Indemnity Payment

3 Key Indemnity Payment Issues for Payment Administrators

In a recent poll of C-level executives conducted by DataPath, payment administrators answered a range of questions regarding indemnity payment processing. The inquiries sought to better understand the challenges and industry trends that payers experience. Among the questions posed, the main focus centered on payment types, frequency, cost, and other related issues. 3 Major Indemnity … More >>

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Payment Administrators

How Workers’ Comp Payment Administrators Can Stay Relevant in the 21st Century

For any business or industry, the ability to stay relevant is key to success. Staying with the old ‘tried-and-true’ ways, without the capacity, willingness, or foresight to adapt to technological advances, can be a company’s death knell. As Bill Donnell, President and CEO of National Council on Compensation Insurance (NCCI), points out, Blockbuster lost its … More >>

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Employer-sponsored debit cards

The Advantages of Employer-Sponsored Debit Cards

Employees, employers and TPAs all find value from a strong employer benefits package. Employer-sponsored debit cards can further bolster benefits offerings. In today’s fast-paced world, where time is of the essence, debit cards provide an efficient payment method for consumers everywhere. They eliminate the time and hassle involved in writing checks or stopping at the … More >>

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End-to-End Payment Processing

The Benefits of End-to-End Payment Processing

Single-source, end-to-end payment processing can result in stronger client relationships, increased accountability, and decreased fraud. For payment administrators, partnering with a payment processing company that handles the entire payment chain can pay numerous dividends. More and more people rely on debit or credit cards to pay for goods and services. Consumers are primarily concerned about … More >>

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RenewCard

What is RenewCard™ and Why Do You Need One for Your Indemnity Payments?

Making workers’ compensation indemnity payments to employees who get injured on the job can be a frustrating and time-consuming process. Managing workers’ compensation indemnity payments often requires employers to navigate a complex and confusing maze of government regulations and payment providers. Additional issues such as check fraud, late or missing payments, and the cost of … More >>

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RenewCard

RenewCard Simplifies and Secures Workers’ Comp Payments

It’s no secret: American workers are becoming more mobile. Between 2005 and 2012, there was a 79% increase in the number of employees who worked remotely1. With more and more people working away from home, many of them are located far from their personal banks. When these employees get hurt on the job, how does … More >>

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Benefits Debit Card

DataPath Payment Solutions: Quick, Modern, Secure

Finding the right payment solution can be tough. Making payment by check is costly (up to $8 per transaction1) and time-consuming. Furthermore, paper checks are vulnerable to fraud, and if a payment is late or never received, payers can receive a lot of angry phone calls or negative social media attention from upset recipients. This … More >>

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Benefits Debit Card

The Hidden Risks of Workers’ Compensation Payment Processing

Controlling workers’ compensation costs by automating processes, while maintaining the privacy and security of injured workers, is crucial. As payers look to automate payment processes, they could be creating greater risks, complications and inefficiencies. On the surface, the workers’ compensation payment process involves only three players—the payer, the provider and the injured worker. The payer … More >>

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Whitepaper: Assessing the Hidden Risks of Payment Processing

The complications that stem from multiple parties being involved in insurance payment processing call for a solution that is flexible, efficient, and secure. Introduction The process of issuing payment from an insurer to a provider is fraught with complications and delays. Insurers commonly enlist the services of a third-party administrator (TPA) to manage the supporting documentation and distribute … More >>

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The Hidden Costs of Indemnity Payments

A recent white paper published by DataPath finds that traditional processing methods for indemnity payments may be costing claimants and businesses more than they anticipated. In an evolving 21st century world, people move frequently or work remotely, and some do not have easy access to their home banks. A staggering number of workers, an estimated 25 million people, … More >>

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Whitepaper: The Hidden Costs of Indemnity Payments

Traditional indemnity payment costs may result in higher workers’ compensation claim costs Introduction Indemnity payments represent a significant portion of workers’ compensation spend – anywhere from 40 to 60 percent of claim costs. While they don’t receive a lot of attention, increasing administrative burdens and processing fees associated with indemnity expenses are thwarting payers’ abilities … More >>

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RenewCard Automates Workers’ Compensation Indemnity Payment Processing

DataPath RenewCard reduces indemnity payment expenses, manual errors; simplifies tracking. /PRNewswire/ — Indemnity payments not only represent a sizable portion of workers’ compensation expenses, they also require significant administrative resources. DataPath announced today that it is introducing RenewCard, a card-based indemnity payment solution designed to streamline the process for workers’ compensation payers. “Our discussions with payers uncovered … More >>

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