Visa Direct, Zelis®, Dash Solutions Join Forces to Revolutionize Healthcare Disbursements for Consumers
November 19 2024 - 7:00AM
Business Wire
Groundbreaking collaboration delivers innovative digital payment
technology to elevate member experience and streamline healthcare
disbursements
Dash Solutions, a payments enabler empowering thousands of
corporate customers with cutting-edge digital payment and
engagement tools; Zelis, a leading provider of healthcare
technology solutions; and Visa Direct, a world leader in digital
payments, today introduced a first-of-its-kind strategic
partnership to innovate the healthcare payments landscape. The
collaboration combines Dash's innovative Dash Digital platform,
Visa Direct’s expansive global payment and real-time money movement
network, and the Zelis Advanced Payments PlatformSM (ZAPP) to
simplify and expedite healthcare disbursements for consumers.
The collaboration tackles some of the most significant
challenges in healthcare payments:
- Helps revolutionize payment delivery speed, allowing
members to receive payments within minutes after
approval—transforming a process that used to take weeks.
- Offers fantastic choice and flexibility, empowering
members to receive funds through their preferred payment method,
from real-time1 payments to instant digital payments and
traditional options.
- Delivers a seamless, transparent, branded experience for
both payers and payees, reducing administrative burdens and
enhancing the overall payment journey.
- Strengthens security by dramatically reducing payment
fraud risks through advanced measures, such as name matching or
address verification, that protect sensitive financial
information2.
Through the partnership, payers will receive a direct
integration with ZAPP and benefit from streamlined payment
operations, improved member experience, increased member
satisfaction, and greater operational efficiencies. By harnessing
the Dash Digital platform, which enables its SpendIT SendIT
technology, turbocharged by Visa Direct’s robust global network,
Zelis can now offer payer clients a comprehensive, digital-first
approach to healthcare disbursements that meets the demands of
today's digital consumers.
"At Dash Solutions, we tackle the most pressing payment
challenges that our clients face every day," said Stephen Faust,
CEO of Dash Solutions. "Our collaboration with Visa Direct and
Zelis represents a significant step forward in addressing the
complex needs of the healthcare industry, providing a seamless,
digital payment experience that benefits payers and members while
also giving members the power to choose how they receive and use
their funds."
“As payers increasingly lean on a platform to manage all their
transactions, it is also necessary that the end recipient be
provided the same optionality and payment choices,” said Yusuf
Qasim, President, Payments Optimization at Zelis. “Our integration
with Dash Solutions allows payers to manage disbursements
digitally, providing members with next-generation payment options
within a user experience that promotes transparency.”
Dash Digital leverages its SpendIt SendIt technology, offering
organizations a unified platform for managing a wide array of
payments, including member payments and claims reimbursements. This
approach doesn't just simplify administrative processes—it
revolutionizes the member financial experience by offering
unparalleled choice in payment methods. By working with Visa,
payers can use Visa Direct to make deposits into bank accounts
using the debit card connected to that account. Recipients can also
select from other options, including ACH and PayPal, ensuring every
individual can receive funds in the most convenient manner.
"Visa is committed to revolutionizing money movement in
healthcare with our Visa Direct solutions, which allow members to
receive payment typically in real-time1," said Yanilsa Gonzalez
Ore, Head of Visa Direct, North America at Visa. "By combining
Visa’s global network and cutting-edge digital solutions like Visa
Direct with Dash Solutions' innovative platform, we're forging a
more efficient, transparent, and consumer-centric healthcare
payment ecosystem that strikes at the root of patient challenges
with speed of payment and optionality.”
About Dash Solutions
Dash Solutions provides forward-thinking organizations with
everything they need to make payments and rewards more meaningful
to their business and the people they pay. The company has a proven
track record of handling over $50 billion in payments volume.
Discover how we help make payments and rewards mean more at
dashsolutions.com.
About Zelis
Zelis is modernizing the healthcare financial experience by
providing a connected platform that bridges the gaps and aligns
interests across payers, providers, and healthcare consumers. This
platform serves more than 750 payers, including the top 5 national
health plans, BCBS insurers, regional health plans, TPAs and
self-insured employers, and millions of healthcare providers and
consumers. Zelis sees across the system to identify, optimize, and
solve problems holistically with technology built by healthcare
experts – driving real, measurable results for clients. Learn more
at Zelis.com and follow us on LinkedIn to get the latest news.
About Visa
Visa (NYSE: V) is a world leader in digital payments,
facilitating transactions between consumers, merchants, financial
institutions and government entities across more than 200 countries
and territories. Our mission is to connect the world through the
most innovative, convenient, reliable and secure payments network,
enabling individuals, businesses and economies to thrive. We
believe that economies that include everyone everywhere, uplift
everyone everywhere and see access as foundational to the future of
money movement. Learn more at Visa.com.
________________
1 Actual fund availability depends on
receiving financial institution and region.
2 Visa Direct clients and participants
should always consult and seek approval from their internal
compliance teams on sanctions screening controls and processes and
are solely responsible for their own compliance with applicable
laws and regulations.
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Joe Gerace VP, Media Relations joe.gerace@archiegroup.com
917-757-5374
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