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Introduction – FIS Benefit Solutions
Company Facts• Division of FIS Global • FIS has signed an agreement to sell the division to
Lightyear Capital; expected to close at the end of 3Q2012• 150+ FTEs• Diverse base of over 530 customers across the
payer, provider, financial, and TPA sectors
• FIS Benefit Solutions is one of the largest, most scalable platform provider of software, services, and card-based technologies for healthcare payments
• The Company has long been viewed as a pioneer in the healthcare payments sector with a suite of solutions that offer substantial value in the areas of:
– Benefits Administration
– Payment Processing
– Multi-Functional Multi-Purse Cards
– Payment Output Solutions `
Benefit Solutions
Industry Leadership and Scale
Market Leadership• #1 CDH technology provider• #2 Outsourced post adjudication payment processor• #2 Health ID card provider
Operational Statistics• $5B+ CDH transactions• 525M+ healthcare transactions processed• 8M issued healthcare payment cards• 1.3M healthcare benefits administration accounts• 500K+ HSA accounts on the banking platform • 100M Health ID cards carried in wallets
Business Model Attributes• Extremely reliable and efficient platform• Highly scalable• Unparalleled accuracy and speed• Secure administration and payment technology
Highly Scalable Single-Source
Platform
Product and Services Overview
Benefit Solutions
• FIS offers products and services in the following broad categories:
a. Health benefits administrationi. Tax-advantaged health
benefitsb. Payment processing solutionsc. Payment output solutionsd. Health ID and multi-purse cards
• These solutions are utilized by industry participants in the following end markets:
−TPAs−Commercial health insurers−Financial institutions−Healthcare providers−Consumers−Employers
A comprehensive suite of benefits administration software that is tightly coupled with industry leading card and
payments technology
Our Focus - Payment Administration
5
• Consumer Engagement / Decision Support• CRM / System of Record• Call Center• Benefits Aggregation• Integration
• Payment Administration
BenSoft
• Enrollment file• Premium invoice
DMS
BillPointe
• Invoice presentment -print & online
• In house print facility
• Premium invoicing file
Remit Manager
• Online payment remittance file
• Physical payment collection, deposit & processing
• Reconcile participant / employer receivable
• Reconcile payer liability• Distribute funds to payers
HIX Functional Attributes
• Online payment acceptance
• Consolidated remittance file
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