| Insurance software can be tailored to meet the | | | | claims processing (including EDI), HIPAA, customer |
| needs of any business from small home offices, Third | | | | service, accounting, management reporting, and more. |
| Party Administrators (TPA) to large administrators | | | | Workers' Compensation insurance software supports |
| and insurance management companies. The three | | | | carriers, third party administrators (TPA), and |
| listed below are the most widely used and can be | | | | self-insurance trusts. Integrated insurance software |
| found in stores or on the Internet. | | | | sould include quotes, policy issuance, insurance billing, |
| Individual health and life insurance software can | | | | accounts receivable, agent commissions, insurance |
| support a range of life insurance and health insurance | | | | claims processing, fee schedules and PPO network |
| products. It should offer fully, integrated support for | | | | pricing, audits, extensive reporting, and more. |
| underwriting, new business processing, policy | | | | All in all, insurance software provides practically |
| services, insurance billing, agent advances and agent | | | | everything you need to manage and account for the |
| commissions, insurance claims processing, | | | | details in an insurance business. However, they do not |
| management and statutory reporting, reserves, | | | | handle the necessary, direct face-to-face or |
| accounting, and more. | | | | telephone communication required for maintaining a |
| Group Health Administration software is used by | | | | customer base. The software, in other words, does |
| group insurers, third party administrators (TPA), | | | | no do all the work for you. It does, however, cut |
| multi-employer trusts, and self-administered plans. | | | | your workload down considerably, so that you can |
| This software provides support for enrollment, billing, | | | | focus your efforts elsewhere. This is a boon for |
| accounting and collections, provider networks, | | | | insurance agents worldwide. |
| managed care, referrals/pre-certification, insurance | | | | |