Minneapolis, Minnesota (PRWEB) March 28, 2012
Certifi formally introduced William™ today to the healthcare benefits marketplace. William™ is an integrated Software As A Service (SAAS) solution managing all significant Health Insurance Exchange (HIX) treasury functions.
Core functions include billing, accounting, payment, and reconciliation for individuals and groups. Funding supports premium payment from multiple sources including,healthcare spending accounts, employer contributions, employee contributions, and subsidies.
Complex public exchange requirements including subsidy management and risk-adjusted premium distribution are also supported. The solution will manage both public and private HIX environments, and all benefit types, allowing exchanges to supplement core Medical insurance offerings with additional health and voluntary insurance products.
William™ has been designed to easily integrate with partner systems, including plan selection and enrollment tools, accounting systems, and employer or consumer portals. Support for true accounting principles enforce balanced transactions at every interaction, avoiding costly reconciliation backlogs and negative service impacts.
Certifi will implement and train HIX operations teams to use William™ as a SAAS model, or the HIX may elect to have Certifi operations teams perform all billing and consumer service support functions.
William™ utilizes the latest security and protection protocols and resides in a SAS70 Type II hosting environment. Built as enterprise-class applications, Certifi membership accounting solutions currently support monthly billing for more than 8 million consumers.
Additional information can be found online at Certifi.net or by contacting:
About Certifi (http://www.certifi.net):
Certifi, is an industry-leading Software and Services company created by healthcare benefits experts with over a century of combined experience in information management, compliance and business optimization services. The firm’s areas of focus include Software, Services and Consulting within the health benefits administration domain.