WorkCompPay

Electronic Payments Fulfillment Services

WorkCompPay® is an integrated one-stop-shop solution in the payment marketplace, providing multiple delivery (virtual cards, ACH/EFT, eCheck and physical delivery & printing) and value added services.

WorkCompPay® Provides Value for the Payer and Provider

A focus on both the Payer and the Provider experiences improves Virtual Card adoption

Payer

  • Streamlined enrollment process
  • Complete Provider enablement program
  • Minimal integration requirements
  • Improved controls and reconciliation data

Provider

  • Eliminates Payer enrollment process
  • Reduced redemption effort
  • Lower redemption costs
  • Improved settlement times
  • Improved security
  • Data-enhanced transactions
  • Access to electronic remittance detail
These states already require e-billing for providers and payers:
Starting July 2018

TN

IL

OR

LA

NC

CA

Payment methods supported through WorkCompPay

Virtual Cards 2.0
Straight Through Processing

MCC code restricted, delivered securely through PCI-DSS / HIPAA certified compliant fax, mail or real-time directly to the merchant account.

Virtual Cards 1.0
Manual Processing

MCC code restricted, delivered securely through PCI-DSS / HIPAA certified compliant fax, mail or real-time directly to the merchant account.

Paper Checks – Print & Mail

Flexible printing process integrated with clearinghouse services to reduce costs and pivot providers to electronic payment services.

eChecks – Digital

Cutting edge eCheck delivery and acceptance process ensures 100% guaranteed delivery of payments and acceptance by banking institutions. Provider Relations manage Level 1 support and Opt Out process for our clients.

ACH Payments

For providers who elect to receive ACH Payments, WorkCompPay™ provides you with significant savings through our partnership with the nation’s largest ACH network. We provide access to more than 75% of the healthcare provider population, representing over $400B in delivered Health Benefit and Workers’ Compensation payments

How It Works

Approach to Solving Industry Pain Points

Intelligent Routing

  • WorkCompPay always “knows” where to route the payment
  • Least cost routing increases provider adoption and reduces time-to-settle
  • WorkCompPay is a better “on ramp” that enables net new transactions on existing credit and debit card rails

Improved Provider Experience

  • Straight-Through-Processing eliminates Provider effort to redeem payments
  • Transaction prices can be further tuned to meet the needs of varying Provider segments
  • Eliminates processing fees from manually keyed transactions

Superior Payer Economics

  • Greater Provider utility results in increased adoption and higher payment volumes for our customers
  • WorkCompPay process enables Payers to negotiate with Providers to increase acceptance
  • Offers alternative transaction methods as complement to maximize revenue

Connectivity Simplified™