Logo of Oracle Health Insurance Claims Management

Oracle Health Insurance Claims Management

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Company health

Employee growth
5% increase in the last year
Web traffic
7% decrease in the last quarter

Ratings

G2
4.7/5
(6)
Glassdoor
3.8/5
(55086)

Oracle Health Insurance Claims Management description

Oracle Health Insurance Claims Management is a comprehensive software solution designed for health insurers of all sizes. It streamlines the entire claims process from intake and processing to payment and authorization management. This software helps insurers improve efficiency, reduce costs, and enhance accuracy in claims management. Key features include automated claims adjudication, flexible business rules configuration, and robust data exchange capabilities. Oracle Health Insurance Claims Management is designed to integrate with existing healthcare IT systems and supports compliance with industry standards.


Who is Oracle Health Insurance Claims Management best for

Oracle Health Insurance Claims Management is a solid choice for health insurers aiming to boost efficiency and accuracy. We find that it's particularly effective for those looking to automate claims processing, from initial intake to final payment. User feedback highlights its robust data exchange and flexible business rules.

  • Perfect for businesses of any size (from 1-1000+ employees) seeking to streamline and automate health insurance claims.

  • In our experience, this solution shines in the finance, banking, and insurance sectors, optimizing claims and member experiences.


Oracle Health Insurance Claims Management features

Supported

Transparent Member Experience: Improve the enrollment experience with faster premium calculations, better policy administration, quicker benefits adjudication, and accurate billing that can be deployed on-premises and in the cloud. Features: * Faster enrollments with digital ID cards * Secure member privacy database * Accurate billing with automated payments * Visible end-to-end transactions * Transparent member engagements

Supported

Faster Time to Market: Enable faster response to market and regulatory changes by eliminating the need for source code changes. Improve operational efficiency and bring new products to market faster through collaborative product development. Features: * Flexible, rules-driven configuration * Update components and features more easily * Create products quickly * Turnkey for faster deployment * Scalability to grow market share

Supported

Operational Efficiency: Lower health insurance claims management costs significantly by automating processes and increasing auto claims adjudication rates by using business rules-driven workflow. Features: * Automated Claims Pricing and Claims Adjudication * Simplify claims operations with pre-built dashboards * Quickly determine authorization approvals with configurable rules * Efficiently manage provider data with healthcare claims management software * Optimize Value-based payments

Supported

360-Degree View: Gain a comprehensive view of claims and operations by eliminating data silos and utilizing prebuilt, configurable dashboards. Access powerful reporting and analytics capabilities through an intuitive interface. Features: * Easy-to-use, prebuilt dashboards * Improve decision-making with real-time insights * Reduce administrative costs and optimize business processes * Centralized data repository with data integration * Easily configurable reports and analytics

Supported

Cost Savings: Reduce administrative costs, improve the customer experience, and deliver value-based care with a single, scalable platform that automates complex business processes, including claims processing, billing, and policy administration. Features: * Automated Business Processes * Streamlined Policy Administration and Improved Customer Service * Claims Processing Simplification with Pre-built integrations * Improve Provider Engagement with Health Insurance Claim Management system * Automated billing and payments

Supported

Digital Engagement: Digitize your member and provider engagement processes, improve member satisfaction, and create efficiencies that enable your organization to provide better, more affordable care. Features: * Digital Member and Provider Portals * Secure, mobile-enabled access to information * Automated correspondence and notifications * Empower Members with Digital ID Cards * Empower Providers with Data Access

Supported

Scalability: Scale for small and large health plans quickly to create products quickly, grow enrollments, and increase market share on a secure, affordable cloud platform. Benefit from flexible deployment options. Features: * Scale on a secure cloud platform * Quick product creation with pre-built templates * Flexible deployment – on-premise, cloud, or hybrid * Automated enrollment processes * Secure and reliable platform with disaster recovery options


Oracle Health Insurance Claims Management alternatives

  • Logo of Waystar
    Waystar
    Simplifies healthcare billing and payments for faster revenue.
    Read more
  • Logo of RL Suite
    RL Suite
    Healthcare risk management software simplifying claims and spotting financial risks.
    Read more
  • Logo of ClaimsManager
    ClaimsManager
    Streamlines insurance claims, boosting efficiency and transparency.
    Read more
  • Logo of InsureEdge
    InsureEdge
    Streamlines insurance operations, boosting efficiency and cutting costs.
    Read more
  • Logo of Silna Health
    Silna Health
    Streamlines healthcare billing so providers can focus on patients.
    Read more
  • Logo of Duck Creek Billing
    Duck Creek Billing
    Modern insurance billing: automated, flexible, customer-centric.
    Read more

Oracle Health Insurance Claims Management FAQ

  • What is Oracle Health Insurance Claims Management and what does Oracle Health Insurance Claims Management do?

    Oracle Health Insurance Claims Management is a software solution designed to streamline and automate the health insurance claims process. It offers features such as automated claims adjudication, flexible business rules, and robust data exchange, helping insurers improve efficiency, reduce costs, and enhance accuracy.

  • How does Oracle Health Insurance Claims Management integrate with other tools?

    Oracle Health Insurance Claims Management integrates with existing healthcare IT systems through robust data exchange capabilities. It's designed for seamless interoperability, though specific integrations aren't detailed in the provided data. We recommend contacting Oracle for specifics.

  • What the main competitors of Oracle Health Insurance Claims Management?

    We find that Waystar, RL Suite, ClaimsManager, InsureEdge, Silna Health, and Duck Creek Billing are the main competitors for Oracle Health Insurance Claims Management. These alternatives offer similar functionalities in claims processing, billing, and healthcare administration.

  • Is Oracle Health Insurance Claims Management legit?

    Oracle Health Insurance Claims Management is a legitimate software solution offered by a reputable company. It's a safe and reliable choice for health insurers looking to streamline their claims processes. We find that its comprehensive features and focus on automation can significantly benefit insurers.

  • How much does Oracle Health Insurance Claims Management cost?

    I'm sorry, but I don't have pricing information for Oracle Health Insurance Claims Management. Contact Oracle sales for a personalized quote.

  • Is Oracle Health Insurance Claims Management customer service good?

    There are no customer service reviews available for Oracle Health Insurance Claims Management. Therefore, we can't determine the quality of their customer service.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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