VISOVA’s integrated billing system provides you with the tools to manage: Individual, Group and PEO/MEWA Style billing.
- Flexible premium rate and fee structures
- Custom billing statements
- On-line history of all billing activity
- Automated retro-active adjustments
- Flexible broker commission structures
- Pro-rating and multiple billing modes
- Mid-month start and termination
- Late-payment and NSF fees
The billing system supports an unlimited number of user-defined products including Medical, Dental, Vision, Life, STD, LTD… any products you may have.
FLEXIBLE RATE CALCULATIONS
The system supports an unlimited number of fees and premium components. In addition, it provides mass copy/change functions within the billing system to significantly contribute to improved accuracy and productivity. VISOVA’s flexible rate structures allow rates based on: Age, Network, Plan, Sex, Product, Rate Tier, Group, Carrier, Area, Dependent Coverage, Volume, Salary, Department, Risk Factors, And more…
- Automated Check deposit and payment posting processing
- Trading partner integration for ACH/EFT, Credit-Card, Lock-Box and proprietary interfaces
- Automated payment posting
- Granular Collection and posting history
- Balance forward and Net-invoice accounting
RECEIVABLES MANAGEMENT VISOVA
automatically posts receivables, determining how the monies are to be divided and to whom the monies are to be dispersed. Money can also be distributed manually. Full function check processing with check register and on-line viewing of current and historical activity is supported. VISOVA can also interface with third party check-writing software.
allows you to define Broker arrangements with multi-tiered commissioned participants and percentages. Produce commission statements, checks, and 1099 based upon posted payments. Commission history is retained for reporting and automated adjustments.