hCentive, the leader in health insurance exchange solutions, announced the launch of its WebInsure Financials solution for insurance carriers and exchanges.
WebInsure Financials solves the billing, payment and cash management challenges in the post-reform health insurance market with a comprehensive approach that covers all aspects of billing, collection, disbursement, reconciliation and treasury management.
WebInsure Financials comprises two software products – WebInsure Payments and WebInsure Billing. WebInsure Payments simplifies online bill presentment, payments and premium collections with an engaging and easy to use solution.
WebInsure Billing extends this with premium bill generation, accounts management, cash management, disbursement and reconciliation. Additionally, WebInsure Financials integrates seamlessly with other products in the WebInsure suite for health benefits shopping, enrollment, administration and more.
WebInsure Financials provides consolidated billing for a variety of medical, dental, vision, life, accidental death & dismemberment (AD&D), long term disability (LTD) and other ancillary plans from multiple insurance carriers for a simplified and seamless experience. Customers view a single bill with payment options designed to suit specific market demographics.
WebInsure Payments product enables an exchange or insurance carrier to extend the in-house billing process with a customer friendly and automated payments solution. WebInsure Billing product helps carriers and exchanges that are setting up new lines of business, participating in new health insurance marketplaces or augmenting in-house billing process with a rules based, configurable, end-to-end automated billing system.
Both products provide dynamic dashboard-based reporting that offers insurance carriers and exchanges full insight and transparency throughout the billing, payment, reconciliation and disbursement process.
The products offer built-in capability to process payments, print and mail invoices and enable a lockbox where needed. Plug-and-play interfaces allow for changing any pre-built connection with custom or direct integration.