Cash Technologies has announced that its wholly owned subsidiary, Claim-RemediServices, has entered into a services agreement with TriCap Health to incorporate Claim-Remedi’s products into TriCap’s ARxChange debt disposition platform.
TriCap’s ARxChange system is the first centralized on-line marketplace for the disposition of healthcare debt and accounts receivables. ARxChange represents a coresolution in TriCap’s compelling product portfolio dedicated to helping solve many of today’s pressing healthcare-related business, financial, and technology challenges.
Under the two-year Agreement, TriCap shall utilize Claim-Remedi’s products to identify portions of patient-debt portfolios that can be recovered from insurance companies, rather than through patient collections, thus substantially increasing the value of such receivables. Fees are based on the value of recovered collections and will be shared between TriCap and Claim-Remedi on an equal basis. The Agreement also permits the parties to market each other’s products to their respective growing client constituencies.