ECHO and Sapiens partner to empower insurers to achieve total electronic adoption

By Pavithra R

Sapiens, a global provider of software solutions for the insurance industry, has announced partnering with ECHO Health, offering digital payment processing for healthcare, workers’ compensation, property and casualty, and other specialty insurers, to provide carriers with a comprehensive, digital payment solution through a single, secure, streamlined portal.

Founded in 1997, ECHO specializes in removing barriers to digitization and immediately connects clients to a network of more than 1 mn electronic-ready insurance vendors and providers. The firm now processes more than $1 bn in payments every week.

“Sapiens shares our commitment to leading the industry with diverse digital solutions and dependable customer service. Together, working as one team, we will unlock the full potential of integrated payment processing for our clients on the best path for success in the new digital business landscape,” said Tom Dean, President, ECHO. 

ECHO’s payment processing solution, with Sapiens’ CoreSuite for Property & Casualty and CoreSuite for Workers’ Compensation solutions, will enable carriers to eliminate cumbersome manual payment processes. The joint offering will allow clients to reconcile payments across multiple modalities, with minimal IT requirements and maximum-security protection. All client financial data will be streamlined into a single access point, making for more efficient and profitable decision-making.

“Sapiens and ECHO are partnering to address the many payment challenges clients experience today. By integrating the ECHO solution within Sapiens Worker’s Compensation and P&C solutions, clients can easily implement digital payment processes, saving money and resource time, and gaining greater insight on payments,” said Roni Al-Dor, President and CEO Sapiens.