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Product Offerings
IQPay

Payment Processing Made Simple

The CompIQ software integrates seamlessly with a variety of payment processing partners to support payment issuance to Providers, Vendors, and indemnity payments to Claimants/Injured Workers.

The Payment services offered by CompIQ through our long-term market-leading partner help ensure faster, easier, and more flexible payment options to providers on behalf of our clients over more traditional payment methods.

OVER

$1B

IN MEDICAL
PAYMENTS ISSUED

40%

reduction in paper payments

2M

in-network payment providers

Benefits of Payment Services

Reduce the cost of making payments to providers and vendors by moving off of paper and leveraging our network that allows for electronic payment to providers. Our payment services solution is a flexible model that can be catered to the specifications of each individual client. Additionally, our solution allows providers to dictate how they get paid, offering easy enrollment options so providers can choose the payment method that suits their organization.

PROVIDER CENTRIC MODEL

ePayment model puts providers in complete control of how they get paid and provides enhanced reporting for tracking, electronic delivery, and state compliant electronic EOR delivery.

SECURE AND COMPLIANT

The CompIQ payment platform is SOC 1, SOC 2, and HITRUST certified. Dedicated compliance team focused specifically on the industries and markets served. 1099 and Escheatment services are included in our payment offering, helping reduce the workload of client internal staff while maintaining compliance to all IRS and state rules and regulations.

EXPANDING PROVIDER ADOPTION

Ongoing provider outreach conducted by U.S. team of network specialists – working to expand and broaden the ePayment network adoption rates to streamline payments and reduce costs.

RELIABLE TRACKING, RECONCILIATION

The payment services offer robust reporting, tracking, and real-time visibility into payments from bill review through the payment process. The solution provides improved traceability and transparency in the payment process, enhances the control and visibility into funding and reserves, and helps put more control in the hands of our client’s finance and accounting oversight.

Our Product Offerings

At CompIQ, maximizing our customers’ medical savings isn’t just a goal–its our unwavering commitment. Whether you’re leveraging our cutting-edge medical bill review platform or relying on our team of seasoned experts to manage it for you, we’re dedicated to delivering results. Together, we’re transforming the medical billing landscape for the better.

IQExtract

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The first step in the Medical Bill Review process is ensuring high-quality bill data is extracted. We can help with sorting, scanning, and/or data capture services for both physical and digital receipts—including various flexible integrations.

Bill Review Services

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Whether you need to augment or fully outsource your bill review services, CompIQ’s team of highly tenured medical bill review specialists can help. We can guarantee bill processing stability and dependability so that you can focus on the things that matter most.

Bill Review Software Lease

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CompIQ’s Bill Review Software Lease provides flexible, scalable solutions to enhance your bill review process. Our software ensures reliable, efficient processing, allowing you to focus on your core operations.

AuditIQ

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AuditIQ combines an exceptional team of expert auditors and seasoned negotiators to achieve the highest level of defensible savings for our clients. The AuditIQ team works closely with clients and providers with a focus on payment integrity and recommending the correct payment, on time, the first time. This program has a 97% provider acceptance rate on audits and a vast network for successful negotiations.

Network Solutions

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We’re proud to have access to national, regional, and specialty PPO networks. Our clients can choose to leverage our networks, manage their PPO contracts directly, or design a hybrid approach and get access to the best of both worlds.

IQPay

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Reduce costs by making payments to providers and vendors directly from the CompIQ integrated platform. Seamless integration gives you the ability to reduce the amount of time it takes to get payments adjudicated while providing improved tracking and audit capabilities and reducing overall costs.