Health Insurance Claims Management Software for TPA (2024)

Health Insurance Claims Management Software for TPA (1)

"SATA"- software for health insurance, stands as a leading comprehensive health insurance claims management software system designed for third-party administrators and insurers, facilitating seamless policy and claims management, hospital network analysis, accounting, and comprehensive 360° reporting. Developed in 2005, the health insurance management software system has undergone several functional and technological advancements, covering around 8 million lives and handling over 110,000 claims.

As a web-based application, our health insurance software for TPA’s, SATA is integrated with TPA websites, allowing external users like Hospitals, Corporates, Brokers, Agents, and Customers to access their status and reports through the website login section. The health insurance claims management software system offer policyholders timely notifications for policy renewal and termination via SMS.

With SATA our software for health insurance, managing policy details from insurers, ID card preparation, tracking, dispatch, employee endorsem*nt, and importing policy data from Excel files becomes effortless. The health insurance management software system maintains a comprehensive record of network hospitals, including hospital details, tracking blacklisted hospitals, recording discount offers, and conducting claim analysis.

Our health insurance claims management software enables efficient management of health insurance claims, from intimation receipt to Health, Scrutiny, Billing, Settlement, preparation, and dispatch. The health insurance software for TPA’s also assists in generating checklists for scrutiny departments.

Noteworthy clients like Ericson TPA Healthcare Pvt Ltd in Mumbai and Happy TPA Limited in Kolkata have placed their trust in our reliable health insurance management software system, SATA.

  • SATA is the kind of ERP solutions for third party administrators for claims management, analysis, accounting as well as 360° reporting to TPA, insurers, hospital, corporate, individuals, brokers & agents.
  • SATA is a web based application, which needs to hosted on web server and it has to be integrated with TPA website so external users like hospital, corporate, broker, agent and customer can view their various status and reports from the website login section.
  • SATA software is the key piece to insurance company’s competitive Edge that is catering various aspects of health insurance policies for group and individual policyholders. It can notify your policyholders about policy renewal date and even send SMS if a policy is terminated.
  • Our health insurance software is helpful to manage all policy details received from insurers, preparation of ID cards, tracking of ID cards, dispatches of the cards, endorsem*nt of employees and import policy data from excel files.
  • SATA health insurance software maintains the record of network hospitals which includes hospitals detail entry, tracking blacklist hospitals, record details of discount offered and claim analysis.
  • It is specially developed to manage all aspects of claims related to health, scrutiny, billing, settlement, preparation and dispatch. Our software for health insurance manages receiving claim intimations and preparation of check list for scrutiny department.
  • This product is being used by safeway TPA services (p) limited, ericson TPA healthcare pvt. Mumbai, padre pio insurance service uganda.

Some of the key features of SATA are:

  • Comprehensive policy data management
  • End to end claims management starting from intimation of claims to the reimbursem*nt of payments to insured or hospitals.
  • Comprehensive accounts management through our multi-currency financial accounting system SiFAMs.
  • Inbuilt document management of soft files. complete file processing electronically if required.
  • Integrated SMS and email management. Sending emails and SMS at various steps to insured.
  • Flexibility of customization to suite your requirement and changes requested by growing business process, insurers, regulators etc.
  • Process Flow
  • Modules
  • Technologies

Health Insurance Claims Management Software for TPA (2)

Health Insurance Claims Management Software for TPA (3)

  • SATA has been build using microsoft .Net framework 3.5 technologies using C#.
  • Microsoft SQL server 2008 is being used as database in all of our applications, Which is one of the most trusted database in the world.
  • SAP crystal report 2008 is being used for reporting in SATA applications which helps in making more versatile reports for user.
  • XML is also being used in business intelligence section to generate various reports.

