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Stock impact report

Deluxe Enters into Health Care Payments Claims Transactions through new Venture with ECHO Health

Deluxe Corporation (DLX) 
Last deluxe corporation earnings: 10/24 04:00 pm Check Earnings Report
Company Research Source: Business Wire
New platform will enable organizations making healthcare payments to migrate from paper checks to digital payments SHOREVIEW, Minn.--(BUSINESS WIRE)--Today, Deluxe (NYSE: DLX), a Trusted Business Technology™ company, announced the launch of the Medical Payment Exchange (MPX) platform, a joint venture with healthcare payment provider ECHO Health.This venture establishes a new cloud-based digital payment process to address an unmet need in healthcare payments: the healthcare payers’ challenge of delivering efficient electronic payments to providers whom they pay infrequently. According to the 2018 CAQH Index, these payments account for roughly 40 percent of all medical claim payment transactions and 88 percent of dental claim payments.“The partnership between Deluxe and ECHO brings a new approach to healthcare payments, solving key challenges faced by payers and providers,” said Michael Reed, General Manager of Payments for Deluxe. “The joint solution uses patented technology to over Show less Read more
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