How does VIIAD remove billions of dollars of waste from the healthcare industry by eliminating the traditional insurance card?
VIIAD’s innovative delivery platform and related products, such as the Health Ticket®, increase communication among the various parties to a healthcare transaction, including Insureds, Providers, and Payors. This provides transparency to increasingly complex healthcare transactions, resulting in reduced waste through administrative inefficiencies. In addition to reduced administrative costs, VIIAD eliminates the need for static insurance cards, potentially resulting in billions of dollars of savings within the healthcare industry. The Health Ticket® uses patent-pending technology to provide Insurers with access to the most up-to-date plan information, printed right from their computer, or at the Provider’s office. Each year, insurance companies spend millions of dollars printing and mailing new static ID cards every time a plan is updated or personal information changes. It costs Payors anywhere from $2 to $10 every time they print and mail an updated card to a Member. Based on $5 bein
