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Health Insurance Exchange (HIX) Payment Administration Solution. Introduction – FIS Benefit Solutions. Company Facts Division of FIS Global FIS has signed an agreement to sell the division to Lightyear Capital; expected to close at the end of 3Q2012 150+ FTEs

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Presentation Transcript
introduction fis benefit solutions
Introduction – FIS Benefit Solutions
  • Company Facts
  • Division of FIS Global
  • FIS has signed an agreement to sell the division to Lightyear Capital; expected to close at the end of 3Q2012
  • 150+ FTEs
  • Diverse base of over 530 customers across the payer, provider, financial, and TPA sectors
  • FIS Benefit Solutions is one of the largest, most scalable platform provider of software, services, and card-based technologies for healthcare payments
  • The Company has long been viewed as a pioneer in the healthcare payments sector with a suite of solutions that offer substantial value in the areas of:
    • Benefits Administration
    • Payment Processing
    • Multi-Functional Multi-Purse Cards
    • Payment Output Solutions `

Benefits

Administration

Provider Payer Consumer Financial TPA Employer

Multi-Functional

Multi-Purse Cards

Payment

Processing

Payment

Output

Solutions

Technology Solutions

Benefit Solutions

product and services overview
Product and Services Overview
  • FIS offers products and services in the following broad categories:
    • Health benefits administration
      • Tax-advantaged health benefits
    • Payment processing solutions
    • Payment output solutions
    • Health ID and multi-purse cards
  • These solutions are utilized by industry participants in the following end markets:
      • TPAs
      • Commercial health insurers
      • Financial institutions
      • Healthcare providers
      • Consumers
      • Employers

Benefits

Administration

Provider Payer Consumer Financial TPA Employer

Multi-Functional

Multi-Purse Cards

Payment

Processing

Payment

Output

Solutions

Technology Solutions

Benefit Solutions

A comprehensive suite of benefits administration software that is tightly coupled with industry leading card and payments technology

our focus payment administration
Our Focus - Payment Administration

HIX Functional Attributes

  • Consumer Engagement / Decision Support
  • CRM / System of Record
  • Call Center
  • Benefits Aggregation
  • Integration
      • Payment Administration
  • Reconcile participant / employer receivable
  • Reconcile payer liability
  • Distribute funds to payers
  • Enrollment file
  • Premium invoice

BenSoft

  • Premium invoicing file
  • Consolidated remittance file
  • Invoice presentment -print & online
  • In house print facility
  • Physical payment collection, deposit & processing

DMS

Remit Manager

BillPointe

  • Online payment acceptance
  • Online payment remittance file
slide6

Thank you…..

Please feel free to contact me if you would like to learn more

Bill Barbato

Strategy & Product Management – FIS Global

Bill.Barbato@FISGlobal.com