Guide to Selecting an Electronic Payments Vendor
On average, processing a paper provider check can cost claims organizations $8 per check.
Selecting an electronic payment vendor takes time and energy — resources your team might not have. That’s why Enlyte evaluated the electronic payment vendors for you. We’ve compiled a practical guide to help you select the right vendor, without the hassle.
Here’s something else you know: selecting a vendor to handle electronic payments can be challenging. You’ve likely considered factors like:
- Security: You need secure payment platforms compliant with industry regulations.
- Integration: The solution must integrate with existing claims systems and software.
- Flexibility: Accommodating evolving business needs through variable payment options is critical.
- Scalability: Capacity to scale operations with claims volume is a must.
Our guide provides all the information you need to evaluate electronic payment solutions. We’ve included everything from payment compliance to bill review integration and provider engagement — all the factors between you and an electronic payment vendor that can help you save up to 90% on provider payment costs.