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Health Insurance Exchange (HIX) Payment Administration Solution PowerPoint Presentation
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Health Insurance Exchange (HIX) Payment Administration Solution

Health Insurance Exchange (HIX) Payment Administration Solution

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Health Insurance Exchange (HIX) Payment Administration Solution

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Presentation Transcript

  1. Health Insurance Exchange (HIX)Payment Administration Solution

  2. 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

  3. Industry Leadership and Scale

  4. 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

  5. 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

  6. 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