Financial Solutions for Healthcare Payers

Address rising costs and uncertainty

 

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Learn about Healthcare Financial Management Solutions


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Key Insights into the Financial Aspects of Healthcare


Find out how PNC Healthcare can bring you financial solutions:

 

Treasury Management Solutions

PNC can help accelerate cash flow and improve your automated cash posting rates and internal processes 

PNC Healthcare offers a fully integrated suite of tools, solutions and advisory services to help payers maximize working capital, streamline administrative processes, mitigate financial risk and access capital for investment and growth.

 

Healthcare Receivables

Accelerate the collection of receivables from your policyholders with secure, efficient tools and services. You may also want to integrate a payment process within your existing web portal while avoiding a major financial investment or complex implementation.

Depository Services

Manage your funds more efficiently, especially when you need more than just the basics. PNC’s checking accounts can enable you to offset fees with checking account balances and earn interest on your account. We also offer zero balance accounts and deposit reconcilement services.

Print and Mail

Automate the collection of policyholder payments. PNC can print and mail premium notices or present them electronically for a round-trip receivables solution.

 

Lockbox 

Streamline the payments process, get up-to-the-minute data on funds availability, and maximize your cash flow. Our retail and wholesale lockbox solutions can help you simplify your accounts receivable administration nationwide.

  • Member Premiums - Your members are looking for convenience in terms of the way that they pay you. At PNC, you can consolidate each form of payment from your customer base into a single accounts receivable file that fully reconciles to your bank
  • Recovery Payments - Collecting refund checks from providers is a challenging, manual process. PNC can help build a better workflow to handle both solicited and unsolicited provider refunds

Electronic Bill Presentment and Payment

Simplify and consolidate electronic bill payments and collections with a secure way to present your bills online and allow your policyholders to make payments electronically. You need an efficient, streamlined process to collect incoming payments that have been initiated by your policyholders using different bill payment platforms or various financial institutions.

  • Enable your policy holders to securely view and pay their premiums online with your own, branded website
  • Automate the collection of policyholder payments with a single transmission, reducing the number of check and list remittances you receive

Healthcare Payables

When you pay a policyholder, a provider – or an invoice – you’re not just sending money out the door. You are taking on costs every step of the way. Every resource used in the payables process may increase Days Payables Outstanding (DPO) and require the attention of staff who might be better deployed elsewhere. Find out how PNC’s electronic payment, invoice automation, commercial card services and other payables solutions can help healthcare payers manage their bottom line. Explore our breadth of payables solutions »

 

Information Reporting

Access your cash position, make payments and transfer money 24/7. PNC delivers a streamlined online banking experience through PINACLE®, PNC’s top-rated online and mobile banking portal. This digital banking application gives you access to your accounts easily, whenever you need it.  You can make payments and transfer money, anytime and anywhere, from your desktop, tablet or mobile device. With PINACLE’s robust security features, you can also confidently initiate and approve wire transfers wherever you are.

 

Consumer Driven Healthcare

Individuals can save and grow money on a tax-free basis with a Health Savings Account (HSA) to pay for eligible healthcare expenses.

 PNC Healthcare manages $4+ Billion in investments for 80+ national healthcare organizations

 

Capital Financing Solutions

Choose from a range of financing options to build your capabilities and support your growth objectives

Direct Purchase
Taxable and tax-exempt direct purchase financing for a variety of needs includes refundings, acquisitions, and capital project financing.

Equipment Finance
A variety of lease and loan solutions deliver financing for needs such as medical equipment, energy management and electronic medical record systems.

Bridge Loans
Interest-only interim financing is available for acquisitions, equipment purchases, expansion projects, and other corporate purposes until permanent financing is arranged.

Variable Rate Demand Bond/Commercial Paper Liquidity Facilities
Standby bond purchase agreements and letters of credit provide liquidity and credit enhancement in support of public debt issuances.

Revolving Credit Line
Revolving line of credit facilities support providers’ needs for working capital and general corporate purposes.

Syndications
PNC-arranged syndication of banks streamlines execution on larger capital financing needs.

 

Get comprehensive solutions that go beyond traditional financing. PNC offers a fully-integrated platform to deliver tools and solutions to help payers optimize capital structure, reduce overall cost of capital, mitigate financial risk and access capital for investment and growth. View our capital market solutions »

 

 

Institutional Asset Management Solutions

Make the right investment decisions

In the face of today’s growing financial complexities, the decisions you make impact your organization and its employees in ways that matter more than ever. That’s why PNC Institutional Asset Management combines large-scale resources with a personal commitment to make sure you’re ready for today, and tomorrow.

 

Contact Us

PNC's healthcare team understands patient billing, finance and technology - after all, we have worked with more than 1,900 healthcare organizations across the country.

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What’s your organization?

PNC’s checking accounts can enable you to offset fees with checking account balances and earn interest on your account. We also offer zero balance accounts and deposit reconcilement services.

Our retail and wholesale lockbox solutions can help you simplify your accounts receivable administration nationwide.