Data Processing

  • This module is for processing of data received in hard or soft form from insurers. key functions in this module are:
  • Import of policy data to SATA either by manual policy data entry or import through excel or CSV files.
  • Scanning of photographs for ID cards or real time smart card preparation.
  • Preparation of ID cards and delivery of the same to insured.
  • Endorsem*nt of employees or insured, manually or through excel/csv files received from insurer.
  • Attachment of files or data received from insurer to a policy.
  • Renewal tracking of the policy data.
  • Ensure proper availability of data to claims department as and when required.

Hospital Networking

  • One of the primary job of TPA is add good hospital to its network, who can provide best treatments on best rates benefiting insured and the insurer both. Key function in this section are:
  • Registration of hospital to SATAOnline.
  • Maintaining packages and rates offered by hospital.
  • Maintaining discount, credit limits, and other terms and conditions mutually set with the hospital.
  • Management of fee or security collected or remitted by or to hospital.

Claims

  • Process in this section starts when an intimation / information or file received for claim. key functions here are:
  • Generation of claim ID for a claim.
  • If type of claim is cashless then pre-authorization of funds for networked hospitals based on balance sum insured, disease or package requirement, policy conditions, claim history etc.
  • Receiving of bills, and other documents required for processing of documents.
  • Attachment of bills and other documents collected from insured or hospital to SATA through scanning.
  • Forwarding the claim file to scrutiny department.

Scrutiny

  • In today’s scenario when incident of manipulation and frauds are increasing, importance of scrutiny department became more significant. Key functions in this section are:
  • Preparation of check list for scrutiny of claims.
  • Auditing of claims documents, bills and other records.
  • Generating queries if any and asking for additional documents and clarifications from insured/hospitals.
  • Based on final scrutiny setting of status of claim for further action:
  • Settlement of claim: Proceed to billing and accounts.
  • Rejection of claim: Issuance of denial letter specifying the reason of denial.

Billing

  • Billing department is key department in ensuring the claimed amount passed by the scrutiny department. Key functions of this section are:
  • Billing of the claimed amount passed by scrutiny department.
  • Ensuring hecks applied in the system for various limits on sum insured, disease, packages and treatment plans etc.
  • A final check on claim papers before proceeding the claim file to accounts department for payment remittance or cheque preparations.

Accounts

  • In any organization accounting is the key functions. Accounting function here can be divided into two major sections, which are:
Business accounting:
  • Integrated part of SATA for preparation of cheques/DD or remittance of funds to hospital/insured/customer accounts.
  • Management of float funds received from insurer.
  • Billing of TPA service to insurer and reconciliation of the same.
  • Receiving of the service Fee.
Financial accounting:
  • We have our own multi-currency financial accounting system SiFAMs already being used hundreds of clients.
  • It can be fully integrated with SATA to manage financial accounting to generate trial balance, P&L and balance sheet from the system.

Support Desk

  • Some of the key feature in support desk module is:
Call centre & File management:
  • SATA assist you in managing physical files or box files. You may keep the files and its document details in SATA and get the system generated file number.
  • Store files based on system generated file numbers.
Inward/Outward document management:
  • This section of our TPA software SATA help you in tracking of inward and outward couriers and packets from or to your office.
  • Track movement of file and find physical location of your files.
  • Manage courier company billing.
  • Analysis of inward and outward documents.

MIS

  • Ultimate thing which we want from any software is the powerful reporting system. in SATA we have three defined type set of reports in MIS section :
Management reports:
  • Internal reports for TPA management and business analysis.
  • Claim status and float status reports.
  • Various claim analysis reports.
Regulatory reports:
  • Reports required by regulators on regular interval or time to time.
Insurer Reports:
  • Reports asked by each insurer in their given formats.

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Health Insurance Claims Management Software for TPA (2024)

FAQs

What software is used for TPA? ›

PLEXIS' Third Party Administrator software delivers powerful risk management tools to empower TPAs with extensive control over the process of claim adjudication and resolution.

What software do claims adjusters use? ›

Adjusters and insurance companies all use Xactimate to help process property claims. Xactimate can help an adjuster to document property damage. By using the software, an adjuster can both sketch out property details, as well as create loss estimates.

