For Superior Vision’s network of eye care providers, receiving their remittances and payments has never been easier
RANCHO CORDOVA, CA and PHILADELPHIA, PA (June 14, 2011) − Superior Vision, a leader in managed vision care benefits, has partnered with InstaMed, the leading Healthcare Payments Network, to offer Electronic Funds Transfer (EFT) and Electronic Remittance Advice (ERA) to its eye care providers through InstaMed’s Claims Settlement solution with Integrated ERA/EFT® transactions. This fully electronic healthcare payments solution allows Superior Vision’s eye care providers to reduce the time to reconcile and receive timely healthcare payments.
“We are always looking to give our eye care providers an edge and are thrilled we can offer this exceptional program to our providers at no cost,” said Rick Corbett, President and CEO, Superior Vision. “This secure program simplifies the adoption of electronic payments, and we have had a high percentage of providers sign up in the first six months alone.”
Vanessa Jackson, Insurance Specialist with Eye Care Associates, a Superior Vision provider, states, “Superior Vision utilizes InstaMed’s solution to send payments directly to our bank account through its electronic funds transfer capabilities. This is a much quicker and efficient process than the ‘old’ process of waiting for paper checks to arrive through the mail and depositing them. InstaMed’s web-based solution is easy and convenient to use. It allows us to see what payments have been processed and when they will post to our bank account, helping us manage our corporate cash flow.”
“The medical loss ratio (MLR) requirement in the Affordable Care Act is accelerating the push to lower administrative costs for healthcare payers. Increasing provider adoption of electronic payments has immediate benefits and can be realized quickly through InstaMed with minimal payer resource involvement,” said Bill Marvin, President and CEO of InstaMed. “Our mission is to simplify the healthcare payment process across the industry, and we are excited to deliver cost savings to Superior Vision and its provider network.”
Eye care providers who work with Superior Vision may sign up, at no charge, for Integrated ERA/EFT by logging in to Superior Vision’s secure Provider Portal at www.superiorvision.com/provider or by calling Superior Vision’s Provider Relations team at 800-507-3800, option 7.
If eye care providers have questions or need assistance filling out the enrollment form, they may contact the InstaMed Sales Operations team at 215-789-3682 or via email at [email protected].
About Superior Vision
Superior Vision, headquartered in Rancho Cordova, California, has been a leader in the managed vision care market since 1993. Superior Vision provides vision plans in a variety of sectors – including public, private, education, and associations – across a variety of industries. With an unrivaled provider network of ophthalmologists, optometrists, opticians, and optical retail chain locations, and award-winning customer service, our members are our mission and highest priority. For more information, visit Superior Vision online at www.superiorvision.com.
InstaMed is the leading Healthcare Payments Network connecting providers, payers and patients with healthcare clearinghouse, eligibility, estimation and payment transactions on one integrated platform. InstaMed enables providers to get paid more efficiently, payers to disburse payments at a lower cost with fewer incidents of fraud, and patients to experience a simple, convenient and secure way to pay. The InstaMed Network powers healthcare payments for over 100,000 users nationally with tens of billions of dollars in healthcare payments processed. Visit InstaMed on the web at www.instamed.com.
Superior Vision Contact:
Director of Marketing
InstaMed Public Relations