Mobile Expedited Claim Payment Solution

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.

Overview

VPay’s mobile expedited claim payment solution is a web-based solution that enables policyholder and multiparty claim payments—from any device. Policyholders can quickly review their claim, approve service provider payments or select a preferred payment type for receiving their own claim payment—all through a convenient mobile solution.

Key Features

  • Single party payment to policyholders, single party payment to service providers and multiparty payment.
  • Fast electronic approval of claim payments. No more waiting on mailed checks that have to be endorsed and forwarded to service providers. No trips to banks. No holds on funds. Just a faster claim payment process that improves policyholder and service provider satisfaction.
  • Payment flexibility for policyholders. Policyholders are happiest when they get paid how they prefer to get paid—quickly and easily. Using the mobile expedited claim payment solution allows policyholders to choose check, ACH or even a push-to-debit method available in as few as 15 minutes as their preferred payment method. And the VPay total payment solution delivers every service provider payment with the appropriate remit advice so your payees can easily reconcile their claim payments.

Key Benefits

  • Eliminate costs and complexities. Eliminate check printing and postage costs while streamlining policyholder and multiparty payments, all via the convenience of computers and mobile devices.
  • Integration options. Seamlessly roll VPay’s expedited claim payment solution into your existing mobile app or brand it as a standalone application.
  • Simplified reconciliation and compliance. VPay360,® our online client portal, is a single. system of record where all financial, claim and delivery data is stored in one convenient location. The portal provides searchable real-time access to your data anytime. Plus, our daily reconciliation report is configurable to your claims and accounting systems.

Product/Service details

SOLUTION OR SERVICE TYPE