BNY Mellon's electronic payment capabilities enhance the value of SSI's Real-Time Eligibility Services platform to health care providers
NEW YORK and MOBILE, Ala., Jan. 18, 2011 /PRNewswire/ -- BNY Mellon and The SSI Group, Inc. (SSI) today announced that as part of an expansion of the alliance between the two companies, SSI's health care provider clients will be able to use BNY Mellon's electronic bill payment capabilities.
Under this agreement, health care providers will be able to add a 'pay now' button to the screens they use in interacting with SSI's Real-Time Eligibility Services platform. Serving as a link between the SSI and BNY Mellon's ClearTran operation in Parsippany, N.J., the 'pay now' button will add an entirely new dimension of electronic bill presentment and payment processing to the services provided by SSI to health care providers.
"BNY Mellon provides an extensive array of electronic payment processing capabilities — mobile, pay-by-phone, automated voice system, or Web-based — and integrates electronic payment processing into billing and accounting systems in a comprehensive reporting- and audit control-friendly environment," said Bobby Zimmerman, Executive Director of Channel Sales for SSI. "Our Real-Time Eligibility Services platform is already highly regarded as a tool for organizing patient data at the front end of the care delivery process. Integrating the innovative payment solutions provided by BNY Mellon's ClearTran operation makes our platform even more responsive to the needs of health care providers."
"BNY Mellon originally teamed up with SSI so that health care providers using our lockbox services could take advantage of SSI's software to improve the processing of payment remittance data," said Kevin Fahey, head of BNY Mellon's ClearTran operation. "This expansion of the alliance brings our relationship full circle, with health care providers that use SSI's platform to improve the efficiency of care delivery now able to take full advantage of BNY Mellon's electronic bill presentment and payment processing capabilities."
Established in 1988, SSI helped pioneer the concept of healthcare EDI and today is an established leader in developing and providing revenue cycle management solutions to the U.S. healthcare market. SSI operates the nation's second largest institutional healthcare claims clearinghouse, which is certified by EHNAC. SSI's proprietary ClickON® Technology has more than 200,000 built-in edits; delivers HIPAA-certified transactions from Claredi and MHCC; has more than 800 direct payer connections for both hospitals and physicians; and 1,200-plus gateway payer connections for both hospitals and physicians. SSI technology processes in excess of 311 million transactions annually (including claims, eligibility, remittances and claim statuses) totaling approximately $588 billion in billed claims revenue for its providers. The company maintains corporate headquarters in Mobile, Ala., and field facilities in Clearwater, Fla.; Denver, Colo. and Chesapeake, Va. SSI has approximately 385 employees and 2,200-plus clients nationwide. More information is available at www.thessigroup.com.
With locations in 34 countries on six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies. Processing more than $1.6 trillion in payments transactions on a daily basis, the company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of white-label treasury services solutions for banks and other large institutional clients.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.
SOURCE BNY Mellon; The SSI Group, Inc.