The 3Pea Healthcare Remittance Card provides immediate electronic claims payments to the pharmacy at the point of purchase by converting the insurance card into a financial transaction vehicle (debit card).

Key Features:

• Health insurance RxBin information on the front of the card allows the card to be adjudicated like any other prescription coverage card when presented with a valid prescription at the retail pharmacy location. The 3Pea Healthcare Remittance Card is the member’s prescription coverage card.
• Following adjudication, the agreed and authorized payment amount from the health insurance company to the pharmacy is funded to the card.
• The 3Pea Healthcare Remittance Card card facilitates immediate, real time claims payments from the insurance company to the pharmacy.
• Pharmacy is paid instantly for covered prescription transactions.
• All time, expense, and delay associated with billing, payment tracking, and payment delivery from the insurance company to the pharmacy is eliminated.
• Prescription drug claim payments become instant, effortless, and convenient.
• All claims payment tracking and reporting become available online and in real time.

Key Benefits to the Sponsoring Health Insurance Company:

• Reduced administrative overhead for paying and tracking prescription claims.
• Improved pricing from pharmacy retailers resulting from immediate claims payment and reduced administrative overhead.
• A win-win-win scenario for the pharmacies, pharmaceutical companies & payers.