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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 |
| 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: |
- Multiple Purses
- Account & Product Setup and Management
- Transaction Processing
- Credit Management
- Statement Processing
- Clearing and Settlement
- Reports
- Customer Service
- Web Self-Service
- 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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