Welcome!

Microsoft Cloud Authors: Andreas Grabner, Nick Basinger, Kevin Benedict, Pat Romanski, Liz McMillan

News Feed Item

Ohio State University Medical Center and HERAE Present Case Study at TAWPI Healthcare Payments Automation Summit in September

HERAE (www.herae.com), one of the nation’s largest healthcare payment services providers, and Ohio State University Medical Center (OSU) have been invited to present a case study on how OSU successfully migrated to electronic payments at The Association for Work Progress Improvement (TAWPI) Healthcare Payments Automation Summit in Chicago on September 15.

The panel discussion entitled “The new electronic healthcare payment processing ecosystem – A case study featuring OSU and HERAE” will detail challenges paper-based payments processing presented for OSU and how it selected a solution, developed a business case, and realized benefits by moving to electronic payments and funds transfers.

Recent government healthcare reform policies and current economic conditions have created a sense of urgency for the healthcare industry to “go electronic” to improve the U.S. healthcare payments delivery system and establish standards for fraud and waste detection. HIPAA is also forcing banks and the healthcare industry to intersect like never before to move from paper to electronic remittance of payments. According to HERAE (pronounced “hurray”) healthcare payments represent the newest frontier in electronic payments.

“With more than $200 billion dollars in medical payments being paid by consumers every year and billions per day in electronic payments to healthcare providers by insurance companies there are real improvement opportunities for the entire healthcare payment ecosystem,” said HERAE CEO Jim Ribelin. “Healthcare providers can create significant savings, and banks and billing services can develop new revenue streams while saving the entire healthcare system billions. Recent events like the Minnesota E3 Initiative around healthcare remittance and payments are signs indicating the movement from paper to fully electronic solutions.”

OSU saw paper healthcare payments as a significant cost that had to be reduced in order to reach financial goals without impacting the high quality care OSU is known for.

Richard Sobieray, CFO of OSU Physicians, said, "For OSU, the ability to retain our existing bank relationships with Fifth Third and Chase, while having both banks establish connectivity to the HERAE solution, has been ideal for our organization in terms of migrating from paper claim payments to an electronic solution."

About OSU Physicians, Inc.

The Ohio State University Physicians, Inc. (OSUP) is the clinical service arm of The Ohio State University Medical Center (OSUMC), and is designated by the University Board of Trustees as the unified physician practice plan for The Ohio State University College of Medicine. As the parent company representing the unified physician practice plans, our goal is to improve access to high quality patient-focused care through the alignment of individual institutional and departmental missions and resource allocation. We provide leadership for the practice plans in the areas of finance, information systems, billing and collections, payer contract negotiations, staffing and employee relations, and compliance.

About HERAE, LLC

A privately owned limited liability company based in San Diego, California, HERAE is one of the nation’s largest healthcare payment services providers and offers Direct Deposit for Healthcare. HERAE’s paperless process has been implemented by healthcare providers of all sizes, including university medical institutions, hospitals, labs and physician groups since 2005 HERAE also distributes its private label or co-brand solution through financial institutions and value added resellers (VARs) throughout the United States. Through its unique focus on healthcare billing challenges, electronic remittance advice and solutions for the financial industry, HERAE has developed a paperless process that provides the payment network between healthcare providers, payers and banks. On the Net: www.herae.com or call 888-41-HERAE (888-414-3723).

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
Tapping into blockchain revolution early enough translates into a substantial business competitiveness advantage. Codete comprehensively develops custom, blockchain-based business solutions, founded on the most advanced cryptographic innovations, and striking a balance point between complexity of the technologies used in quickly-changing stack building, business impact, and cost-effectiveness. Codete researches and provides business consultancy in the field of single most thrilling innovative te...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City.
OpsRamp is an enterprise IT operation platform provided by US-based OpsRamp, Inc. It provides SaaS services through support for increasingly complex cloud and hybrid computing environments from system operation to service management. The OpsRamp platform is a SaaS-based, multi-tenant solution that enables enterprise IT organizations and cloud service providers like JBS the flexibility and control they need to manage and monitor today's hybrid, multi-cloud infrastructure, applications, and wor...
The Master of Science in Artificial Intelligence (MSAI) provides a comprehensive framework of theory and practice in the emerging field of AI. The program delivers the foundational knowledge needed to explore both key contextual areas and complex technical applications of AI systems. Curriculum incorporates elements of data science, robotics, and machine learning-enabling you to pursue a holistic and interdisciplinary course of study while preparing for a position in AI research, operations, ...
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...