GREENWICH, Conn., August 19, 2024 — AdminaHealth®, the leading software-as-a-service (SaaS) solutions provider for employee benefits billing and payment, proudly marks its 10th anniversary. Launched in 2014, AdminaHealth is now the leader in automating and streamlining complex group employee benefits processes, including premium reconciliation, bill consolidation, and payment management for employers, brokers, benefits carriers, and third-party administrators (TPAs). The company counts seven of the Top 10 U.S. insurance brokers among its extensive array of users.
In an exceedingly complex industry, AdminaHealth’s solution has transformed group benefits premium billing administration. By automating the monthly audit process, the platform eliminates countless hours of manual labor, significantly reducing operational costs and human error.
Additionally, AdminaHealth’s enhanced reconciliation capabilities provide monthly audits of enrollment-to-invoices and enrollment-to-payroll deductions, stopping premium leakage and ensuring employers and employees pay their correct share for enrolled benefits. Carriers value the ability to streamline bill presentment and create a consolidated invoice across multiple product offerings.
Founded as a risk-mitigating financial liquidity product, AdminaHealth leadership quickly realized the standalone value of its technology and how it could help businesses beyond those transitioning to self-funding. They strategically decided to expand their revolutionary platform and eliminate issues caused by using spreadsheets for group benefits billing.
“We’re incredibly proud of our impact over the past ten years,” said Robert A. Bull, CEO of AdminaHealth. “Our commitment to innovation and excellence in customer service is a cornerstone of AdminaHealth’s success and sets us apart in the industry. By automating and simplifying the premium billing process and providing exceptional support, we drive better financial tracking and payment controls, deliver accuracy in carrier reporting, and improve employee service.”
As AdminaHealth celebrates its 10th anniversary, the company continues its mission to drive innovation and excellence in the employee benefits industry. With more expansion and capabilities on the near horizon, AdminaHealth is leading the industry into a future where employee benefits administration is efficient, accurate, cost-effective, and effortless.
For more information about the AdminaHealth® Billing Suite, visit AdminaHealth.com.
About AdminaHealth
AdminaHealth is the leading provider of patented billing and payment solutions for the insurance industry. The company’s innovative platform simplifies the administration of benefits and streamlines payment processes for brokers, carriers, employers, and third-party administrators.