PRZOOM - /newswire/ -
Fort Washington, PA, United States, 2009/03/25 - RAM Technologies is pleased to announce HEALTHsuite's premium billing functionality to support the administration of COBRA subsidies as outlined in the American Recovery and Reinvestment Act.
RAM Technologies, Inc., a leading developer of advanced software solutions for healthcare payers announces that the premium billing capabilities of their HEALTHsuite application are in-place to support the splitting of premium bills across multiple entities including government subsidies.
In the American Recovery and Reinvestment Act (ARRA) of 2009 the Federal Government has announced a new program that will subsidize 65% of COBRA premiums for eligible individuals. This new initiative has created a need for employers and health plans to be in position to split responsibility for the payment of health insurance premiums. HEALTHsuite’s Premium Billing capability allows users to easily accommodate this division of financial responsibility across unlimited entities including Government, employers, the insured, guardians, union and professional associations and more.
HEALTHsuite is a web based solution that provides enterprise wide functionality for health plans and payers. The fully integrated suite supports eligibility, enrollment, benefit administration, provider contracting / reimbursement, medical management, premium billing, care management, claims adjudication, subrogation / overpayment recovery, customer service / call tracking, reporting and more. Companies searching for a fully integrated product will appreciate the user-friendly interface and streamlined efficiency that HEALTHsuite has to offer.
“The government’s initiative to subsidize COBRA insurance for qualified beneficiaries presents a unique challenge for employers and healthcare payers,” states Robert A. Tulio, President of RAM Technologies. “HEALTHsuite’s ability to accommodate the division of financial responsibility for COBRA recipients will make this transition easier for RAM clients.”
About RAM Technologies, Inc.
For over 28 years RAM Technologies (ramtechnologiesinc.com) has been developing revolutionary software to automate the complex business of healthcare administration. RAM Technologies’ clients offer and administer Commercial, Self-Insured, Medicare, Medicare Advantage, Medicaid, Correctional, Federal Health, Life, STD, LTD, and AD&D products all from a single instance of the application and repository. With the implementation of HEALTHsuite and the eHealthsuite™ web portal, RAM clients realize the value of RAM’s enterprise solutions that streamline business operations and reduce costs. RAM Technologies’ software solutions are fully integrated enterprise wide applications that support all aspects of benefit administration, provider contracting, medical management and claims adjudication. You can learn more about RAM Technologies by calling (877) 654-8810 or on the web.