TC3 Health Notes Compliance Technologies for Claims Payers Under the Patriot Act

California-based TC3 Health LLC, an industry provider in loss control and integration technologies, announced the immediate availability of OFACsecure, a compliance tool for health care payers designed to meet the federal guidelines under the USA PATRIOT Act (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism).

The Treasury Department’s Office of Foreign Asset Control (OFAC) has been designated to administer, publish and enforce the master list of Specially Designated Nationals and Blocked Persons (SDNs) that prohibits U.S. underwriters, brokers, agents, primary insurers, reinsurers and U.S. citizen employees of foreign firms in the insurance industry of making or receiving or any contribution of funds, goods or services for the benefit of persons designated as SDNs.

Payers are required to screen provider and member data against the SDN master list and to notify OFAC of a match or block the assets. OFACsecure is an automated screening tool that utilizes TC3’s proprietary technology and alerts the compliance office of potential regulatory requirements. OFAC regulations are promulgated under federal law and Presidential Declarations and thereby pre-empt state insurance regulations.

Founded in 2000, TC3 Health LLC (Total Claims Capture & Control) provides health care payers with a total claims management solution that electronically integrates claim transaction systems with external loss control programs.