In much the same manner as ATM and online banking capabilities revolutionized the banking industry, and Web 2.0 and Web 3.0 are defining a generation by changing business processes, communications, cultures and opportunities, HERAE offers the same promise to the healthcare and banking industries.

HERAE sees the financial healthcare frontier evolving at an incredible rate of speed over the next few years. The intersection of new technologies with the demands for online platforms that will create access to resources as well as efficient and cost-effective billing systems will revolutionize the industry for billing, re-association, payment processing and deposits – and HERAE will lead the charge.

This revolution could be compared to the current “cloud computing” or “utility computing” that is key to the current growth strategies for giants such as Google, Microsoft and Amazon.com, all of which are investing heavily in the development of open environments for consumers and enterprises.

The HERAE platform provides patent-pending healthcare payment software services, processing and storage of claim data, connections to payers, and HIPAA-compliant electronic payments and deposits on-demand over the Internet. No software resides on the healthcare provider’s or the banker’s PC, but instead on robust servers that are reliable, maintained and secure. This enables the healthcare system to trade-in its limited billing, payment and deposit systems (still mired by paper, redundant tasks, onsite servers and data centers) to access an inexpensive, standardized, scalable, pay-per-transaction system as easily as they access electricity or water.