DataPath, a payment processor and provider, has launched RelianceCard, a card-based payment option for workers’ compensation Medicare Set-Aside (MSA) arrangements. The customizable card provides MSA recipients access to funds and network discounts, helping carriers and pharmacy benefit managers (PBMs) ensure settlement money is used for related care.
“A challenge for payers and PBMs is ensuring that workers’ compensation settlement funds are being used in accordance with the MSA arrangement,” said Glen Hoffman, vice president of investment services and company principal for DataPath. “We developed the RelianceCard to help PBMs and payers better monitor these funds, eliminate administrative burdens, and apply network discounts to related medical expenses such as prescriptions and durable medical equipment.”
When MSA settlement dollars are used incorrectly, injured workers can run out of funds for necessary medical care, leading to calls, unnecessary expenses and threats of litigation. RelianceCard can be customized to restrict purchases and automatically apply network discounts.
RelianceCard can encourage the use of in-network pharmacies and durable medical equipment (DME) providers, which can eliminate the burden of adjudicating third-party bills. If cards are lost or stolen, the claimant calls DataPath directly, eliminating hassles for the organization managing the MSA account.
How it Works: DataPath’s RelianceCard is linked to the claimant’s MSA account. Cards can then be linked to the PBM’s pharmacy or ancillary network to automatically apply discounts. DataPath’s ClaimsVault technology tracks documents and receipts.
Cards are customized for payers and PBMs so they can make the cards as flexible or restrictive as they want. DataPath handles everything from card issuance and payment processing to customer service and technical support. If a card is lost or stolen, funds are protected against fraud.
Little Rock, Ark.-based DataPath offers financial and administrative options, including its workers’ compensation secure, card-based indemnity payment processing and provider payment offering to distribute and track payments for workers’ compensation medical services.
Topics Workers' Compensation New Markets
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