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What is Oracle Digital Insurance Platform?

Oracle's Digital Insurance Platform empowers insurance providers with advanced tools to develop innovative solutions and deliver exceptional digital experiences for their clients. This comprehensive platform streamlines various aspects, from sales channels to back-office operations, enabling rapid product launches and seamless adaptability to market shifts. By utilizing real-time analytics, insurers gain essential insights that enhance their decision-making capabilities. The system supports both individual and group life insurance, as well as annuities, by consolidating underwriting, policy administration, billing, and claims management into a unified framework. Health insurers benefit from improved enrollment processes, efficient premium billing, and faster claims processing, which contribute to higher member satisfaction through personalized and transparent services. Additionally, the platform enhances the bancassurance paradigm by ensuring immediate connectivity between banking institutions and insurance companies, promoting efficiency, consistency, and trustworthiness. This integrated approach cultivates a more agile insurance landscape, ultimately providing advantages for both service providers and their clientele while fostering a culture of innovation in the industry.

What is DrsMagic?

DrsMagic is available in two distinct formats: the Single Station distribution and the Network distribution, each of which comes in both Lite and Pro versions. The Single Station edition caters to users operating on a single device, integrating both a powerful database and a user-friendly graphical interface (GUI) in one place. Administrators are granted the ability to oversee the system via BayViewSoft's multi-user management framework, which allows for the assignment of various roles to different users; however, access to the Single Station version is limited to one user at a time. On the other hand, the Network versions are designed for deployment across several computers, enabling multiple users to access the system concurrently. The versatile database associated with DrsMagic can be configured to run on a separate server or alongside the "Primary" GUI on the same device, accommodating diverse operational needs. This comprehensive distribution strategy ensures that organizations, regardless of their size, can identify an appropriate solution that meets their unique requirements and workflows effectively. Additionally, the availability of both Lite and Pro versions allows users to choose based on their specific functionalities and budget considerations.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$80 per user per month
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Oracle

Date Founded

1977

Company Location

United States

Company Website

www.oracle.com/financial-services/insurance/

Company Facts

Organization Name

BayViewSoft

Date Founded

2008

Company Location

United States

Company Website

www.bayviewsoft.com

Categories and Features

Insurance Claims Management

CRM
Claims tracking
Customer portal
Document management
EDI data exchange integrations
Electronic claims
Fraud management
Reporting

Categories and Features

Medical Billing

Claims Processing
Claims Scrubbing
Code & Charge Entry
Compliance Tracking
Customizable Dashboard
Dunning Management
Invoice History
Patient Eligibility Checks
Practice Management
Quotes/Estimates
Remittance Advice

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