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Your healthcare business faces pressures far beyond escalating costs and competition. Complex regulations now require that you search for efficiencies, seek new ways to offer your services and migrate from paper to electronic data processing. J.P. Morgan can help you meet those goals. For more than 30 years, we have worked with hospitals and health systems, insurers, private practices and nursing homes. Today, we serve:
Our treasury products and services can help you accelerate cash flow and optimize your organization’s working capital. In addition, by using products we have specifically designed for the healthcare industry, you can improve the accuracy of the information you need for efficient payment and remittance processing. To learn more about these products, including Healthcare Link for Payers, Healthcare Link for Providers and Health Savings Accounts, see below.
Whether you are coping with the impact of healthcare reform, trying to reduce costs, seeking to improve margins or trying to increase your working capital, put the experience and knowledge of J.P. Morgan Treasury Services to work for your organization.
Facilitate the movement from paper to electronic claim remittance processing. Our solution automates the capture and passage of electronic files of explanations of benefits (EOBs) for faster, more accurate posting into your patient accounting or practice management system while still supporting legacy paper processes. See how it can help you.
| Healthcare Link for Providers | Healthcare Link for Payers |
As healthcare costs continue to rise, savvy employers are seeking an alternative to traditional health plans and know that HSAs are an attractive option for tax free benefits that roll over from year to year.
For clients with deposit, custody and investment accounts, J.P. Morgan provides a variety of time - and resource-saving account services. These services include Internet Demand Deposit Account (DDA) statements, account reconciliation, paper and electronic information reporting, and account- or transaction-based alerts and notifications.
When your customers pay by check, Accounts Receivable Check (ARC) Conversion enables you to collect funds electronically through the ACH Network with the potential for faster collections and reduced float. Returns are also processed more efficiently, facilitating improved collection and enhanced credit and fraud risk management.
J.P. Morgan ACH Concentration Service enables the automated ACH transfer of funds from local bank accounts to a J.P. Morgan concentration account. Deposit reporting input can be by touch-tone telephone or headquarters entry.
Leverage point-of-sale technology to increase speed of consumer payments, reduce return item risk and improve liquidity to enable quicker use of funds.
Improve your electronic payment collection rates by preemptively identifying exception items. ACH Preemptive Processing Intelligence (PPI) enables faster settlement by addressing return issues up front and using corrected return item information in a timely manner.
Improve exception item processing with electronic collection of returned checks. Returned consumer checks can be submitted more efficiently and up to two additional times through the ACH Network, resulting in reduced payment collection times and improved funds availability.
The ATM Business Deposit Card is a deposit-only card that lets on-the-road employees deposit cash and checks.
For more than 37 years, J.P. Morgan has led our industry as the #1 ACH originator. We are also proud to be ISO 9001 certified, which demonstrates our unique commitment to providing exceptional customer service and enabling timely, quality transactions.
Convert eligible checks received at the point-of-sale into electronic debits processed through the ACH network. You reduce check float and improve the potential for faster collections. Also, as returns are processed more efficiently, you improve collections and enhance credit and fraud risk management.
J.P. Morgan is one of the only providers that offer a one-stop solution of all the services you will ever need to administer your case - from claims administration through disbursement of settlement and plan proceeds.
Our physical cash concentration and notional pooling services enable you to create a single, global cash position. Benefits include optimizing liquidity, offsetting long and short positions for self-funding purposes, and maximizing funds for investment.
An account-based, low-cost solution designed specifically for recipients of state and local government payments, such as child support, unemployment insurance and home energy assistance.
Streamline receivables with cash letter options and check return services from the second-largest check processing institution in the United States.
Our paper check solutions offer a variety of services to improve funds management, information access and control. Streamline reconcilement processes and gain transparency in your transactions.
Get added flexibility for cash deposits and coin and currency orders.
Manage your procurement, travel and other organizational expenses through versatile card controls, online functionality and data integration into your accounting system. We offer a full suite of commercial card payables solutions that are fully customizable to your requirements.
An increasingly complex world offers new challenges and opportunities. As one of the leading global banks in foreign exchange, J.P. Morgan has the capabilities and expertise to help you navigate across any border.
Initiate your ACH file transmissions with an easy-to-implement, cost-effective solution that does not require proprietary software installation.
Allows your agency to load, store and access digital forms, reports, data, and other documents with ease.
Choose from our electronic check solutions for converting consumer check and payment data into ACH debit transactions.
Simplify the collection of local and international funds through a single interface.
