Case Study: Sana scales healthcare payment operations with Modern Treasury
Key results
The challenge
Sana provides self-insured health care and employee benefits to small and medium businesses, covering 230 businesses and more than 8,000 employees. Initiating, tracking, and reconciling premium and provider payments at scale is difficult, and in healthcare there is little room for error.
The solution
Sana chose Modern Treasury to automate the complex payment flows involved in administering health insurance plans, integrating payments directly into its platform to fund and track premium payments from employers and reimbursements to providers, with real-time monitoring via the web app.
“It used to take us three days each month to get through a close and reconciliation process.”
WYWill YoungCo-founder, Sana
The results, in context
According to Modern Treasury's published case study, Sana processes more than $40M in payments annually and reconciles over 1,000 payments per customer every month. By avoiding the maintenance and support of a homegrown payment operations solution, Sana reports $150k in annual savings.