Visibility added To Health-Plan Packages - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications
News
8/27/2004
05:00 PM
Connect Directly
Twitter
RSS
E-Mail
50%
50%

Visibility added To Health-Plan Packages

System cuts benefits costs by automating processes and improving data capture

The builder of an online shopping mall for group health-plan brokers and consultants, BenefitPoint Inc., this week adds procurement and customer-relationship management to its services. The application, Aptus, lets insurance brokers compare proposed group health plans side by side and can help them gain more leverage in getting the best deals for their business clients.

"It takes minutes instead of hours to do the research," says Jann McCully, CIO of ABD Insurance and Financial Services, a broker serving 900 clients. The service eliminates the need for ABD employees to pull together each insurer's health-plan information from spreadsheets, Word documents, E-mails, and file folders. "I never thought our 150 health-insurance benefit professionals would operate in a paperless environment," she says.

ABD and 310 other health-insurance brokers and consultants are signed to use the Aptus platform for designing health-care plans to show to clients. All plan information for 420 insurance carriers is stored in an Aptus database. When an employer seeks a change to an existing plan, the insurer can immediately see the request. Likewise, when an insurer has a new benefit, employers and brokers can review it online. Brokers and consultants can solicit bids from insurers on the site.

The service drives costs out by automating manual processes and improving data capture and reporting, BenefitPoint says. Pricing wasn't announced; brokers pay a subscription fee on a per-seat basis and carriers pay royalties on sales.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Slideshows
Reflections on Tech in 2019
James M. Connolly, Editorial Director, InformationWeek and Network Computing,  12/9/2019
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Slideshows
Flash Poll