Exchange vs. Marketplace: What’s in a Name?
Prior to the signing of the Affordable Care Act (ACA), the term “exchange” meant something to military communities, stock or commodity traders and readers of historical fiction.
Prior to the signing of the Affordable Care Act (ACA), the term “exchange” meant something to military communities, stock or commodity traders and readers of historical fiction.
There has been a lot of activity and questions raised in the past month around exchanges, but one thing is clear--private health insurance exchanges are gaining in popularity.
When people think of a private health insurance exchange, they generally think of the marketplace itself, but there’s a lot of work that goes into the backend, including enrollment files, member maintenance files, billing data, plan data, and rating data. We’ve been managing and maintaining integrations with carriers’ enterprise systems since 2006, but in this blog post we’ll focus on one of the most notorious file formats for enrollment and why it’s here to stay.