United Payors & United Providers, Inc. - UPUP- Profile

United Payors & United Providers, Inc. is an intermediary between health care payors and health care providers such as insurance companies and hospitals. The company by entering into contractual agreement provides cost savings and other benefits for payors and increased liquidity and improved efficiency in claims submissions for providers. The company offers provider network services, prepayment option program for hospitals, automated claims repricing, single-source interface, provider database, network management services and utilization management services. The company has a network of 2,900 hospitals, 14,500 ancillary health care facilities and 153,000 physicians located in 50 states and the District of Columbia. The company provides its provider hospitals with interest free advances through its prepayment option program. Automated claims repricing helps the payors to automatically reprice a high volume of claims. Its systems capabilities allow a payor client to utilize the company as a single source interface. A provider database is also maintained by the company to track the various transactions. The company assumes wholly or partially of the administration of Payor client's relationship with provider networks. The payor clients can also outsource the company's health care utilization and case management services. During the fiscal 1998, the company acquired ProAmerica Managed Care, Inc. Year 2000 expenses amounted to $5 lakh till now. Provider network services accounted for 74% of 1998 revenues & utilization management services, 26%.