Pricing Parameters

Oracle Revenue Management and Billing enables you to create new set of pricing parameters, such as, Geographic Rating Area, Member Relationship, and Subscription Tier for a fully-insured group and individual customers.

To create a geographic rating area pricing parameter the ORMB system uses the policy plan and geographical details (of a member person) to retrieve the appropriate rating area. This rating area is further used to obtain the rate information defined on the pricing rule that is eventually based on a particular geographical rating area. To create a member relationship pricing parameter, the ORMB system retrieves the appropriate member relationship through the post processing algorithm and stamps the retrieved member relationship on the member person belonging to a particular membership. However, to create a subscription tier pricing parameter, the ORMB system retrieves the subscription tier information through the post processing algorithm and stamps the tier information on the desired membership.

For more information on how to setup the Pricing Parameters feature, see Prerequisites

Related Topics

Parent Topic: Fully-Insured Pricing