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Insurers Can Increase Revenue Opportunities, Reduce Costs, and Improve Customer Service with New Oracle Insurance Revenue Management and Billing Cloud Service

Корпорация Oracle в СНГ предоставляет полный набор услуг по продаже программного обеспечения Oracle, технической поддержке, обучению, консалтингу, внедрению комплекса Oracle E-Business Suite. В Москве, Киеве и Алмате работает более 170 сотрудников Oracle.
Insurers Can Increase Revenue Opportunities, Reduce Costs, and Improve Customer Service with New Oracle Insurance Revenue Management and Billing Cloud Service Oracle extends the industry’s broadest and most advanced portfolio of cloud offerings with new cloud service for the insurance industry
SIBOS, BOSTON, MASS. and ORACLE OPENWORLD – SAN FRANCISCO – September 29, 2014
News Summary

Today’s insurance marketplace is evolving rapidly, with new reforms in healthcare, more-complex distribution channels, and group product bundling creating a challenging landscape for insurers with legacy systems that struggle to support accurate consolidated billing and revenue management. Oracle Insurance Revenue Management and Billing Cloud Service offers the simplicity and scalability of the cloud, while delivering important insurance-specific features such as improved transaction feed management, enhanced individual and aggregated stop loss calculations, and on-demand billing that make it easier for insurers to bill more efficiently and flexibly to meet customer needs.

News Facts
Oracle today introduced Oracle Insurance Revenue Management and Billing Cloud Service, combining the power of Oracle’s modern, rules-based system for billing, payment and collections management with the simplicity, elasticity and security of the Oracle Cloud.
Oracle Insurance Revenue Management and Billing Cloud enables insurers to improve operational efficiency through seamless and secure application access and stay ahead of the competition with new enhancements including:
Improved transaction feed management: The new solution increases performance by evaluating claim transactions as they come in, fully calculating the fees or discounts daily rather than waiting for the weekly bill cycle. Oracle Insurance Revenue Management and Billing Cloud also improves user productivity by enabling price definition at the group and subgroup levels.
Enhanced individual and aggregate stop loss calculations: To support major health plans, the Oracle solution enables insurers to load claims from the plan’s own customers or from a third-party carrier, where they can be aggregated toward specific stop loss (SSL) or aggregate stop loss (ASL) calculations.
On-demand billing: New cloud service capabilities enable users to create ad hoc invoices for a policy, making it possible for users to control which charges link to the resulting bill.
Supporting Quote
“Payers today are facing unprecedented change in their business driven by healthcare reform, the need for consumer-centricity, nontraditional products and market competition,” said Sonny Singh, senior vice president and general manager, Oracle Financial Services. “Oracle Insurance Revenue Management and Billing Cloud helps insurers and payers rapidly deliver new business practices and products with minimal disruption to existing systems and offers comprehensive pricing, billing, payment reconciliation and collections capabilities on Oracle’s secure public cloud infrastructure.”
Supporting Resources
Oracle Insurance
Oracle Insurance Revenue Management and Billing Cloud
Follow Oracle Insurance on Twitter
Join the Oracle Insurance Community on Facebook
Oracle Insurance on LinkedIn
Subscribe to the Oracle Insurance YouTube channel

 

About Oracle

Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

About Oracle OpenWorld

Oracle OpenWorld San Francisco is the most important business and technology conference of the year for Oracle customers, prospective customers, and partners. This educational conference is dedicated to helping businesses optimize existing systems and understand upcoming industry trends and breakthroughs driven by technology. Oracle OpenWorld offers more than 2,700 educational sessions, hundreds of demos and hands-on labs, and exhibitions from more than 450 partners and customers from around the world showcasing applications, middleware, database, server and storage systems, industries, management, cloud, and infrastructure solutions—all engineered for innovation. Oracle OpenWorld 2014 is being held September 28 through October 2 at the Moscone Center in San Francisco. For more information; to register; or to watch Oracle OpenWorld keynotes, sessions, and more, visit www.oracle.com/openworld. Join the Oracle OpenWorld discussion on Twitter, Facebook, and the Oracle OpenWorld blog.

About JavaOne

The JavaOne conference brings together Java experts and enthusiasts for an extraordinary week of learning and networking focused entirely on all things Java. With more than 550 sessions covering topics that span the breadth of the Java universe, keynotes from foremost Java visionaries, tutorials, and expert-led hands-on learning opportunities, JavaOne is the world's most important event for the Java community. Join the JavaOne discussion on Twitter, Facebook, LinkedIn, and the JavaOne blog.

Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
Contact Info

Valerie Beaudett
Oracle
+1.650.400.7833
Valerie.beaudett@oracle.com

Mary Tobin
O’Keeffe & Company
+1.503.658.7396

mtobin@okco.com


© Издание 12NEWS (ИП Маринин А.Л.) 12news.ru, 2014

Опубликовано 29.09.14 15:01
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