How do Facets achieve real-time processing? Customer Transparency – It can be used where transparency is required for eligibility, benefits, and cost estimates.ĥ.Claim Processing – Helps with real-time claim submission and processing.Interoperability – Provides an integrated view and access to consumer demands.Billing – It can perform comprehensive billing summary, billing requests, payments, etc.Customer Service – Manage customer service operations in real-time.Enrollment – When a new member has to be enrolled, ID card requests, update demographic details, etc.The Facets tool is widely used in the following places. It comes with security incorporated at each stage of the life cycle.It generates and consumes a huge amount of data.The performance of the Facets tool is very reliable.It has increased resilience to disturbances.Here are some of the advantages of the Facets tool. ![]() Some of them include subscribers/ members, providers, medical, billing, NetworX, etc. It integrates consumers, claims, care, and revenue management into a single platform. It is currently processing millions of transactions per week for more than 80 health plans. It helps in billing, claims processing, care management, and network management workflow. It is used to process medical and hospital transactions or facility claims. The Facets tool is the core administrative processing system built by Cognizant in 1993.
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