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If your organization produces bills for benefit premiums, you need flexible billing capabilities with options for producing premium calculations, billing frequency and billing benefit types. To help you meet these needs, TriZetto offers the Billing component, which integrates with the QicLink™ system, and serves as a fully automated premium-billing and accounts-receivable system. The Billing component also offers a carrier-reporting mechanism and a tracking device for agent commissions.
Extensive option features allow you to define billing, receivables, aging, lapse, and cash-posting controls and to design invoice layout and content. The Billing component supports Electronic Fund Transfers for automatic premium payment, and provides calculation options for multi-level agent commissions. The solution automatically calculates and adjusts invoices when enrollment notifications are late; updates carrier and agent files when invoices are paid; and provides complete 1099 tracking for processing of agent and vendor commissions.
Benefits
- Increases productivity and eliminates unnecessary work
- Ensures accurate billing by storing appropriate rate information in revision levels
- Eliminates redundant data entry
- Increases efficiency by automatically generating lapse notices or putting claims on hold when premiums aren't paid
- Enables you to run billing cycles simultaneously
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Information
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For more detailed information, please call 1-800-569-1222 or click on the link below.
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