BOSTON--(BUSINESS WIRE)--Flywire (formerly peerTransfer), a leading provider of cross-border payment solutions, today announced a new sponsorship agreement with USCIPP, the U.S. Cooperative for International Patient Programs. USCIPP is the premier non-profit organization dedicated to expanding global access to U.S. expertise in high-quality healthcare. The agreement comes on the heels of Flywire’s entry into the $40B international patient care industry, announced in October 2015 and is expected to help expand the company’s visibility and market penetration.
USCIPP is a non-profit membership organization comprised of U.S. academic medical centers, healthcare systems and hospitals operating in the international patient care arena. The organization has 63 member institutions, including Rush University Medical Center, Children’s Hospital of Philadelphia, UCLA, Memorial Sloan Kettering, NYU Langone and Cleveland Clinic. USCIPP is part of the National Center for Healthcare Leadership (NCHL), a non-profit with a focus on improving health by strengthening healthcare leadership. NCHL’s work emphasizes forging collaborations across health systems to identify and share best practices in leadership and organizational excellence.
Flywire was selected by USCIPP as one of only three sponsoring organizations – based on its commitment to supporting the work of USCIPP and its member healthcare providers. As part of the agreement, Flywire will sponsor USCIPP’s Annual Meeting on April 27-29 at UCLA in Los Angeles and offer USCIPP members education and advice on streamlining international patient care payments.
“Flywire operates with the same level of integrity and dedication to patient experience as USCIPP and its member institutions,” said Mike Massaro, CEO of Flywire. “We look forward to supporting USCIPP, engaging with its members and helping to simplify the payment process for both international patients and the institutions that care for them.”
“USCIPP is pleased to welcome Flywire as a sponsor,” said Jarrett Fowler, program manager for USCIPP. “We selected Flywire as a partner in the payments category based upon their reputation for quality, payment expertise, and service. These attributes are considered extremely important by USCIPP’s member institutions.”
Comprehensive Offering for International Patient Payments
Flywire has done extensive research and conducted numerous discussions with US hospitals that focus on international patient care to confirm the needs of both healthcare providers and their international patients. The Flywire for Healthcare payment platform is designed with those needs in mind and offers comprehensive capabilities to help navigate the complex world of global payments:
For international patients, Flywire for Healthcare provides:
- The ability to pay from 220 countries and territories, using their local payment vehicle of choice (bank transfer, credit/debit, etc.)
- Discounted currency conversion rates that can offer significant savings when compared to FX rates offered by banks in their home countries
- A safe, secure, easy-to-use online payment experience backed by 24/7 customer service and mobile/online delivery tracking
For care providers, Flywire for Healthcare offers:
- Automatic international patient bill notification and tracking
- Online refunds on overpayments
- A convenient online dashboard tracking the status of all payments, 24/7
- Daily reconciliations that match each international payment to the appropriate patient/payer
For more information, and a demo of Flywire for Healthcare, contact healthcare@flywire.com.
Flywire, formerly peerTransfer, is a leading provider of high-ticket cross-border payment solutions, connecting institutions on six continents with consumers from around the world. Introduced four years ago as a way for international students to pay their tuition for studies abroad, Flywire is now welcomed by over 900 colleges and universities. The company processes payments from 220 countries and territories, in 70 local currencies. Convenient, fast and secure, Flywire’s scalable cross-border platform accepts bank transfers, online banking, and credit and debit cards − providing currency conversion at exchange rates that can offer significant savings when compared to home-market banks and credit card providers. Committed to a great end-to-end customer experience, the company offers multilingual servicing via phone, email, and chat, as well as 24/7 online payment tracking.
Flywire is headquartered in Boston, MA with international operations in London, Manchester (UK); Shanghai, China; Tokyo, Japan; and Valencia, Spain. For more information, visit www.Flywire.com.
