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Health Insurance Management Software System
Radix insurance management solutions suite is designed to perform proficiently all the functions of an insurance company. The framework approach that Radix has adapted enables companies to be nimble and agile, and responds quickly to meet their market challenges. The framework provides itself to customer-specific changes, and the externalization of business rules makes it possible for the insurance company to implement business-specific validations.
Radix offers a set of specialized services that are aligned with your vision and business needs.
Our Health Insurance Management System delivers a wide range of solutions and services that enable our clients to achieve their business expectations. We believe in building deep and strong relationships with our clients and are committed to delivering sustainable value in all our services.
Our Approach
Radix - A Health Insurance IT Outsourcing Company provides Health Insurance IT Solutions for healthcare insurance industries, agencies and agents. We offer online health insurance management software system for health care insurance service management. This system can help you for preparing, printing, and mailing, storing and retrieving policy documents in a smoother way. Our online health care insurance administration management can reduce your time and cost in comparison to the manual system and you can sell online health insurance policy from our online health insurance policy sales and management system.
The Solution
Consistent, integrated web based quoting engine : Web based quoting engine is a full-function of browser-based transaction application that allows you to establish a unified, service-oriented process to quote and issue insurance policies. Designed to maximize flexibility and ease integration, web based quoting engine is the robust marketing tool, equipped with dynamic and easy user interface.
For each policy, the insurance details are dynamically created in to PDF documents; those are automatically attached to the policy with descriptions and dates. Thus, the management, underwriting, claims, and authorized external users achieve over 75% time, effort saving. The system also replaces the old-school method of having to go to find a paper based file again.
The following are some of the key features provided by the system.
- Web-enabled data entry
- Ability to view detailed breakdown of premium summary
- Automatic reflection of pre-defined characteristics from the Product Developer and Configuration such as coverage’s, rates, and forms etc…
- Ability to edit and save multiple quote iterations
- Easy transition from quick quote and/or full quote to issued policy
- Document Imaging
In-Force Automation
In-Force Automation encompasses all the business functionality associated with in force transaction processing. The following processes are completely automated by In-Force:
- Cancellation/reinstatement
- Policy correction
- Endorsements
- Renewals and non-renewals
- Detailed policy transaction history including "point-in-time" detail
- Diary, notes and renewal information windows.
- Export data in CSV format.
- Claims Processing
- Claims processing accurately tracks and reports the Losses claimed by customers. Claims module is designed to handle simultaneous claims by sharing data between the policy and claim modules.
- When a new claim is created within the claim modules, the system automatically verifies coverage, coverage limits, deductibles, and aggregates based upon the date of loss.
- The Claim modules allow for complete tracking, review, and reporting of Reserves, Payments, Expenses, Salvage, Subrogation, Losses by Peril and Sub-Peril, Adjuster Diary notes, as well as Statutory reporting, Named Catastrophe tracking, and integrated claim letters that automatically incorporate and merge claim and policy information into the letter.
- Renewals.
- Reports.
Benefits
The following benefits were derived from the Policy Management System developed by Radixweb:
- The client handles his core business with the Radix-developed internet based Policy Management System and the robust architecture enables the client to enhance productivity and affordable costs.
- Manageability of the system is improved because Radixweb consolidates various systems into a single homogenous entity. This technique lessens maintenance cost and ensures lesser downtime.
- All the data residing on contrasting systems is combined and put into a single database. Access is also enhanced and all users could get complete access to any data required any time. Consolidation of data also leads to higher customer service levels and reduction in customer query responses times.
- The application caters to the needs of the users all over France, and this standardizes the administration process.
- Many of the tasks those are earlier being handled manually are automated, presenting significant efficiency benefits to the clients’ operations.
- The automated flow of data between the databases belonging to the two separate modules is transparent and seamless, and this contributes to lower cost.
You can view our case study to get more details.
Case Study :Web Based Healthcare Insurance Policy Sales and Management System
We invite your enthusiastic Inquiries for this concern.