Monday Jul 22, 2013

Health Insurance Exchanges Go Live for Enrollments October 1, 2013. Are You Ready?

The clock is ticking towards October 1, 2013 when public insurance exchanges are set to open their doors and begin offering health plan benefits to an estimated 30 million previously uninsured Americans – as mandated by the Patient Privacy and Affordable Care Act (PPACA). Americans without insurance coverage will be able to choose the insurance coverage that works best for them in a new, open, competitive insurance market. The Insurance Exchange will pool buying power and give Americans affordable choices of private insurance plans that will compete for their business based on cost and quality.

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Thursday Jun 06, 2013

Conquering Healthcare Reform and Rating Complexity with a Simple, Single System

We all know about the Patient Protection and Affordable Care Act that was upheld by the US Supreme Court in 2012.  Now, how do we respond and react to embrace this legislation while also providing quality service to our customers and maintaining an edge over our competition?  While states debate whether to expand Medicaid, launch health insurance exchanges, or both, payers have less than 18 months to plan their strategies, change their infrastructure and launch new products to capture market share. Payers must now learn to interface directly with end users. And they must learn the nuances of local markets. Flexible IT systems that enable unprecedented business agility will be critical to their success.

In executing on the individual mandate, payers need to take a hard look at their underlying rating infrastructure.

  • Is it flexible enough to accommodate new customers and roll out new products quickly?
  • Are the rating systems configurable so they do not require custom coding when the business needs change? 
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Friday Jun 10, 2011

2011 IASA Show Wrap Up

The spring 2011 trade show season is winding down, and what better way to spend it than in Nashville, TN?  I attended the IASA Educational Conference and Business Show this past week. It was another great opportunity for Oracle Insurance to connect with industry friends including customers, partners, and fellow vendors.  

This show in particular sees a high amount of accounting- and financially-focused attendees. It was a great opportunity to talk about our billing offering as well as how Oracle Insurance Insight works with Oracle Business Intelligence Enterprise Edition to expose information from financials to insurance operations.

Oracle Insurance had a couple of newsworthy announcements. First, Oracle Insurance Insbridge announced the availability of version 4.5, which enables international usage.  Check out the news here. Also, a new release of Oracle Insurance Revenue Management and Billing was announced. See it here.

Being in Nashville, it was only appropriate that Vanderbilt alum, Al Gore, gave Monday's keynote speech.  On Tuesday, the keynote was presented by Afterburner, Inc., a team of elite military professionals that are experts in helping teams pursue Flawless Execution. they  introduced us to their Flawless Execution Model that is a proven process used by elite military professionals around the world to execute missions when the stakes are high and failure is not an option.

And what completes a country-inspired trade show better than a closing party with Clint Black? He delivered one-of-a-kind music with some good ol' boy storytelling. IASA guests were entertained for the evening.

Clint Black performs at IASA

About

Oracle's flexible solutions can help insurers navigate the change necessary to meet today’s challenges and have the business agility to be prepared for the future.

For mor information, visit oracle.com/insurance.

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