Mastercard Inks Pact With HealthLock To Curb Medical Billing Errors, Overcharges

Mastercard Inc MA inked a pact with HealthLock to launch an online platform for protecting consumers from healthcare fraud, overcharges and medical billing errors.
The partnership will initially open HealthLock's analytics-backed healthcare services to U.S.-issued HSA and FSA Mastercard cards.
Consumers who link their insurance accounts to the HealthLock platform can monitor all healthcare claims in one place.
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The platform helps to organize every medical insurance claim through one user-friendly dashboard.
"This partnership with HealthLock offers millions of our cardholders in the U.S. the knowledge that their medical data is safeguarded, and their healthcare payments and claims are accurate and secure," said Ajay Bhalla, president of cyber and intelligence at Mastercard.
The companies have plans to expand to other programs later in the year.
MA Price Action: Mastercard stock was down by 0.11% to $385.15 at publication Monday.
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