Philhealth, Landbank ink MOA on auto-credit payments

MANILA, Philippines - The Philippine Health Insurance Corp. (PhilHealth) signed recently a memorandum of agreement with the Land Bank of the Philippines (LBP) to facilitate the mandatory implementation of the Auto-Credit Payment Scheme (ACPS) for the health insurance claims of PhilHealth-accredited health care institutions (HCIs). The MOA calls on newly-accredited government and private HCIs to open accounts with LBP through which their PhilHealth claims will be paid. PhilHealth president and chief executive officer Alexander A. Padilla is shown exchanging copies of the signed MOA with LBP president Gilda E. Pico. Also in photo are PhilHealth OIC-senior vice president for health finance policy sector Dr. Francisco Z. Soria, Jr. and LBP EVP for branch banking sector Jocelyn DG. Cabreza.