VPay is now part of Optum Financial
Our shared focus, to modernize payments in healthcare and insurance has brought us together to advance and transform the claim payment process and experience for Payers and Payees.
Creating better claim payment experiences
Together, we offer the most comprehensive payment solution tailored for insurance, empowering your business to realize immediate ROI while eliminating claim payment costs. This robust solution from Optum Financial and formerly VPay, two leading innovators in payments and healthcare, allows you to streamline the entire payment process and deliver payments faster while increasing efficiencies and satisfaction.
Unrivaled ePayment Network eliminates payment costs on day one
By moving your providers, vendors and other payees from paper checks to faster electronic payment options you can eliminate postage, printing and treasury costs. This includes leveraging our vast network of 2 million medical providers and vendors and their preferences to increase electronic payment adoption to 80% or more.
Streamline operations, increase efficiency
Our payment solution simplifies reconciliation giving both payers and providers in the payment cycle real-time visibility into all transactions. And the comprehensive dashboard and “always-on” portal provide a single, unified system of record across all payment types – allowing you track, manage and reconcile payments more efficiently.
Increased payee satisfaction and retention
Health Care providers, vendors, claimants and policyholders choose the payment option that works best for them – whether that is ACH, virtual cards, checks or push-to-debit. Plus, a simple, mobile expedited process facilitates faster payments and increases satisfaction.
Realize the advantages and savings of the combined payment solution
2 million medical providers and vendors in our network
Up to 90% electronic payment adoption for medical provider payments
40-60% electronic payment adoption for vendors
Electronic delivery of remittance advice with every payment
Processes claim payments for hundreds of insurers
VPay will begin to integrate into the Optum Financial brand
Our current customers can expect to receive the same great level of service and products, only now with more choice and technology under Optum Financial. Together – we are creating better claim payment experiences you can count on.