01 Mar Fiserv unit adds healthcare payment processor
Milwaukee, Wis. — Personix, a business unit of Milwaukee-based Fiserv Inc., said it has made a license agreement with Remettra, Inc., which provides electronic payment services for healthcare.
The Arkensas firm’s payments system will be integrated with Personix’ Health Information Processing System (HIPS) and will provide electronic versions of paper checks and remittance advices. Payers who sign up for the program will continue sending to Personix the same claims data, and Personix will create electronic documents for any provider that has enrolled in the system.
Fiserv has pursued the healthcare market recently with the strategic acquisition of CareGain in New Jersy this January and several acquisitions last year. About 28 percent of its revenue comes from health-plan administration.