Saturday, November 19, 2016

Facets Billing Application Group

Facets Billing application group enables health care providing organizations to establish rules for billing activity. In Facets, billing activity is driven by health care providing organizations' customized specifications regarding billing levels (Group, Subgroup, Individual or Billing Group), billing cycles, fees and discounts, premium rating and volume calculations, production of state­ments, updating accounts receivable and reporting. There is also scope here for alternate funding agreements and calculations. There are more than 20 applications in this group, some of them are the following:

1) Alternate Funding Agreement
2) Batch Receipts
3) Bill Adjustments
4) Billing Carriers
5) Billing Entity
6) Billing Group
7) Billing Message Definition
8) Billing Profile
9) Billing Summary
10) Delinquency Definition
11) Discount Calculation
12) Discount Definition
13) Fee Calculation
14) Fee Definition
15) Premium Reconciliation

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