Three state-based health insurance marketplaces or exchanges have selected Healthation, a provider of core administrative systems for health care payers and administrators, to deliver technology infrastructure. The names of the customers were not made immediately available. The system is expected to perform various financial management functions, including invoice generation, invoice aggregation, premium collection, premium processing and disbursement.
Healthation’s system includes Advance Premium Tax Credits (APTC) and Cost Sharing Reductions (CSR) management, marketplace administrative fees processing, and Individual and Small Employer Health Options Program (SHOP) enrollment and eligibility processing.
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