Network Overview
WHAT IS HealthTransaction Network®?
- The first national, shared healthcare transaction network in the U.S.
- Operates similiar to ATM/POS networks that revolutionized the banking industry in the 1970's
- Operates using a new high-tech transaction card and a technologically advanced electronica terminal device at healthcare provider locations throughout the United States.
- HealthTransaction Network owns and operates a state-of-the-art transaction processing system/facility – utilizing industry leading processing hardware and software systems
WHAT DOES THE NETWORK DO?
- Third party processing network that connects healthcare providers directly to consumers
- Network securely processes transactions between providers and consumers
- Will allow cardholders the ability to receive routine wellness and preventive care services at an affordable price, nationwide
WHO CAN PARTICIPATE?
- Participation in the network is open to all healthcare providers and consumers throughout the U.S.
- Focus is on the uninsured and underinsured population, nationwide
- Current estimates indicate that approximately 50 million people are uninsured
- Approximately 20% of the U.S. population, 59 million people, are considered to be underinsured
- These two groups include:
- Low income or poor people
- Senior citizens
- Young adults ages 23-35
- Individuals with high deductible or catastrophic health insurance policies
- Small business owners and their employees
BENEFITS?
- Convenient access to affordable health care for consumers in their community
- Improved cash flow for healthcare providers
- Immediate payment at point-of-care
- Elimination of claims processing and associated costs
- Significantly reduce administrative expense
- Streamline procedures, reduce paperwork
- New customers will be introduced to healthcare providers
- Reduce charity care and unnecessary emergency room visits


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