Member Premiums - Your membership is looking for convenience in terms of the way that they pay you. At PNC, you can consolidate each form of payment from your customer base into a single accounts receivable file that fully reconciles to your bank

Recovery Payments - Collecting refund checks from providers is a challenging, manual process. Partner with PNC to build a better workflow to handle both solicited and unsolicited provider refunds.

You need an efficient, streamlined process to collect incoming payments that have been initiated by your policyholders using different bill payment platforms or various financial institutions.

Enable your policy holders to securely view and pay their premiums online with your own, branded website

Automate the collection of policyholder payments with a single transmission, reducing the number of check and list remittances you receive.

PNC provides fast and easy implementation of electronic invoicing and payment without burdening your internal IT resources. Hosted by PNC, the online solution delivers:

  • Branded web portal with your colors and logo.
  • Easy uploading of billing data.
  • Easy access to your data using download, direct transmission and merge capabilities.

Outsourcing your printing can also reduce manual operations, postage expense and the number of undeliverable items. PNC’s solutions meet HIPAA/HITECH; NACHA and PCI Standards and requirements for SSAE16 & SOC I & II Audits.

Accounts Payable - Incorporate cards as a settlement option within your existing accounts payables (AP) process with PNC’s ActivePay® solution. You can maximize payment controls and improve days payable outstanding (DPO). You can also enhance transaction and data management, expand your card program and increase the financial benefits of card usage.

Purchasing Card - Streamline the procurement of goods and services by reducing the time and expenses associated with the traditional purchasing process — without costly investment, complicated implementations or reduced control over individual spending levels and budgets.

Prepaid Card - Increase participation in electronic payroll, reduce payroll-related costs and provide for emergency disbursements. PNC’s prepaid cards can also deliver incentives for employees and customers electronically. Our prepaid cards are secure, flexible and cost-effective for a variety of disbursement activities.

T&E Card - Pay for business travel-related expenses, simplify the employee reimbursement process while maintaining visibility and control. With PNC, you can re-engineer employee travel and entertainment (T&E) expense payments and reimbursements.  You can also improve expense management, relationships with preferred vendors and compliance with your organization’s travel policy — resulting in significant cost savings.

*PNC also offers an Executive card that includes robust benefits and exceptional features.

Purchasing and Travel in One Card - Combine procurement and travel functionality in a simplified, single-card solution. Leverage an easy and economical way to make your purchase order and expense reimbursement processes more efficient — all while effectively monitoring and managing individuals’ spending levels.

Multinational Card Programs - Easily and efficiently manage your global payments. Through our unique collaboration with Barclaycard, Europe’s leading Visa commercial card issuer, PNC offers an effective solution that supports traveling employees, controls expenses and integrates reporting of global purchasing -- across North America and 25 European countries.  You can enhance financial management and improve efficiencies at home and abroad.

Fleet Card - Maintain full control and security over fuel and non-fuel purchases related to your vehicle fleet and customize your program at the individual card level. Our streamlined Fleet Card solution provides an effective and convenient payment process that responds to the changing dynamics of your business, allowing you to increase payment efficiencies, reduce costs and improve compliance.

Canadian Card - PNC Bank Canada Branch offers a full suite of payment cards including Commercial, Corporate, Purchasing and Payables. Canadian cards can be issued to both Canada-based companies and Canadian subsidiaries. Cardholders are supported with both English- and French-language materials and customer service.

Check print and mail - Reduce the need for manual operations, postage expense and the number of undeliverable items. PNC’s online check disbursement functionalities include stop payments, 7-year archive, Positive Pay and reconcilement reports. Payables advantage is the central source for disbursing any type of payment type

Account Reconcilement & Fraud Protection - Protect against payment of unauthorized checks and mitigate fraud risk. PNC solutions complement your internal security measures and help you proactively fight frau with account monitoring and controls. When items are presented for payment, our matching and validation process allows us to quickly identify checks that are inconsistent with the data provided. Digitized images of exception items are provided online to enhance your pay/return decision-making. You can review suspicious items efficiently and make timely payment decisions.

Electronic payment methods – including ePayments and RTP®, The Clearing House’s real-time payments system incorporate fraud mitigation tools so you can send payments safely and securely.

ACH Origination - Gain more predictable settlement and cash flow.  PNC’s ACH origination services provide flexible options, along with expert staff, to assist with both the technical and practical aspects of using the ACH network. You can also reduce lost check and fraud expense.   

Wire transfer - Send and receive funds for same-day settlement and timely delivery of transaction-related information. PNC offers a full range of high-speed, secure wire transfer solutions for organizations of all sizes. PNC can process your transactions in both U.S. dollar and foreign currency denominations.

Removing paper invoices from your process while capturing critical data with OCR technology enables you to efficiently match invoices to purchase orders, automate invoice routing/approval and expedite dispute resolution.

A bank-supported digital payments network which can be used to facilitate patient refunds to an email address or mobile phone number.