Dynamic launches new, improved Premium Billing Solution to compliment Enrollment solution in time for Annual Enrollment Period
Irvine, CA – November, 8, 2016 – Dynamic Healthcare Systems, a leading provider of enterprise-wide solutions to health plans participating in Medicare Advantage, Managed Medicaid, and Marketplace programs, has enhanced their Voyager Premium Billing solution to give plans more control and flexibility in managing and reconciling member’s premiums, dues, and payments.
The Premium Billing solution enables Medicare Advantage health plans to effectively manage the premium and dues billing process for their members. The Premium Billing solution can be used by plans to calculate beneficiary premiums and dues, including Low Income Subsidies and Late Enrollment Penalties while providing allocation and reconciliation of member payments received from Social Security Administration, lockbox, Direct Debit, and live checks. Additionally, the Premium Billing solution gives plans the ability to generate custom invoices, statements, and delinquency notices as well as issue refunds. The solution also automatically calculates premiums and dues based on retroactive changes to membership enrollment, Low-Income Subsidies, and Late Enrollment Penalties.
“Dynamic is very pleased with the enhanced features of Voyager’s Premium Billing solution and the additional value that health plans will achieve in managing the comprehensive end-to-end member and premium management process for their Medicare Advantage business,” said Lonnie Hardin, Chief Operating Officer of Dynamic Healthcare Systems. “Effective management of premiums, dues, and payments is an essential factor for succeeding in the Medicare Advantage market,” Hardin added.
Dynamic’s robust solutions, including the new Premium Billing enhancements, provide Medicare Advantage health plans with an enterprise-wide platform that enables plans to automate operations and meet the varied and growing Medicare reporting requirements while also identifying opportunities to maximize revenue. Dynamic’s solutions integrate various sources of health plan and provider data to create a single view of a Plan’s membership. This single view facilitates the delivery of high-quality managed care while helping health plans meet compliance and revenue management challenges.
About Dynamic Healthcare Systems
Dynamic Healthcare Systems, Inc. delivers comprehensive enterprise software solutions and services for health plans with Medicare Advantage, Medicaid, and Marketplace lines of business striving to succeed amid new and evolving regulatory requirements. Headquartered in Irvine, California, the company brings world-class and innovative solutions to companies serving the government-regulated healthcare population. For more information, visit www.dynamichealthsys.com or call 949.333.4565.