Ebix FACTS logo

Ebix FACTS

by Ebix · Since 1976
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ActiveAvailable globallyCloud
Quick facts
VendorEbix
Year launched1976
StatusActive
LocationEbix Health - Miami, 18001 Old Cutler Road, Suite 303, Palmetto Bay, FL 33157
Countries servedGlobal
Languages6
Integrations
Free tier
Free trial
Contact salesYES

About Ebix FACTS

Ebix FACTS is a management software from Ebix that supports the insurance and financial services industries. It provides features for policy management, billing, and claims processing so organizations can handle their operations more effectively. The software enables users to track policyholder information accurately and simplify transactions with integrated billing solutions. It also offers reliable reporting tools to help businesses analyze their performance and make informed decisions. Key capabilities: policy management billing solutions claims processing reporting tools user management Best for: insurance companies and financial service providers that need to manage policies and processes efficiently.

Ebix FACTS is a comprehensive claims processing software designed primarily for the insurance industry. It offers a centralized platform for managing and processing claims, enabling insurers and manufacturers to streamline their claims workflows, reduce operational costs, and improve efficiency. The software is tailored to address the unique needs of various claims types, providing end-to-end automation and advanced capabilities. Its flexibility allows for quick integration into existing operations, making it an appealing solution for companies looking to optimize their claims management processes. The user interface of Ebix FACTS is straightforward and intuitive, making it relatively easy for users to navigate through the system. The interface is clean, and the dashboard is customizable, allowing users to personalize the layout to suit their specific needs. The system offers a logical flow for managing claims, from initial submission through to settlement. Key information is readily accessible, and the design is such that users can quickly locate essential functions without confusion.

Pros & Cons

What users like
  • +Comprehensive Suite: Offers a wide range of integrated modules covering core administration, managed care, front-end processing, automation, and interactive access, potentially eliminating the need for multiple systems.
  • +Multi-Line of Business Support: Handles various lines of business (Health, Indemnity, TPA, PPO, HMO, Workers' Comp, etc.) within a single system, simplifying administration.
  • +HIPAA Compliant: Built-in HIPAA compliance features are essential for healthcare organizations.
  • +Web and Voice-Enabled Access: Provides 24/7 access to information and transactions for various stakeholders (insureds, employees, providers) via web and phone, improving convenience.
  • +Automation: Automates key processes like claim adjudication, coding, and workflow distribution, increasing efficiency and reducing manual errors.
  • +Customizable: Offers customizable solutions and modules to fit specific needs.
What users flag
  • Complexity: The sheer number of modules and features could make the system complex to implement and manage, requiring significant training and expertise.
  • Potential Integration Challenges: While partnerships are highlighted, integrating with existing legacy systems not specifically mentioned could still pose challenges.
  • Information Overload: The extensive feature set might be overwhelming for some users, making it difficult to identify and utilize the most relevant functionalities.
  • Lack of Pricing Transparency: Pricing information is not readily available, making it difficult to assess the cost-effectiveness of the system.
  • Dependence on Vendor: As a comprehensive system with various modules, users become heavily reliant on Ebix for support, maintenance, and updates.

Features

Key features

Multi-Line of Business Support
Handles various lines of business (Health, Indemnity, TPA, PPO, HMO, Workers' Comp, etc.) within a single system.
Claim and Encounter Processing
Automated processing of medical, dental, vision, and other claim types.
Managed Care Administration
Tools for provider network management, capitation, utilization review, and case management.
Policy/Benefit Administration
Manages eligibility, billing, collections, and commissions.
HIPAA Compliance
Built-in HIPAA compliance features.
Web and Voice-Enabled Access
24/7 access to information and transactions via web and phone.
Automation
Automated claim adjudication, coding, and workflow distribution.
Reporting
Standard and custom report generation.

