GREENWICH, CT, Nov. 8, 2018 — AdminaHealth LLC, a leading provider of technology and financial solutions for benefits administrators, today announced a partnership with Employee Navigator, a leader in the benefits and human resources software space.
Under the terms of the partnership, Employee Navigator will offer AdminaHealth’s Consolidated Billing, Reconciliation, and Payment Management as well as its Liquidity Solutions to existing and new customers through its marketplace.
AdminaHealth’s Consolidated Billing & Benefit Reconciliation Platform help organizations obtain real-time visibility into their benefits enrollment and spend. In turn, this ensures they are paying the right amount to their carriers and benefit vendors, then easily processes the necessary payments accurately and on time through the federal banking system.
AdminaHealth’s Liquidity platform offers a customized alternative with significantly more upside potential than traditional level-funded options for companies looking to make the transition from fully insured to self-funded. Cutting edge technology combined with a unique financial liquidity product yields a platform that provides insight, transparency, and security to alleviate financial and operational barriers that prevent making the transition to self-funding with confidence.
The timing of the partnership is serendipitous, as rising employee premiums are forcing benefits administrators to take a closer look at costs and consider new ways to rein in expenditures.
“We are thrilled to be fully integrated with Employee Navigator,” said Robert Bull, CEO and founding partner of AdminaHealth. “Our partnership will enable organizations and brokers to streamline billing, and identify enrollment discrepancies much more quickly and accurately, saving significant time and money. We’re doubly excited that our Liquidity Solutions, in combination with Employee Navigator’s software, will enable organizations to transition to self-funded, that once thought it either too risky, or did not see sufficient potential upside, because of the high costs of level-funded plans.”
AdminaHealth LLC is a cloud-based solutions provider that develops technology and financial solutions for the benefit and insurance marketplace. The company provides unique operational, reporting and financial solutions to brokers, TPAs, captive managers, and the employers and associations they serve to gain efficiencies that reduce costs while maintaining or even increasing coverage levels.
About Employee Navigator
Employee Navigator makes software to help the nation’s leading insurance brokers, insurance carriers and HR departments make running a business easier.