Mastercard teams with HealthLock to fight medical bill fraud and errors
Mastercard (NYSE: MA) has begun a partnership with HealthLock designed to protect Americans against medical bill fraud, claim errors and overcharges.
The HealthLock platform enables consumers to monitor all health care claims in one place. In this partnership, HealthLock”™s analytics-backed health care services will be available on U.S.-issued HSA and FSA Mastercard cards, with plans to expand to other programs later in the year.
In addition to a no-fee service, Mastercard cardholders will receive a 90-day free trial of HealthLock”™s premium service and preferred rates for subscriptions.
“Mastercard has deep experience in combating fraud and a relentless approach to innovation in data security. This partnership with HealthLock offers millions of our cardholders in the U.S. the knowledge that their medical data is safeguarded, and their healthcare payments and claims are accurate and secure.” said Ajay Bhalla, president, cyber and intelligence at Purchase-headquartered Mastercard.
“More than half of medical bills contain errors.” The healthcare system is increasingly complex, chaotic and costly,” said HealthLock CEO Scott Speranza. “For the last 10 years, our mission has been to make health care simpler and more secure. This partnership with Mastercard enables HealthLock to ensure millions more people don”™t have to pay more than their fair share.”