
Does Vision receive a percentage of commission for
billing a carrier's product(s)?
No, Vision Financial charges the carrier a one time
implementation fee to set up a carrier's product(s) on the billing
system. There is also a monthly administrative fee charged to the
carrier on a per coverage basis.
How long does it take to get up and running with
Vision for billing administration?
With a dedicated team at Vision Financial and at the
carrier, implementation of a product(s) on Vision Financial's billing
system requires an average of 6 weeks.
Can Vision simply take a hard copy list bill that an
employer might receive from an insurance carrier and include those
policies in a combined list bill?
No, Vision Financial prefers to work with each carrier
individually and directly to receive an electronic file to establish
participation data in the Combined Billing Network (CBN) system.
Additionally, as a TPA Vision Financial is required to have an
administrative agreement with all carriers for whom we perform billing
and premium collection services.
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