Timonium, MD (PRWEB) January 18, 2005
Benelogic, LLC, the largest online benefits administration firm in the mid-Atlantic region, announced today that it has formed a strategic alliance with McLean, VA-based VitalSpring Technologies, enabling the two companies to bring affordable, proactive metrics and tools to the middle market to aid in controlling sky-rocketing benefit plan costs.
Benelogic offers employers a web-based, rule-driven method of handling employee benefits enrollment that eliminates the error-prone and time-consuming processes associated with traditional paper enrollment. The company manages benefits eligibility for over 1 million lives, and has clients in the commercial and state and local government markets.
"Benelogic sets itself apart by leading change, and not being led by it. As we evolve from benefits administration to benefits management, we continue to utilize technology and partnerships with innovative companies like VitalSpring," said Matt Oros, CEO of Benelogic. "This partnership is a chance to introduce large market solutions to the underserved middle market, at a cost that works for them. And it helps those who have already invested in our tactical solution get the strategic benefit."
VitalSpring Technologies is the first enterprise software company to deliver business performance solutions that enable large, self-insured corporations and government agencies to better manage and control healthcare benefits costs. The company's Health Benefits Performance Suite (HBPS)SM solution won a product of the year award for 2003 by Human Resource Executive Magazine.
"We are excited by the tremendous potential to quickly expand the market penetration of our award-winning technology platform through this exclusive alliance with Benelogic," said Sreedhar Potarazu, president and CEO of VitalSpring Technologies. "The Benelogic technology approach to enrollment is a logical foundation for executives to now embrace the VitalSpring technology approach to total benefits cost management across the enterprise. We are eager to open new channels for HBPS through Benelogic and remain very optimistic about their clients' imminent interest and adoption."
Benelogic clients - who currently benefit from a robust, online benefits enrollment and eligibility management platform - will gain access to HBPS and its impressive, aggregated data analytic engine, allowing them to manage their benefit plan costs proactively, both at the front and back ends. At the front end, they can help drive enrollment and make informed decisions at point of enrollment. At the back end, they can follow-up with analytics and data modeling. Each company's solution compliments and strengthens the impact of the other. Combined, they offer insight and experience that positively impacts employers' health care costs.
About Benelogic, LLC
Benelogic provides intuitive software applications and services designed to simplify employee benefits administration and increase profitability. By enabling the logical use of data to streamline and enhance the benefits administration process, Benelogic offers end-to-end products and services including Human Resources Portal, Employee Portal, Carrier Data Exchange, Payroll/HRIS Integration, Enrollment and Eligibility Warehousing. Benelogic serves employers in all 50 states, Puerto Rico and Canada. For more information, visit http://www.benelogic.com
About VitalSpring Technologies, Inc.
VitalSpring Technologies is the first enterprise software company to deliver business intelligence solutions that enable large, self-insured corporations and government agencies to better manage and control healthcare benefits costs. VitalSpring is the only enterprise software company focused exclusively on leveraging employers' purchasing power within their health benefits supply chain. The Company received two consecutive product of the year awards -- for 2003 and 2004 -- by Human Resource Executive Magazine. For more information, visit http://www.vitalspring.com.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
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