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FACT announced immediate availability of the TPA Solution, enabling TPA companies to deploy its business with the latest updates in managed care industry. Service Providers, Insurance Companies, Re-insurance Companies and most important the Insured Members will all benefit from the managed care concept, while enabling an ethical business practices.
FACT TPA Consultants and Card Systems Consultants decided to design a product that covers a third party administration full cycle starting from building the network, to developing plans and products enabling automatic policies production, tracking claims and settlements, full management to the insurance companies, agents and reinsurer”
Covered Operations
§ Coding
§ Networks and Service Providers
§ Accounting
§ Clients
§ Underwriting
§ Production
§ Pre-approvals
§ Claims Management
§ Brokers
§ Carriers
§ Re-Insurance
§ MIS
TPA Features
§ Web-based
§ Multi-branch
§ Multi-currency
§ Multilingual
§ User defined chart of account
TPA Strengths
§ Open database platform
§ Robust multi-level security
§ High performance
§ Highly scalable
§ Modular architecture
§ Fully parameterized
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