WESTLAKE, Ohio, August 02, 2021--(BUSINESS WIRE)--ECHO Health, Inc. (ECHO), providers of industry-leading payment processing technology, are announcing a new strategic partnership and integration with Virtual Benefits Administrator (VBA) software, which offers a full suite of proactive, cloud-based healthcare administration solutions.
Sharing a strong commitment to digital solutions that streamline internal processes and eliminate waste, ECHO’s integration with VBA software is an exciting development that will improve the efficiency of plan management and payment methodologies. The two platforms communicate seamlessly, leading to reduced administrative costs and increased productivity across organizations.
Founded in 1997 and now processing more than $1 billion in payments every week, ECHO provides digital payment processing for healthcare, workers' compensation, property and casualty, and other specialty insurers. Using a single, secure, streamlined payment system, ECHO specializes in removing barriers to digitization and immediately connects clients to a network of more than one million electronic-ready insurance vendors and providers – the largest network in the nation.
VBA is dedicated to offering software solutions that facilitate efficient and effective administration across a wide array of clients. Their software’s premium functionality includes integrated customer service dashboards, intuitive benefit plan design and testing, and more.
"We’re excited to collaborate with VBA to help our mutual payers optimize their resource allocation and be more efficient," said Tom Davis, EVP Business Development & Strategy for ECHO. "The integration of our industry leading platforms for payment and claims adjudication helps automate manual processes while allowing payers to achieve total electronic adoption. The VBA solutions are a perfect complement to ECHO’s core mission of simplifying payments and saving clients’ money."
"The system that VBA has developed helps our clients solve their data management issues with leading-edge software," said Michael Clayton, CEO of VBA. "ECHO’s approach is fully aligned with the solutions VBA provides. Working with ECHO will be an amazing opportunity to further streamline our shared users’ payment processes so they can focus on improving their businesses."
About ECHO Health, Inc. ECHO Health, Inc. (ECHO) is the leading provider of electronic healthcare payment solutions. ECHO processes 300 million claims and pays more than $60 billion annually to providers and members from industry-leading payers. Founded in 1997, ECHO is a privately held company located in Westlake, Ohio. For more information, please visit echohealthinc.com or call 440.835.3511.
About Virtual Benefits Administrator Virtual Benefits Administrator (VBA) is a proactive, leading edge software design company providing custom solutions to the insurance industry for nearly 20 years. Uniquely delivered on a secure, cloud-based architecture, VBA provides one-common architecture for all Employee Benefit Administration. Our software development process focuses on continuous improvement to address the requirements of the ever-changing healthcare industry. This empowers clients to focus on business strategy and growth while streamlining their operations. Learn more at vbasoftware.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005478/en/