Initiate domestic and global payments via wire, ACH, and draft electronically to vendors, customers and employees to eliminate paper processing costs, delays and inconvenience. In addition, effectively manage your currency exposure.
In an increasingly complex world, J.P. Morgan Escrow Services can help you successfully mitigate risk for critical transactions. Our reputation as one of the world’s leading escrow agents has been earned by a dedicated team that ensure your transactions close quickly, accurately and securely.
Expand sales while reducing foreign risk and improving cash flow.
Simplify international payment processing through a single interface. Global ACH (Automated Clearing House) offers secure transmission of disbursements and collections globally without the need to maintain multiple country-specific payment formats and bank relationships.
J.P. Morgan is the leader in the use of debit cards for the distribution of pay and benefits under government programs across the United States. We offer a robust suite of Government Payment Cards that can be implemented quickly and easily, so you save money by eliminating costly check issuance and reducing fraud, while modernizing administration and improving the efficiency of government payroll and benefit programs.
Our suite of services automates and integrates all aspects of payment and remittance advice processing for health insurers.
Automate the capture and passage of electronic files of explanations of benefits (EOBs) for faster, more accurate posting into your patient accounting system.
HSAs are among the most effective tools in making healthcare more affordable for you and your employees.
Whether you collect customer payments by mail, drop box or at a walk-in location, our solution provides end-to-end integration with your business processes and internal receivables systems to streamline your payment process through check imaging and multichannel clearing.
Capture check images and data from your desktop, or deposit cash letters electronically.
Our automated sweeps and direct placement capabilities give you access to a full complement of short-term instruments offered through J.P. Morgan, J.P. Morgan Asset Management, J.P. Morgan Securities LLC and third-party providers. From bank deposits to money market funds to fixed-income securities, clients can select investments suited to different types of cash: operating, reserve and strategic.
The ISO 20022 XML standard is rapidly revolutionizing the way corporations integrate their core treasury, payable and receivable applications with banks' systems.
We offer several lockbox solutions to help speed remittance processing for optimal availability to your funds.
J.P. Morgan customers leverage our global infrastructure, unrivaled banking network and sophisticated online platform to fund, manage and mitigate the risk of their end-to-end trade activities.
Order-to-Pay automates purchase order delivery, invoice and payment processing, and discount management. By connecting buyers with their suppliers across a secure settlement network, the service automates transaction processing and optimizes working capital.
Implement our integrated Internet, phone and call center solution, improve the efficiency of payments and provide convenient payment options for users.
Managing risk is easier with our suite of services designed to help you identify fraudulent payments, block them from your account and give you review and control over incoming payments.
Our solutions allow you to manage payroll, benefits distribution, incentive and rebate programs and other organizational expenses through versatile card controls, online functionality and data integration into your accounting system.
Transform payroll, benefits delivery and daily commerce into convenient, cost-saving paperless transactions.
Your financial institution can open Reference Accounts with J.P. Morgan to support the needs of your corporate clients, providing you with account services where your institution does not have access to local markets and clearing systems.
You can service, report and track issues involving incoming and outgoing funds transfers and ACH U.S. Dollar origination transactions — all online 24 hours a day, seven days a week from your desktop, laptop or wireless device.
Single-Use Accounts is an electronic card-based payment solution for larger, single purchases that combines the control of checks, the convenience and rebate revenue of a card, and the efficiency of e-payment.
J.P. Morgan's modern supply chain finance solutions help buyers and suppliers meet their working capital, risk mitigation and cash flow objectives with open account financing propositions including supplier finance, receivables purchase, and pre-export and post-import solutions that can be delivered to meet client needs around the world.
A secure, simple, convenient application that allows taxpayers to initiate US federal government, state and local taxes via the Web or a touch-tone telephone.
Utilize Total Settlement(SM) for a rapid deployment approach to Accounts Payable automation by processing all your payments via a single channel.
U.S. Dollar Clearing – Asia Direct revolutionizes how international payments are made. You gain direct access into multiple U.S. dollar clearing systems across Asia through a single J.P. Morgan Multicurrency Account. Intelligent routing technology also helps expedite your initiation-to-settlement cycle.
Provides credit protection to companies looking to hedge their credit risk against business counterparties. For more information, please contact JC Barone at 212-270-2249.
Virtual Remit is our lockbox remote capture solution that enables clients to capture and transmit remittance data and images directly from their desktop with a single scanning device that accepts U.S.-denominated checks, coupons, envelopes and full-size documents.
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Prescription for Success
The Ecosystem of Change for Healthcare Providers
FAQS on Healthcare Reform |