Oracle Revenue Management and Billing for Health Insurance Payers
Transform health insurance pricing and billing operations across all lines of business with a single scalable solution. Improve agility to meet ever-changing market requirements and drive increased revenue assurance.
A one-stop enterprise solution
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Fully insured (individual/group)
Maximize product innovation and meet rigorous member expectations.
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Government plans (Medicare/Medicaid)
Meet ever-changing regulatory requirements, complex subsidy adjustments, and expanding member expectations.
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Self-funded and ASO
Manage group health expenses and cash flow smartly and provide organizations with cost-effective models.
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PBM and specialty services
Drive revenue assurance with complete end-to-end transparency and flexible billing for pharmacy rebates and other value-added services.
Transforming Healthcare Billing: Kaiser Permanente’s Journey with Oracle
Kaiser Permanente, a healthcare giant, tackled the challenge of outdated 1990s and early 2000s legacy systems by upgrading for stability, security, and efficiency with Oracle. Their journey showcases the transformative impact of implementing the Oracle Revenue Management and Billing system (ORMB).
Explore the features of Oracle Revenue Management and Billing for health insurance payers
Robust premium calculation engine
Automate pricing for all lines of business—fully insured group or individual, self-funded, government plans, and more—with out-of-the-box capabilities for calculating premiums and fees based on eligibility definitions and qualifying events.
Flexible billing
Enable business agility with an automated, rules-driven approach that supports accurate real-time and batch billing with flexible bill cycles.
Reconciliation and settlements
Improve revenue recognition through flexible accounting processes and subledger mappings. Enable real-time payment processing and automated reconciliations.
A unified view, enabling superior member experiences
Achieve a complete view of each member by consolidating billing across multiple lines of business. Ensure an enhanced contact centre experience by leveraging a dedicated Billing 360 portal that offers easy access to all financial transactions.
Preconfigured with best-in-class processes
The ready-to-use solution is based on prebuilt workflows and processes, driven by industry best practices, and augmented by the ability to add business-specific configurations.
Integration and scalability
Seamlessly integrate with ecosystem applications by leveraging the extensive API library. Scale rapidly on the cloud to meet the needs of your growing business.
Why choose Oracle Insurance Revenue Management and Billing for health insurance payers?
01Optimize pricing and billing operations
Boost operational efficiency across all lines of business with a single, centralized, and fully automated billing solution.
02Maximize revenue assurance
Leverage a flexible and configurable billing solution that can bill a wide range of charges and supports innovative fee types and payment reconciliation.
03Elevate customer engagement
Gain a holistic view of the customer, support flexible payment modes, and expand self-service capabilities.
04Boost scalability and business readiness
Easily support new forms of coverage and revenue models. Handle groups and memberships of all sizes, even as billing volumes expand.
We can help improve operational efficiency and optimize member service.
Find resources and more
Navigating New Challenges in Medicare Rx Drug Billing
The Inflation Reduction Act adds relief and complexity to healthcare by capping Medicare Part D expenses. This webinar delves into adaptive billing techniques that can help you align with legislative changes and ensure compliance and financial efficiency. Join experts from IDC, OptumRx, and Oracle for insights into how to proactively navigate changes, optimize billing, and safeguard against new Medicare regulations.
The case for modernizing enrollment and billing capabilities
Healthcare payers are moving away from monolithic software systems toward componentized systems, but a debate has emerged: When you separate enrollment from billing, which capabilities should each consider as core competencies?
Oracle Revenue Management and Billing for Healthcare Payers Newsletter, Vol. 5
Explore trends shaping the health insurance industry and how digital technologies can drive efficiencies.
Oracle Revenue Management and Billing for Healthcare Payers Newsletter, Vol. 4
Discover the tools and techniques payers need to manage diverse processes for payments, detail billing, and delinquency management.
Additional revenue management and billing solutions
Banking revenue management and billing
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Revenue management and billing—Quick start program
Capture revenue opportunities and conquer billing complexity with a free trial of Oracle Revenue Management and Billing
Get started with Oracle Revenue Management and Billing for healthcare insurance payers
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