New Delhi, Dec 17: Cincom Document Solutions (CDS), division of global software company Cincom Systems, and Valutech, Inc., a leading claims disbursement and revenue life-cycle management solution provider, have formed a global partnership to provide critical document and claims disbursement solutions for the health insurance industry.
Most health insurance payors struggle with generating documents that accompany the claims payment and settlement process. They are also unaware that comprehensive document generation products are available that easily integrate with the claims disbursement process. This partnership will make document creation and claims disbursement solutions more easily attainable for Cincom's and Valutech's respective network of health insurance clients.
CDS provides health insurers with the tools to easily create, generate and deliver personalized document communications such as claims letters, explanations of benefits, and member correspondence in real-time.
Companies that implement CDS reduce document costs by 80 per cent, improve production times by 90 per cent, and virtually eliminate document errors.
Valutech's Universal Claims Disbursement System (UCDS©) gives insurance payors a comprehensive claims payment and revenue life-cycle system that handles all claims settlement for traditional and consumer directed healthcare (CDH) lines.
Not only does UCDS© manage all aspects of outbound payments, it also allows payors to easily locate, correct, and reissue any payment, recover on overpaid claims and output flexible electronic or paper financial information.