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HEALTHCARE CARDS DONE RIGHT
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Controlling costs within the Healthcare industry is not the responsibility of any
one company or entity; a key to success will be through innovation. By finding and
deploying new and innovative ways to reduce costs and speed processing, progress
will be made. The card industry has been supporting these initiatives for years
with creative programs designed to speed the payment of claims and simplify the
payment of funds set aside in both Health Saving Accounts (HSA) and Flexible Spending
Accounts (FSA).
CORECARD CoreENGINE PROVIDES THE POWER OF SHARED COMPONENTS
CoreCard’s products are built to sit on top of our CoreENGINE platform, so
that the power of the shared components embedded in this platform is leveraged across
all of our products. Since the CoreENGINE platform provides instant fault-tolerance,
scalability, and ease of use, the Healthcare Card solution is a solid tool to help
providers take control of their card programs. |
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Establishing a Healthcare program only requires configuration of the various components
to meet the requirements of offered programs and products. CoreENGINE interfaces
with industry standard third party programs.
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CORECARD CoreISSUE FOR HEALTHCARE
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CoreCard CoreISSUE configured for Healthcare provides issuers and processors with
the most advanced and feature rich solution for issuing and management of Healthcare
cards. Features include:
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Multiple Purses
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Account & Product Setup and Management
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Transaction Processing
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Credit Management
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Statement Processing
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Clearing and Settlement
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Reports
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Customer Service
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Web Self-Service
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Multi-currency, Multi-language
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For the healthcare industry, CoreISSUE’s plan segments act as “purses,”
which are ways to separate and control funds at the plan level for various purposes.
One purse may be a Health Savings Account and another purse may be set up for prescription
drugs, while a third purse may be used as a Flexible Spending Account. |
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A “Purse Table” is used to define which purses a cardholder is eligible
for and what data elements on the incoming authorization should be used to match
it to a purse. A flexible set of purse rules are used to identify both a primary
and a secondary purse to which a purchase authorization can match. This allows an
incoming authorization that exceeds the available balance on the cardholder’s
primary plan to use the available balance on a second plan to post the purchase
transaction against. An unlimited number of plan segments per account are allowed.
Each plan (purse) is unique and represents a separate balance.
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The CoreCard Suite Of Products Provides Additional Functionality
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CoreCard can provide a complete Healthcare solution if needed by adding one or more
of our other products that support dispute management, collections and sales. CoreENGINE
interfaces with industry standard third party programs.
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CoreDISPUTE
CoreCOLLECT
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Champion/Challenger Recovery Strategies
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Case Management (automatic case presentment and case search facility)
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Collections Automation (letters, optional dialer interface, third party collectors)
CoreSALES
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The CoreCard solutions feature easy to use parameter-driven controls and provide
the ability to set up any amount or type of programs to manage your transactions
and accounts. The Healthcare solution can help issuers and processors realize
fast and measurable ROI, react rapidly to evolving market dynamics and product offerings,
and attract and retain lucrative programs.
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