Petplan Introduces Direct-to-vet BACS Payments
12 years ago
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Posted
13th July, 2012 11h32
Petplan, the UK’s largest pet insurance provider has recently launched a new service to pay vet claims direct to practice bank accounts via BACS. This new payment method reduces administration for the practice and helps improve cash flow.
Petplan pays out nearly £3 million in claims each week, which is the equivalent of paying £35,000 per year to each veterinary practice in the UK.Paying practices by BACS means that the money is received even faster and there is no administration required by the practice freeing up more time for clinical work.
As part of this new service, practices also receive a detailed statement by email providing a breakdown of the client claims the payment relates to. It’s easy for practices to register to receive claim payments by BACS, simply visit petplanvet.co.uk and complete a short form.
Simon Masding, Petplan’s Head of Sales and Partnerships commented: “Petplan has a great relationship with vet surgeries and we know in the last few years some practices have had increasing pressure on cash flow due to reduced footfall and rising costs. We are constantly looking for new, smarter ways of working to help our partners and wanted to get claim payments to vets even faster.”
Petplan’s Vet of the Year Brian Faulkner added: “Most people become vets because they love to work with animals, and the paperwork is merely a downside of the job. It’s great to see that Petplan has reduced the time we have to dedicate to admin, meaning we can concentrate on the important things, like improving the health of Britain’s pets.”
For more information on this and other services please visit
www.petplanvet.co.ukMore from