Additional features

Multi-Line of Business Support
Supports Health, Indemnity, TPA, PPO, HMO, PHO, IPA, MSO, Group Administration, COBRA, Section 125-Integrated Flexible Benefits, and Workers' Compensation (with integrated managed care for 24-hour coverage) within a single, unified system.
Claim and Encounter Processing
Automated, real-time processing of medical, dental, vision, prescription drug, disability, and COBRA claims and encounters, including online adjudication.
Managed Care Administration
Tools for provider network management (including unlimited contracts and providers per PPO), provider capitation management, pre-authorization, utilization review (UR), utilization management (UM), physician referrals, point of service (POS) administration, primary care physician (PCP) profiling and credentialing, and case management.
Policy/Benefit Administration
Fully automated benefit administration with support for eligibility, billing, collections, and commissions, accommodating both group and individual plans, as well as life and AD&D coverage.
HIPAA Compliance
Built-in HIPAA compliant solutions and infrastructure, ensuring adherence to regulations.
Web and Voice-Enabled Access
24/7 interactive access to claims and benefit information, and real-time transactions (including EDI claim uploads) through the internet and voice-based systems.
Automatic Claim Adjudication
Parameter-driven, automated claim adjudication with minimal adjuster intervention.
Electronic Data Interchange (EDI)
Facilitates electronic claim submission and data exchange with providers and clearinghouses.
Electronic Claim Workflow
Streamlines claim processing with automated workflow distribution to adjusters.
Claim Processing/Pre-processing
Allows for efficient claim data entry and pre-processing before authorization.
Automatic Claim Coding
Automated claim coding based on claim parameters and industry-defined templates.
Optical Imaging/IOCR
Integrated system for document imaging, scanning, storage, and retrieval, enabling faster processing of paper claims.
MICR Laser Check/EOB Encoding
Laser printing of checks with Explanation of Benefits (EOBs) including logos, signatures, and MICR encoding.
Standard/Custom Report Generation
Provides flexible reporting capabilities with both pre-defined and user-customizable reports.
Letter Generation
Automated generation of letters related to claims and benefits.
Clinical Editing and Auditing
Online, interactive claim editing and auditing using Ingenix™ database to verify coding and identify potential issues.
Provider Network Management
Comprehensive provider database management with support for multiple contracts, PPOs, and providers.
Provider Capitation Management
Automated system for managing provider capitation and sub-capitation.
Pre-Authorization, UR, UM, and Physician Referrals
Automated system for managing pre-authorizations, utilization review, utilization management, and physician referrals.
Point of Service (POS)
Administration of Point-of-Service plans.
Primary Care Physician Profiling and Credentialing
Automated system for managing PCP credentials and relationships.
Case Management
Automated case management system for tracking and managing patient care.
Claims Pre-Processing
Enables efficient claim data entry and filing for later processing.
Automatic Claim Coding
Automated claim coding based on claim parameters and industry-defined templates.
Electronic Claim Workflow Distribution
Automated routing of claims to adjuster work queues.
Custom Report Generator
User-friendly tool for creating custom reports.
Real-time, Internet Based Access (FACTS®Web™)
Secure, 24/7 web access to claim, coverage, and benefit information.
Real-time, Telephony Based Access (FACTS® IVR™)
Interactive voice response system for accessing benefits and claim status information via phone.
Hardware Solutions
Supports various hardware options (Windows to Unix).
Full-Service Support
Includes implementation, training, data conversion, software maintenance, phone/online/modem support, and custom programming.
Professional Services
Consultation and assistance for software, hardware, implementations, and network services.
Education & Training
Extensive training programs, including on-site and in-office options.
User Group Conference
Networking and educational opportunities for FACTS® users.
Partnerships
Integrates with various third-party solutions (Captiva, Emdeon, Ingenix, National Care Network, SourceLynx, Alegeus, Avnet, Dell, Discovery Benefits, Infinisource, HP, IBM, Microsoft, TigerLogic).

Pricing

Free trial
Free version
Request a quote
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Countries & Languages

Global
Countries served
6
Interface languages
12
Billing currencies

Interface languages

EnglishSpanishFrenchGermanItalianPortuguese

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇭CHF🇭🇰HKD🇸🇪SEK🇳🇴NOK🇩🇰DKK🇸🇬SGD

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