Healthcare Payment Solution Integrates With Nation’s Largest On-demand Healthcare Solution
Minneapolis, May 26, 2010 — TSYS Healthcare today announced an agreement with Lighthouse1, an industry leader in consumer-driven healthcare (CDH) administration software solutions, to provide an integrated end-to-end healthcare payment solution. The partnership brings another fully integrated payment solution to CDH administrators using the Lighthouse1 OnDemand Platform.
This partnership provides several benefits for healthcare administrators. By using TSYS Healthcare’s real-time connectivity and integration, administrators will enjoy a seamless experience managing benefit cards as a part of their claims administration service. The new healthcare payment solution using Lighthouse1 will provide TSYS customers with real-time management of their healthcare payment cards within a single, robust CDH platform that no longer requires processing or reconciling between two separate platforms.
“TSYS Healthcare is a strong player in the payment card space, and is a clear leader in providing robust CDH payment solutions,” said Jeff Young, chief executive officer and president of Lighthouse1. “Our partnership with TSYS provides our partners and consumers with an industry leading, comprehensive CDH solution.”
“This partnership offers another single source solution for all administrative activities related to plan members who use their healthcare cards to pay for healthcare products and services,” said Mark O’Leary, senior vice president of business development for TSYS Healthcare. “TSYS Healthcare’s approach of client-driven innovation reduces unnecessary complexity when the industry needs it most. We’re pleased to partner with Lighthouse1, an industry leader in software solutions for administrators.”
The solution enables Lighthouse1 and TSYS to offer administrators the option for a single integration of claims and payment software. Lighthouse1 users will be able to interact with TSYS though the Lighthouse1 OnDemand platform to utilize a single point of contact for all customer support needs.
About Lighthouse1
Lighthouse1 and its partners serve more than 2.5 million consumers, making Lighthouse1 the nation’s largest web-based healthcare solution that manages HSAs, HRAs, FSAs, and Transit Plans. It is the only solution available today that meets more than 1,100 unique benefit plan designs, simplifies the user experience, and satisfies workflow management needs of administration partners, employers, and consumers. It does all this on one technology platform comprised of Lighthouse1 OnDemand, the Lighthouse1 OneCard, and fully integrated web-based portals available 24/7/365. The Lighthouse1 OneCard offers consumers seamless and paperless processing of claims and reimbursements. Lighthouse1 is simplifying the business of healthcare and is dedicated to fueling productivity, lowering costs, and growing business together with its partners. Visit www.lighthouse1.com for more information.
About TSYS Healthcare
TSYS Healthcare, based in Minneapolis, Minn., was created as a division of TSYS (NYSE: TSS) in 2007 to provide end-to-end solutions tailored to the emerging market of consumer-directed healthcare. TSYS Healthcare enables real-time, auto-substantiation for eligible medical items purchased with a healthcare payment card. The division provides financial institutions, insurers, participants and third-party administrators (TPAs) with the expertise and support to navigate all aspects of health savings accounts (HSAs), health reimbursement accounts (HRAs), flexible spending accounts (FSAs) and lines of credit. Its new processing model enables consumers to use a single card to access their healthcare dollars.