Repetitive Payments Processing
FIMMAS provides repetitive payments processing for a variety of products including:
The Repetitive Payments capabilities of FIMMAS include: searching for existing claims by Claim Number, Contract Number, Client ID, Group ID, and Claim Status. Adding new claims, automatically calculating payments, and setting up payments into payment streams. Approving, denying, contesting, resisting, suspending, recertifying, and terminating claims and payments. Pre-scheduling payment changes, such as Social Security, Workers Compensation, and residual offsets. Managing exclusions and federal and state tax withholdings. Multiple payment modes, including weekly, bi-weekly, monthly, semi-monthly, quarterly, semi-annually, and annually. Single or multiple payees or assignees. Tax calculations and reporting are also supported and the taxation percentage can be different from the payment percentage per payee.