How much does claims management software cost? ›

Insurance Claims Management Software Price

The cost of Insurance Claims Management Software can range from $10/user/month to over $200/user/month.

What is healthcare claims management software? ›

Healthcare claims processing software improves operational efficiency by automating all the manual and repetitive tasks, ensuring accuracy. It decreases mistakes and increases the overall speed of healthcare claim processing.

What is an example of a tPA activator? ›

Examples of these drugs include alteplase, reteplase, and tenecteplase. Indications for the use of tPA include the following: Ischemic stroke (most common) in patients presenting to the treating facility within 3 hours (4.5 hours in certain, eligible people) after the onset of symptoms.

What is generic for tPA? ›

Known by the generic name alteplase and marketed as Activase® (Genentech), tPA is given to patients through an IV in the arm, and it works by dissolving blood clots that block blood flow to the brain.

Who uses Xactimate software? ›

Insurance company adjusters use it to calculate building damage, repair and rebuilding costs. Adjusters use Xactimate to generate loss estimates and claim settlement offers. Xactimate® is, however, generic software that is best suited to tract homes.

Who uses Xactimate? ›

Xactimate, similar to Symbility, is another estimating software program commonly used in the insurance industry by both public adjusters and insurance companies. Xactimate works by allowing public adjusters to input various details about the damage, such as measurements, materials, and labor costs.

What insurance companies use Xactimate? ›

Xactimate is a construction pricing software/database that most major insurance companies use to write up claims. Chances are very great your claim was written on this software. State Farm, Allstate, Liberty Mutual, Safeco, USAA, all use this software.

What is the average cost per claim? ›

The Average Cost per Claim KPI measures how much your organization pays out for each claim filed by your customers. With this KPI (as with other insurance KPIs), it's important to categorize based on the type of claim, since each type of claim will differ in cost.

How much is healthcare software? ›

Overall Costs
Cloud-Based SoftwareHosted Software
$4,000 - $16,000 for first year $2,000 - $10,000 for years after first$8,000 - $25,000+ for first year (not including IT help) $1,500 - $3,500 per year after first (not including cost of IT help after first year)

What is the average cost per claim method? ›

The average cost per claim (ACPC) method is one such tool. Since it concentrates on incremental instead of cumulative payments, it allows us to deal with situations where inflation is variable rather than a constant. And it can also account for different possible assumptions about future inflation.

How does medical billing software work? ›

Medical billing software is a MedTech solution that automates medical billing tasks and optimizes business management processes. These tools automate conventionally manual practices, such as billing and claims management.

What is health insurance claims processing? ›

The process of obtaining all the information necessary to determine the appropriate amount to pay on a given claim. Process of determining an insurance company's liability for each claim.

How do health insurance companies adjudicate claims? ›

Claims Adjudication Occurs between a Healthcare Provider Submitting a Claim to a Health Insurance Company and the Insurance Company Making a Payment Back to the Provider. Approximately 85% of Claims are Adjudicated by Computer Software without Any Human Review. This Process is Called Auto-Adjudication.

How do you administer tPA? ›

  1. Administer within 30 minutes of hospital arrival.
  2. Adults greater than or equal to 67 kg get 100 mg total dosage administered as a 15 mg IV bolus, followed by 50 mg IV infused over 30 minutes, and then 35 mg IV infused over the next 60 minutes.

How is tPA created? ›

tPA is synthesized and released by neurons, glial cells, and endothelial cells, and it is constitutively expressed in various brain regions. In neurons, tPA mRNA expression is rapidly induced.

What brand is tPA for stroke? ›

Activase® (alteplase) | Treatment for Acute Ischemic Stroke (AIS)

Is tPA still used for strokes? ›

Administering tPA in the first few hours after a stroke can break up clots and improve your chances of returning to normal. Now, more hospitals and health systems (including Henry Ford Health) are making the switch to a different medication called TNK (tenecteplase) to help stop stroke.

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