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Payment Hierarchy
Created by ElishaElaine
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Words
- Payment method that allows providers to receive instant access to their payments through their credit card merchant account.
- Payment method that gives providers capability to receive payments via an online lockbox where they can download/print checks, convert checks to a virtual card, or sign up for ACH payment delivery.
- Slowest payment method and highest cost to ECHO.
- An electronic fund transfer moves money from one account to another.
- Fastest form of payment issued by ECHO.
- An Explanation of Provider Payment (EPP) is a statement sent to a provider explaining what medical treatments and/or services were paid for by the TPA or insurance carrier.
- A statement from a health insurance company providing details on payment for a medical service the member received. It explains what portion of services were paid for by the insurance plan and what part is the responsibility of the member.
- This is our branded card offering.
- Maintains fax numbers for providers.
- Maintains addresses
- Has a 1.99 percent fee associated with this service.
- This card offering defaults to mail.
