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.
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