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Medica Enrollment and Billing.pptx

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Medica Enrollment and Billing.pptx

  1. 1. © FIRSTSOURCE 2023 | CONFIDENTIAL | 1 Enrollment & Billing Overview
  2. 2. © FIRSTSOURCE 2023 | CONFIDENTIAL | 2 Endto EndServiceProviderforEnrollmentProcesses Improve STAR Rating | Reduce Cost of Operations and Print | Reduce Member Calls End 2 End Services Mailroom Processing, EDI, Enrollment, Billing, ID Cards, Compliance, Hyper Automation Member Churn Reduce member churn and predict member behavior from historic data and market trend by using Data Analytics Operational Powerhouse Track, administer and reconcile transactions/members from Group set up to Enrollment to ID cards and letters to ensure compliance and improve CX Automation Minimal manual touch through automation at various stages from Enrollment to submission to CMS and to ID card/letters to improve accuracy and member experience. Business Outcomes
  3. 3. © FIRSTSOURCE 2023 | CONFIDENTIAL | 3 EnrollmentandBillingExperienceandCredentials 4 M+ Volume Processed Annually 8 Health Plan Clients 99.9% Accuracy for CMS Acceptance 99.9% TAT Compliance 980 Experienced Examiners 99.6% Enrollment Accuracy 99.9% Billing Accuracy 99.7% Recon Accuracy Member & Group Recon and Inquiry Sales Agent Mgmt/ Broker Setup Benefit Validation & Testing New Member Enrollment Member/ Groups Renewals Reconciliation Missing Information Rejection Data Capture PROCESSES Data Enrichment Reporting Billing Installation & Reconciliation LOBs - Medicare, Medicaid, Commercial, ACA, FEP Platform Agnostic HealthRules | QNXT | Facets | ELEMENTS | AX | EZR | EDS | MHS | BizTalk | Pega | SSRS
  4. 4. © FIRSTSOURCE 2023 | CONFIDENTIAL | 4 MembershipValueChain • Business Rules Configuration • New Group Addition • Benefit Changes • Group maintenance • Yearly renewals • Member Addition • Member Modification • Member Disenrollment • EDI / OEC / Paper processing • Eligibility verification& maintenance • ID card and Welcome Kits • PCP • Newborn • Invoice Generation • Premium Billing • Cash Posting • Payment Reconciliation • Research Payment • BEQ validation • TRR/TRC processing • MPWR processing • FRM process • Subsidy management • RFI/LIS/LEP • CMS and State Governance • Daily Inventory Monitoring • Daily Aging Review • System Application Recon Process • Letter Tracking • Client Visibility / Reporting Group Set Up Enrollment Processing Billing & Reconciliation CMS Processes Governance Model Agent Management • Broker Addition • Maintenance (Renewal, Terms, Demo changes) • Group Affiliation • Commission Payment Adjustments Broker management – only for commercial • Commission decided by the client for commercial but for Care based on CMS guidelines • DFS – department of Financial Services • Commissions – approx. 4% of the premium, FMO - Field Marketing Organization
  5. 5. © FIRSTSOURCE 2023 | CONFIDENTIAL | 5 EnrollmentInventoryDashboard
  6. 6. © FIRSTSOURCE 2023 | CONFIDENTIAL | 6 EnrollmentPerformanceDashboard
  7. 7. © FIRSTSOURCE 2023 | CONFIDENTIAL | 7 EnrollmentQualityDashboard
  8. 8. © Firstsource Solutions Limited | Confidential | www.firstsource.com Helping customers stay ahead of the curve through transformational technologies and capabilities Firstsource Solutions Limited, a RP-Sanjiv Goenka Group company, is a leading provider of transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology and other industries. Our ‘Digital First, Digital Now’ approach helps organizations reinvent operations and reimagine business models, enabling them to deliver moments that matter and build competitive advantage. With an established presence in the US, the UK, India and the Philippines, we act as a trusted growth partner for over 100 leading global brands, including several Fortune 500 and FTSE 100 companies.

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