March 20, 2018

Patriot Technology Solutions Implements Pay-as-You-Go Billing Tool for NYSIF

Ft. Lauderdale, FL – Patriot Technology Solutions, Inc., a subsidiary of Patriot National, Inc. (NYSE: PN), recently announced that New York State Insurance Fund (NYSIF), the largest workers’ compensation insurance provider in New York State, has implemented InsurePay, a pay-as-you-go billing tool, to provide real-time payment processing for its workers’ compensation customers.

“We are pleased that NYSIF, a longstanding workers’ compensation provider for more than 100 years, has recognized the value of InsurePay, a solution that allows them to streamline the delivery of policyholder, payroll and premium data,” said Jeff Harris Executive Vice President – Business Development at Patriot National. “NYSIF understands the importance of using best-in-class technology solutions to deliver value to their customers.”

“Growing adoption of InsurePay by leading workers’ compensation insurers is indicative of the competitive advantage that our technology solutions provide to carriers,” said Steven M. Mariano, CEO of Patriot National. “We are using our market leadership to capitalize on growth opportunities and invest in cutting-edge technology solutions.”

Through its secure, cloud-based SaaS platform, InsurePay enables businesses to pay their premiums each pay period based on actual payroll rather than generated estimates. This accurate and flexible approach reduces operational costs for insurance carriers and policyholders as well as benefits agents with a competitive product. Through real-time processing, policyholders can reduce or eliminate large down payments and avoid year-end audit discrepancies, and insurance carriers are able to eliminate billing, collections and auditing costs.

Source: Patriot National

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