Effective management of premiums, dues, and payments is an essential factor for succeeding in the Medicare Advantage market
Irvine,Ca (PRWEB) November 08, 2016
Dynamic Healthcare Systems, a leading provider of enterprise-wide solutions to health plans participating in Medicare Advantage, Managed Medicaid, and Marketplace programs, has enhanced their Voyager Premium Billing solution to give plans more control and flexibility in managing and reconciling member’s premiums, dues, and payments.
The Premium Billing solution enables Medicare Advantage health plans to effectively manage the premium and dues billing process for their members. The Premium Billing solution can be used by plans to calculate beneficiary premiums and dues, including Low Income Subsidies and Late Enrollment Penalties while providing allocation and reconciliation of member payments received from Social Security Administration, lockbox, Direct Debit, and live checks. Additionally, the Premium Billing solution gives plans the ability to generate custom invoices, statements, and delinquency notices as well as issue refunds. The solution also automatically calculates premiums and dues based on retroactive changes to membership enrollment, Low-Income Subsidies, and Late Enrollment Penalties.
“Dynamic is very pleased with the enhanced features of Voyager’s Premium Billing solution and the additional value that health plans will achieve in managing the comprehensive end-to-end member and premium management process for their Medicare Advantage business,” said Lonnie Hardin, Chief Operating Officer of Dynamic Healthcare Systems. “Effective management of premiums, dues, and payments is an essential factor for succeeding in the Medicare Advantage market,” Hardin added.
Dynamic’s robust solutions, including the new Premium Billing enhancements, provide Medicare Advantage health plans with an enterprise-wide platform that enables plans to automate operations and meet the varied and growing Medicare reporting requirements while also identifying opportunities to maximize revenue. Dynamic’s solutions integrate various sources of health plan and provider data to create a single view of a Plan’s membership. This single view facilitates the delivery of high-quality managed care while helping health plans meet compliance and revenue management challenges.
About Dynamic Healthcare Systems
Dynamic Healthcare Systems provides enterprise-wide solutions to health plans participating in Medicare Advantage, Managed Medicaid, and Marketplace programs. Dynamic’s solutions help its clients optimize plan revenue and quality through the utilization of Dynamic’s rich analytics that identify areas for potential improvement, help maintain compliance through ongoing enhancements aligned with CMS regulations, and enhance operational efficiency through fully integrated solution utilizing a centralized database and integrated workflows. Headquartered in Irvine, California, the company offers comprehensive software solutions, managed services, and professional services. For more information, visit dynamichealthsys.com or call 949.333.4565.