View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
August 12, 2009

Oracle unveils Revenue Management and Billing for Health Insurance

Claims to streamline the processes for billing, payments and collections

By CBR Staff Writer

Oracle has launched the Revenue Management and Billing for Health Insurance that provides healthcare payers with a new system for consolidating their billing infrastructure to optimise customer service and profitability.

Oracle said that its new offering helps healthcare payers to focus on increasing revenue and reduce costs, by enabling streamlined processes for billing, payments and collections.

According to Oracle, the Revenue Management and Billing for Health Insurance helps meet healthcare payers’ demands for consolidated billing management capabilities that enable multi-channel strategies and increase cross-selling opportunities. It enables cross-policy adjustments to provide a complete view of customers’ billing interactions.

The company said that the new offering helps healthcare payers to improve enterprise revenue management and reduce overall cost of ownership by supporting various lines of business on a single platform. It allows users to minimise the manual, back-office activities required to process bill inquiries and adjustments and integrate with existing policy administration, financial accounting and payment systems to streamline business processes.

Oracle PartnerNetwork Certified Advantage Partner CSC, is supporting the introduction of Oracle Revenue Management and Billing for Health Insurance by creating requirements and data models that address the healthcare requirements.

Oracle said that its web-based self-service and e-billing capabilities give customers, agents and brokers improved access to information and a choice of channels for conducting business with healthcare payers – reducing the overall number of billing inquiries and adjustments. The system incorporates built-in business process management tools to ensure consistent interaction with customers and accelerate billing reconciliation.

Joe Morgan, vice president of Oracle Financial Services Global Business Unit, said: “Oracle Revenue Management for Health Insurance delivers a flexible, best-in-class solution that helps healthcare payers meet their most pressing business challenges and deliver the superior levels of service required to develop long-term, successful relationships with customers and members.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU