On Monday, shares of Bank of New York Mellon Corp (NYSE:BK), subtract -0.04% and shut at $47.42 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $47.24 and $47.59. BNY Mellon, a global leader in investment administration and investment services, declared the launch of its automated medical claims payment platform for its property and casualty insurance clients. Payments will be generated through electronic funds transfer, virtual payment card or paper check, with the potential of significantly reducing paper-based payments.
The new system uses technology from Jopari Solutions Inc., a healthcare technology company, that has been integrated into BNY Mellon’s Treasury Services payments platform and is compatible with medical claim processing systems widely used in the healthcare industry. This technology identifies the preferred method of transaction by health care providers, a feature that assists expedite and automate claim payments.
“Health care providers are driving the growth for modern payments systems,” said Anthony F. Brady, head of global product administration for BNY Mellon’s Treasury Services business. “They are looking for efficient systems that reduce costs and payment times and are compatible with regulations governing property and casualty and worker’s compensation businesses and medical claim payments. This fully automated system is now integrated with our global payments platform to deliver standardized property, casualty and workers’ compensation payments.”
Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL), added 3.09 % and shut at $19.36 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $18.98 and $20.00. The association’s commercial center capitalization is $10.81 Billion with the general uncommon loads of 1.52 billion. Melco Crown Entertainment Limited, through its auxiliaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 1,250 gaming machines; about 1,400 hotel rooms and suites; a wet stage performance theater with about 2,000 seats; about 30 restaurants and bars, and 70 retail outlets; and recreation and leisure facilities, counting health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has about 124 gaming tables and 62 gaming machines; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 200 gaming tables and 1,175 gaming machines in Cotai, Macau. Further, the company owns and operates 7 Mocha Clubs with 1,259 gaming machines, in addition to Taipa Square casino in Taipa Island, Macau. In Addition To, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila.