Facets Commission Application Group

The insurance business is unthinkable without commissions. Every insurance company has agents and brokers who sell its products to a health plan’s policyholders. In return, they are given commissions. Facets Commission application group allows Health care provider organizations to define and maintain detailed commission information for these agents and brokers. They can identify individual and group entities and record common information such as licensing, professional history and carrier affiliations, as well as detailed indicative and demographic information. They can also establish commission arrangements, which define the methods, assignments, schedules and agreements used to calculate and pay commission entities. Some of the applications of the Commission application group are as follows:

1. Affiliated Carrier

2. Commission Adjustments

3.  Commission Arrangement

4.  Commission Entity Inquiry

5. Commission Inquiry

6. Commission Schedule

7. Commission Summary

8. Common Commission Entity