BNY Mellon has launched an automated medical claims payment platform for its property and casualty insurance clients.
The new system, using technology from Jopari Solutions, has been integrated into BNY Mellon’s Treasury Services payment platform and is compatible with medical claim processing systems used in the healthcare industry.
Anthony Brady, head of global product management for BNY Mellon's Treasury Services business, said: "Health care providers are driving the growth for modern payments systems. They are looking for efficient systems that reduce costs and payment times and are compatible with regulations governing property and casualty and worker's compensation businesses and medical claim payments.”
“This fully automated system is now integrated with our global payments platform to deliver standardised property, casualty and workers' compensation payments."
