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Speed to market for new products is the most important reason that firms give for moving to the cloud and managed services according to financial technology provider FIS.
Tara Winters, head of global managed services, FIS Capital Markets at FIS, told Markets Media that a survey the firm commissioned in September last year found that the number one reason clients are looking to move to the cloud and managed services is for speed to market for new products.
Tara Winters, FIS
She said: “I thought that was so interesting because it does show a shift to focus on growth rather than just cost savings and to improve their operational resiliency.”
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Softheon Simplifies Operations and Reduces Administrative Burdens for Health Plans During Special Enrollment Period and Beyond
Softheon s leading premium billing, financial management, and reconciliation solutions help reduce health plan member abrasion through cloud technology and automation.
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STONY BROOK, N.Y., Feb. 18, 2021 /PRNewswire/ Softheon, a leading cloud-based health insurance exchange and marketplace-as-a-service provider, has introduced specialized financial billing, premium payment processing, and account reconciliation technology. The solution currently supports many health plans during the new Special Enrollment Period (SEP) for the Affordable Care Act (ACA) marketplace.
Many health plans face significant challenges with subsidy and enrollment reconciliation in ACA plans. More enrollees, increased subsidies, and retroactive policy changes could widen reconciliation gaps in 2021.
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