Premier Healthcare Exchange (PHX) was incorporated in 2001. The company provides advanced cost management solutions for health plans that combine claim processing automation with professional services to deliver a timely, centralized approach to healthcare cost management. This approach results in a significant reduction in payment errors, appreciable improvement in the time needed to bring claims to resolution and in savings that substantially reduce the healthcare costs of its clients.
Additionally, through its Pay-Plus® Solutions division, PHX delivers easy, fast and reliable electronic payments and explanation of payments to healthcare providers. Pay-Plus® is the only system designed exclusively for healthcare that combines banking functions, claim payments and claim remittance and integrates with traditional paper processes.
PHX solutions are utilized by industry leading insurance companies, Taft-Hartley Funds, Health Maintenance Organizations (HMOs), Third Party Administrators (TPAs) and healthcare providers. For the fourth consecutive year NJBIZ recognized PHX as one of the fastest growing companies in New Jersey and in 2012 PHX became a four time recipient of the Inc. 500/5000 list of the fast growing private companies in America. Additionally, PHX received the inaugural “Hire Power” Award from Inc. magazine recognizing PHX as one of the top job creators over the past three years, as well as a first time recipient of the NJBIZ Best Places to Work in New Jersey Award.