Wednesday, November 16, 2016

Accounting Application Group in Facets

 Accounting Application Group in Facets
No business can run  properly without smooth transfer of money. Now-a-days health insurance market is very challenging. One of the challenges is to make payments to different service providers. Health care providers/insurance companies are at the bottom of health insurance market. They need such a tool that will help them to make their payment activities smooth and fast. Accounting application group in Facets is such a tool that makes  payment activities smooth, accurate, secured and fast. The applications of Accounting application group are as follows:
Ø  Account Description
Ø  Accounting Period
Ø  Bank Account
Ø  Check Numbering Process
Ø  GL Account Mapping
Ø  Line of Business
Ø  Payment
Ø  Payment Reductions
Ø  Payor


These applications together allow health plans to configure payments, including bank account information and rules for payment processing, to view and update payment information once a payment has been made. Payment activity for any function in Facets is set up in the Accounting applications.

2 comments:

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  2. Thank you for sharing this article. It is helpful to know more about Professional invoice estimates app. It helps to create invoice estimation very easily.

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