Visa and Cambia Health Solutions Collaborate to Accelerate Patient Health Care Payments with Visa Direct
May 10 2017 - 3:00PM
Business Wire
Cambia Health Solutions is the first health
care company to select Visa Direct technology to transform the
reimbursement experience for consumers
Today Visa (NYSE:V) announced it will help health care consumers
get reimbursed easily and securely through a new collaboration with
Cambia Health Solutions, a total health solutions company based in
the Pacific Northwest. With the integration of Visa Direct
technology into its payment platform, customers of Cambia’s family
of companies will be able to receive health care reimbursements
directly to their eligible debit cards, speeding up the payment
process. This effort emerged from ongoing co-innovation efforts
between Cambia and Visa to explore opportunities to modernize
payment in health care.
Visa Direct is a card-based platform that can deliver funds in
near real-time1 to more than 1 billion eligible Visa card accounts,
as well as non-Visa branded debit cards. Using VisaNet, the world’s
largest payment network, it can reach nearly every consumer or
small business with a debit card2. Funds are disbursed to eligible
Visa card accounts using Visa’s secure network, without the need
for providing complicated checking account and routing numbers or
completing additional steps like trial deposits.
“Checks are still very prevalent in health care, for both large
dollar and small dollar payments,” said Cecilia Frew, Head of U.S.
Push Payments for Visa Inc. “According to a Visa-conducted survey,
89% of U.S. debit cardholders with health insurance say they would
likely use a debit card for direct payouts, such as health care
reimbursements.2 Through this partnership with Cambia Health
Solutions we will be able to highlight how Visa Direct can help
transform health care funds disbursements.”
A first step to moving health care consumers to digital payment
is member reimbursement by health plans. By merging Visa Direct
with new technology developed by Cambia to capture and process
claims, consumers can securely submit a claim and request
reimbursement to their eligible debit card from their mobile
device.
“Cambia Health Solutions’ family of companies are working to
make health care more efficient for health care consumers,” said
Scott Powers, President of Health Plan Operations. “We are thrilled
to work with Visa to make health care reimbursement a more
efficient experience for the customers our family of companies
serves.”
About Visa Direct
The Visa Direct platform is available in more than 200 markets
around the world and can be used to reach more than three billion
eligible consumer card accounts. Available through a comprehensive
Visa Direct API library, financial institutions and technology
partners can quickly build real-time3 payment solutions through a
feature-rich suite of web services on the Visa Developer
Platform.
More information about the Visa Developer Platform can be found
at https://developer.visa.com/. More information about Visa Direct
can be found at www.visa.com/visadirect.
About Visa
Visa Inc. (NYSE:V) is a global payments technology company that
connects consumers, businesses, financial institutions, and
governments in more than 200 countries and territories to fast,
secure and reliable electronic payments. We operate one of the
world’s most advanced processing networks — VisaNet — that is
capable of handling more than 65,000 transaction messages a second,
with fraud protection for consumers and assured payment for
merchants. Visa is not a bank and does not issue cards, extend
credit or set rates and fees for consumers. Visa’s innovations,
however, enable its financial institution customers to offer
consumers more choices: pay now with debit, pay ahead with prepaid
or pay later with credit products. For more information, visit
https://usa.visa.com/ and @VisaNews.
About Cambia Health Solutions, Inc.
Cambia Health Solutions, headquartered in Portland, Oregon, is
dedicated to transforming health care. We put people at the heart
of everything we do as we work to make the health care system more
economically-sustainable and efficient for people and their
families. Our company reaches more than 70 million Americans
nationwide, including more than two million people in the Pacific
Northwest who are enrolled in our regional health plans. To learn
more about us, visit CambiaHealth.com or Twitter.com/cambia.
1 Actual fund availability varies by financial institution. Visa
requires U.S. issuers to make funds available to its cardholders
within a maximum of 30 minutes of approving the transaction.
2 Using the Visa Push Payment Gateway Service.
3 Actual fund availability varies by financial institution. Visa
requires U.S. issuers to make funds available to its cardholders
within a maximum of 30 minutes of approving the transaction.
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version on businesswire.com: http://www.businesswire.com/news/home/20170510006304/en/
Visa Inc.Sarah Hamblenshamblen@visa.comorCambia Health
SolutionsChristine LynchChristine.Lynch@CambiaHealth.com
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