Type of site. Axios (stylized as AXIOS) is an American news and information website founded in 2016 by Politico co-founder Jim VandeHei, Politico's former Chief White House correspondent Mike Allen, and former Politico Chief Revenue Officer Roy Schwartz. The site's name, based on the Greek word for worthy, officially launched in 2017.
What is a 'Clearing House'. A clearing house is an intermediary between buyers and sellers of financial instruments. Further, it is an agency or separate corporation of a futures exchange responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery, and reporting trading data.
Clearinghouses receive rebates paid by the insurance companies for every claim that's submitted electronically to them. Insurance companies do this to encourage electronic billing and cut the cost of manual processing.