syntel’s health insurance exchange enablement solution
DESCRIPTION
Syntel’s Health Insurance Exchange Enablement Solution enable Payers to build interfaces for various state exchanges and customize their existing systems to support HIX interfacing and business processes.TRANSCRIPT
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The Patient Protection and Affordable Care Act (ACA) empower consumers to choose health plans that suit their individual needs. Healthcare Payers need to realign their strategies to stay competitive in the changing marketplace.
HIX Enablement: Seamlessly Connect Core Platform to Health Insurance Exchanges
BUSINESS BENEFITS
DELIVERING EXCELLENCE
• 25-30%fastertime-to-market,leveragingSyntel’sunderstandingofleadingcoreadministrationproductssuchassuchasTriZettoFacets,IKA,MetavanceandHealthEdge
• 15%lowerTotalCostofOperations(TCO)witheasysetupandmaintenanceofstateorexchange-specificrules,
• EDI/HIPAAcompliantfor820paymentand834enrollmenttransactions
• Reusabletestingrepositorytomanagerecurringsystemchanges
• EnabledHIXenrolmentsforaleadingPayertointegratethreestateexchangeswithmorethanfiveSHOPandsevenfederally-facilitatedexchanges(FFEs)intothelegacycoresystem
• IntegratedaregionaleastcoastPayerwiththestateexchangeandbuiltcustominterfacedtoenablememberenrollmentforaleadingcoreoperationsproduct
HealthcarePayersareredirectingtheirstrategicfocustoassessingthenewmembershipandincreasingtheirmarketsharealongwithshiftingtheiroperationalfocustoimprovingtheirITcapabilities.Thisisnecessarytosupportpost-reformplandesignandmanagement,automatingmanualprocessesusedtoquicklyachieveexchangecompliance.
Withtheshiftinthestrategicandoperationalfocus,Payersfacechallengesassociatedwithintegrationoftheirexistingsystemswiththeexchanges,andcombinedifferentapproachesandprocessesacrossstates.Someofthesechallengesinclude:
• Handlinglarge-scalereconciliationofenrollment,memberandpaymentdata• Trackingseparatepaymentsfromdifferentsourcesforasinglepremiumamountfor
members• Codingandmaintainingstate-specificrulesrelatedtoeligibility,enrollmentand
payments• Identifyingandresolvinggapsinfederalpaymentsduetovariationsinsubsidy
calculations
PayersneedtopartnerwithanexperiencedITsolutionsproviderinthehealthcareindustry,toseamlesslymigratetoanadvancedITplatformandtransformtheirbusinesstowardscapturingandretainingHIXmembers.
Syntel’s Solution
Syntel’s Health Insurance Exchange Enablement SolutionenablesPayerstoaligntheirexistingbusinessprocessesandITinfrastructurewithStateorPrivateHIX.WeenablePayerstobuildinterfacesforvariousstateexchangesandcustomizetheirexistingsystemstosupportHIXinterfacingandbusinessprocesses.
OursolutionenablesthecorefunctionalitiesinvolvedinHIXenablement,including:
Syntel Exchange Enablement Solution
Financial Management
HIX Enablement Solution Plan Management
Enrollment Services
Portals Agent, SHOP, Member
Syntel
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Formoreinformation,visitSyntelonlineatwww.syntelinc.com orcallusatUS/+1 (248) 619-3503, UK/+44 (0) 207-636-3587
HIX Enablement: Seamlessly Connect Core Platform to Health Insurance Exchanges
©2014,SYNTELINC. 052014
WHY SYNTEL ? Syntel’sHIX EnablementsolutionofferscomprehensiveServiceOrientedArchitecture(SOA)basedintegration,remediationandtestingframeworktobuildinterfacesforvariousstateexchanges.
Key Features of our solution includes:• Multi-stateexchangeintegratedwithbackendtablesthroughasingleSOAhub• BusinessRulesManagementSolution(BRMS)tocaptureandmaintainexchangerules• Interfacedesignbuild-upbackedbyarichtradingpartnerintegrationexperience• Ensurequalitycertificationoftransactionsandspeeduptestingphasewithreusable
BusinessProcessTestRepository(BPTR)• BPMdashboardstomonitor,trackandplancompliancelevels,andensuretimely
processes
Health Insurance Exchanges
Syntel HIX Enablement Services
- EDI transaction Interfacing (834 and 820)- Validation of Enrollment & Disenrollment- Pre-enrollment business validations - On boarding with private exchanges or in-house e-stores - Member and Group Portal Enhancement- Remediation of Agents and facilitator/navigator management
- Payment and Tax/premium credit reconciliation- Premium Processing and system updates- Remediation of claims and accumulators systems- Business Rules configuration Benefit, Plan, Product Configuration
- New Plan Performance Analytics and Monitoring- Data Analytics and competitive Analysis- Cross sell and Up sell- HIX and CMS Regulatory Reports including edge server reporting for risk adjustments and reinsurance- Tracking plan compliance levels and discrepancies- Member Retention and Recapture
Enrollment Enablement Core Administration Analytics and Reporting
Payer Membership ,Financial and Adjudication Systems
Payer Systems
Enabled 3 state exchanges , more than 7 federally-facilitated exchanges (FFEs) and 4 SHOPs
End to End Testing Reusable Test Repository Domain-based Business Process Testing Repository (BPTR) framework
Individual Employer Employee
Testing
Edge Server