One of the many effects of COVID-19, and the resulting work-from-home environment, is the mass migration to digital tools. Depending on spreadsheets to manage premium billing is no longer a viable option. Billing is a mission critical workflow—the strategic bridge between enrollment and benefit administration and the carrier for the full portfolio of benefits including healthcare, insurance, and voluntary benefits.
As we approach the new year 2021, we eagerly look toward getting past that devastating intruder, COVID-19. The ongoing pandemic, along with the continued rapid growth of voluntary benefits, presents unique challenges for HR departments, brokers, and consultants.
AdminaHealth has been named one of six finalists from a pool of 400+ insurtech companies to participate in a pitch competition to represent InsurTech Hartford during the ITC World Tour. AdminaHealth was cited for advancing insurance technology at a time when employers, brokers, TPAs, and more are looking for ways to expand coverage offerings while reducing administrative costs.
Over the last few years, there has been tremendous growth in the diversification of employee benefit plans, including healthcare and voluntary benefits, within companies of all sizes. While this brings significant advantages to meet retention and recruitment objectives, all the different plan options and coverages, coupled with the number of contributing carriers to complete the process, often create billing and reconciliation administrative challenges for benefits administrators and human resources alike. Enter AdminaHealth.
AdminaHealth released the results of their Future of Premium Billing: 2020 and Beyond Survey this week. The survey pointed to key indicators outlining the need for technology that can streamline the currently manual, time-intensive processes involved with employee benefit billing administration.
Thank you for your participating in the below survey. Upon completion, in Q2 you will receive a white paper outlining the survey findings across our community. You will also be entered into a giveaway for a new FitBit Versa 2! If you want to DOUBLE your chances of winning, simply “Follow” AdminaHealth on LinkedIn. Follow […]
How often are you able to rest assured that your employee benefit billing administration is done accurately and on time? Here are seven tips to minimizing errors in your billing administration.
Employee healthcare and voluntary benefits premium billing is at a tipping point. As companies modernize their core applications such as enrollment, benefit administration, and payments, they are also in a position to simplify, consolidate, and automate reconciliations—and transform business operations. Streamlining and improving premium billing through the use of technology does not require massive development […]
Digital billing. Automated reconciliation. Electronic payments. In some industries, these are already the norm. Banks have adopted electronic payments in a big way for capital markets trades and settlements. Some of the same fundamental approaches can be used in benefits billing, with much smaller investments. Over the next few years, the digital evolution will sweep […]
AdminaHealth is featured as one of the top 10 InsureTech startups of 2019 by Insurance CIO Outlook magazine for the AdminaHealth Billing Suite SaaS platform