There is no more pressing issue in today's national conversation than the subject of accessible, affordable healthcare. For American business, the need to contain rising healthcare costs is especially acute. This means not only reducing premiums for business and individuals but creating efficiencies at the carrier/payer level.
Today, fewer than 10 percent of claim transactions are transmitted electronically, and over 47 million people are uninsured. The Bancorp Bank has customized solutions to help. We have been a technology innovator and an online banking resource since our inception, and we have an unprecedented ability to help regional and small-to-mid-size carriers, TPAs, and benefits administrators develop and leverage the kinds of platforms, processes and products they need, and that are available to much larger players. As a result, we have quickly become a leader in offering integrated financial healthcare solutions.
When technology is married to the most creative and, in many cases, customized financial products and services, everybody benefits. These solutions include but are not limited to health savings accounts, employee benefit cards, and electronic remittance payment processing. Although offerings such as these are not unique, The Bancorp Bank brings a whole new level of service, integration and communication to its partners. And because what we do functions within our private-label structure, these benefits accrue to each partner's brand.
