Acquisition Expands ECHO’s Service Offering as Industry-Leading Electronic Payment Platform
January 4, 2023 Westlake, Ohio–(BUSINESS WIRE)–Echo Health (ECHO®), a market leader in claims payments, today announced that it has acquired PayPilot provider Prelude Software.®is a payment hub solution used by , insurance companies, hospitals and governments.
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The move comes as organizations such as insurance companies and hospitals continue to prioritize digital payment strategies to modernize experiences and reduce costs. ECHO and Prelude Software will continue to drive improvements by leveraging Prelude’s payment platform, PayPilot, and ECHO’s fully integrated digital payments platform.
ECHO President Tom Dean said: “This acquisition enables us to offer a complete digital solution that can be easily integrated into our core systems.
Prelude Software President Steve Root said: “PayPilot users will now have access to ECHO’s full suite of payment options, along with access to our industry-leading payment network,” said Root. With a focus on billing, policy and AP system integration, his PayPilot eliminates workflow disruptions while optimizing results.
The acquisition will provide efficiency and flexibility to meet individual client needs and improve recipient selection. “We look forward to bringing additional integration capabilities to ECHO with the acquisition of Prelude Software and continuing to be the market leader in electronic payments,” Dean said. and payment systems for a seamless experience,” said Dean.
Click here for details EchoHealthInc.com When PreludeSoftware.com.
About Echo Health
ECHO® is a technology company focused on removing complexity and cost from payment processing. We save our customers over $1 billion annually by comprehensively managing the claims payment process and providing access to the ECHO Payment Network, the industry’s largest network of insurers and service providers. ECHO resolves over 500 million claims each year and securely distributes over $100 billion in payments across the ECHO Payment Network. And uniquely, his ECHO technology keeps policyholders and service providers happy by ensuring they get paid the way they want.
About Prelude Software
Prelude Software is a leading provider of enterprise-scale ePayable solutions for insurance companies and healthcare providers. Its industry-renowned PayPilot® solution extends the life and functionality of clients’ existing infrastructure by interfacing with source systems to centralize and streamline billing, policy, and financial workflows, as well as secure and secure payment processes. Helps improve control. PayPilot empowers payees choice by allowing them to choose their preferred payment method and providing fast and secure payments.
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Echo Health Co., Ltd.