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Company History |
August 27th, 2007 Allison Payment Systems, partners with ECHO Health to provide enhanced payments. This strategic partnership has allowed Allison Payment Systems (APS) and ECHO Health (ECHO) to develop an exciting new offering for delivering provider checks called, Consolidated Payment & Reconciliation or CPR. ECHO with its extensive experience in the electronic banking industry has engineered a process where multiple checks, going to a single provider, are consolidated into a single payment. However, the detail sent with the check, lists each of the claim payments independently, to ease reconciliation. APS is a 119 year old, ISO Certified, SAS 70 II approved and HIPAA compliant data processing company. They will serve as the distribution arm, actually printing and mailing the consolidations. The uniqueness of this program, combined with the experience the individual companies have in their respective fields, not only offers the Benefits market place a safe way to distribute provider payments, but it also saves at least 30% of their typical distribution costs. A TPA covering 25,000 lives can save close to $50,000 a year, as well as saving the providers time, effort and money. To learn more about CPR, or other cost saving programs like Family EOB’s; please contact APS at sales@apsllc.com or ECHO at rmordhorst@echojhealthinc.com. Allison Payment Systems, LLC (www.apsllc.com) is an Indiana based company, servicing multiple vertical markets, of which Healthcare is a major focus. APS operates on the basis of its company motto…Timely Products, Timeless Quality, by offering proprietary services and payment products intended to automate the servicing of diversified printing and mailing portfolios and thereby accelerating the velocity of money.
ECHO Health Inc, an Ohio Corporation, (www.echohealthinc.com)provides financial services to insurance and third party administrators to dramatically reduce their fulfillment and customer services costs through electronic settlement and consolidation of provider payments and employee communications. ECHO has consolidated and electronically settled over $3 billion dollars for administrators of health plan throughout the United States since 1997.
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