HealthcarePays Names Tommy G. Thompson Chairman of Board of Directors

HealthcarePays (HCP), an industry-owned "payment network" designed to cut healthcare costs by effectively reducing waste and fraud, announced Tommy G. Thompson as a member of its board and its chairman.

According to a release, HCP employs an industry-owned network for healthcare payment authorization and processing that is proprietary, standardized and compliant with the Affordable Care Act (ACA) and all state and federal laws. Employers, providers and insurance companies are joining HCP to combat waste and fraud, create efficiencies of healthcare payment processing and access industry- wide data cube analytics.

Thompson says he's joining HealthcarePays to combat the lack of cost transparency and rampant waste and fraud that are draining the U.S. healthcare system of hundreds of billions each year.

HCP interacts with all existing healthcare industry organizations including employers, hospital systems, physician groups, insurance companies, government payers such as Medicaid and Medicare, intermediaries, clearinghouses and banks.

As Secretary of Health and Human Services and Governor of Wisconsin, Thompson became a champion for welfare and Medicare reform, and had a reputation for fighting for the federal funding needed to improve public health.

"Tommy is a visionary and has a long track record of accomplishments in health services," said HealthcarePays Chief Executive Officer Dave Adams. "He's been advocating for healthcare reform throughout his impressive career in public and private service. We are fortunate to have him as a leader and an evangelist for our cause to reduce healthcare costs in the U.S."

Tommy G. Thompson was the 42nd and longest serving Governor of the State of Wisconsin from 1987 to 2001. Thompson also served from 2001 to 2005 as the United States Secretary of Health and Human Services (HHS). Thompson has held numerous posts including as Chairman of AMTRAK, Independent Chairman of the Deloitte Center for Health Solutions and served on the boards of various other publicly and privately held entities. Thompson has been called a "pioneer" for two landmark initiatives, the Wisconsin Works welfare reform and school voucher programs. During his time as HHS Secretary, Thompson provided key leadership in the post 9-11 environment, reorganizing HHS, increasing funding to the National Institutes of Health, increased the responsiveness of the Centers of Medicare and Medicaid and working through the backlog of waiver requests thereby providing health insurance to 1.8 million low income Americans.

HealthcarePays (HCP) is an industry-owned "payment network" designed to cut healthcare costs.

More information:

healthcarepays.com

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