health plans.
Asserta Health has announced a partnership with Dwolla. Inc., a payments platform, to allow Asserta Health users to use ACH transactions to send and receive funds more efficiently. With Asserta Health’s medEcash℠ Payment Platform, consumers can pay the full transparent cash price for healthcare services at or before the time of service, even when all or a portion of the funds come directly from their employer or health plan. Employers, health plans and consumers benefit from simplified, transparent transactions that take providers out of the billing business and allow them to focus on improving the cost, quality and efficiency of the care itself.
Asserta Health was founded in 2014. Chief Medical Officer and Co-Founder Lisa Behnke says it needed a partner that was up to the challenge of disrupting more than 50 years of third-party claims and billing processes in the healthcare industry.
“We love working with Dwolla because they can work at our speed,” Behnke says. “They give us fast, reliable, low cost ACH transactions that shorten the time it takes our clients to make funds available for immediate cash payment. Our clients can take advantage of cash prices to lower healthcare costs and give their employees and plan members a dramatically better consumer experience. Our partnership with Dwolla makes it possible for us to significantly lower processing costs and improve the healthcare payment experience.”
Dwolla is a financial technology company offering businesses an onramp to the Automated Clearing House (ACH) Network, the electronic network of financial institutions that moves more than 43 trillion dollars annually.
By integrating Dwolla’s API, Asserta Health will be connected to the ACH Network—via Dwolla—making it possible for both Asserta and its users to send and receive funds through its payments platform.
#DWOLLApowers Asserta Health
About Asserta Health
Asserta Health is a different kind of intermediary with a payment platform that streamlines the value chain by replacing claims and billing with low cost, cash transactions for any kind of healthcare service. Asserta Health is a whole new option for employers and health plans who want to lower healthcare costs and improve the consumer experience, and for providers who want a direct relationship with employers.
The medEcash℠ payment platform stages funds that come directly from the employer or health plan and the consumer in advance, then pays 100% of transparent cash prices to each provider in real time on the day of service while capturing all essential claims data for reporting and analytics. Providers are paid immediately without claims, billing, bad debt or collections cost, and medEcash℠ seamlessly distributes even complex bundled payments to any number of individual providers. It’s a dramatically better healthcare payment experience for everyone involved.
For more information, visit https://assertahealth.com/
Dwolla, Inc. is a financial technology company that is changing the way businesses send and receive funds. The company offers a seamless, white label API platform to connect to the ACH Network to initiate payments.
Since 2010, when Dwolla began creating the ideal platform to move money, the company has helped move billions of dollars, integrated with hundreds of customers and has been mentioned in Inc., Forbes and the Wall Street Journal. Businesses that need to efficiently send or receive money and are ready for the future either use Dwolla—or they should.