Self-funded health plan payment processing and reporting could be automated, and the processes reduced to just minutes each reporting cycle?
Finance managers could have real-time access to self-insured health expense information, while reducing time and manpower for repetitive processes?
Your finance team could focus on the big picture instead of being bogged down with tedious administrative processes?
AdminaHealth is revolutionizing the way companies administer their self-funded healthcare plans. We are turning the repetitive and labor intensive finance functions of self-insured healthcare plans into an easy-to-use single platform.
Funds are automatically wired to pay each week’s claims and logged into the transaction history. Each month, vendor invoices are automatically logged, electronically paid, reconciled, and confirmed.
Real-time reporting on bank transfers, deposits, payments, interest debits/credits, and charges related to the healthcare benefit program. AdminaHealth makes it easy to view expense trends, manage budgeting, and anticipate funding needs.
A/P information related to all self-insured plans – stop-loss, medical, Rx, dental, vision, wellness, and other voluntary benefits – is under one umbrella. Increase efficiency and drive better business planning.
Convert manual processes that tie up finance staff for hours into minutes. All banking and electronic funds transfer information is contained within the portal to allow for easy payments and reimbursements. Automatic invoice and electronic payment processing and confirmation provide greater productivity, efficiency, and transparency. Click ‘Approve’ and you are done!
On a real-time basis, see all self-funded healthcare related costs. Track trends, budget vs. actual, month-to-month, year-to year.
AdminaHealth provides a record of all claims by type and vendor, as well as transactions, which can be downloaded into Excel. In addition, we upload all your existing self-funded historical data into the AdminaHealth database for year-to-year and long-term trending. View data in charts, graphs, and reports. AdminaHealth also offers the option for customized reporting and analysis.
Automated weekly and monthly notifications let you know about payments or claims-related information that require attention and about unexpected events related to your weekly and monthly processes. Never worry about having an insufficient cash balance. AdminaHealth makes sure all tasks related to A/P are proactively addressed and helps you anticipate self-insured funding needs.