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What is daisyBill?

daisyBill streamlines medical billing for workers' compensation treatment, making it easier for healthcare providers who treat injured workers to receive prompt, accurate reimbursement. With a proprietary network of secure electronic connections to payers and their clearinghouses, daisyBill instantly routes medical invoices and attachments to the correct destination. The platform employs a task-oriented approach that tracks each bill through the revenue cycle, prompting administrative personnel to manage authorization requests, invoices, payments, and appeals for correct reimbursement. Additionally, daisyBill includes daisyWizard, which accurately calculates reimbursements based on state-specific fee schedules. daisyBill’s objective is to improve injured workers’ access to medical care by reducing billing friction and making workers’ comp financially sustainable for healthcare providers.

What is Functional Finance?

Functional Finance acts as the pivotal mechanism for managing insurance billing and payments, efficiently handling the monetary transactions post-policy decisions. Situated between the policy management system and the general ledger, it expertly processes policy-related events such as bindings, endorsements, cancellations, and reinstatements while executing financial obligations with accuracy. This system skillfully manages billing, invoicing, payment collection, cash application, treasury routing, and payables for distribution partners, accommodating diverse models including agency billing, direct billing, installments, and premium financing. Payments are meticulously applied at both the policy level and individual line items, ensuring that commissions and remittances are consistently aligned while providing a clear audit trail for each transaction. As a result, this creates a financial operations framework that is inherently aware of policy specifics, replacing cumbersome manual reconciliation processes with streamlined, scalable practices that significantly boost operational efficiency. The seamless integration of these functionalities not only enhances reliability but also promotes a transparent financial landscape within the insurance industry, ultimately contributing to improved stakeholder trust.

Media

Media

No images available

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

Pricing not provided.
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

daisyBill

Date Founded

2011

Company Location

United States

Company Website

www.daisybill.com

Company Facts

Organization Name

Functional Finance

Company Location

United States

Company Website

functionalfi.com

Categories and Features

Categories and Features

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