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Healthation Selected to Deliver Financial Management System for Three State-Based Health Insurance Marketplaces
<0> Jacobs AgencyNikki Snodgrass, 312.664.5000 x 139 </0>
Healthation, a leading provider of core administrative systems for legacy and emerging healthcare payers and administrators, has been selected to provide their financial management system to three state-based health insurance marketplaces or exchanges. The Healthation system to be used by these marketplaces will perform various financial management functions that include invoice generation, invoice aggregation, premium collection, premium processing and disbursement.
“The selection of the Healthation platform by three state-based marketplaces is testament to their confidence in our ability and the value of our advanced financial management capabilities, and we are pleased to have been designated to deliver it to this critical component of the Affordable Care Act,” said Darin LeGrange, President and CEO of Healthation. “Moreover, we are delighted to be partnering with a world-class systems integrator on these implementations to ensure that our shared customers meet the October 1, 2013 deadline for all marketplaces to begin accepting enrollment.”
Healthation’s sophisticated financial management system, which includes Advance Premium Tax Credits (APTC) and Cost Sharing Reductions (CSR) management, marketplace administrative fees processing, and Individual and Small Employer Health Options Program (SHOP) enrollment and eligibility processing, will help these marketplaces achieve their charter as one-stop resources that enable individuals, families, and small businesses to gain access to high quality health insurance.