“Clients continue to overspend in their administration of benefits,” said Gretchen Winterbottom, Managing Partner, eMergent Benefit Solutions.
Camden, NJ (PRWEB) September 28, 2010
eMergent Benefit Solutions, Inc. ('EBS') announced a partnership with Certifi, a Minneapolis-based benefits technology consultancy, who provides third-party analysis and benefit data audits.
By partnering, EBS and Certifi provide clients with the best of all worlds – efficient movement of benefits data throughout their new online benefits administration system and continual analysis ensuring data accuracy. Companies are spending hundreds of thousands of dollars maintaining antiquated, resource intensive systems that transact and perpetuate faulty data. The end results are cumbersome, cost-intensive business processes that drain companies of valuable time and money.
“Clients continue to overspend in their administration of benefits,” said Gretchen Winterbottom, Managing Partner, eMergent Benefit Solutions. “Each month or pay cycle clients are continuing to try to work with arduous antiquated systems that drain them of needed capital and manpower. This antiquated way of doing business has become the routine in far too many small, mid-sized businesses. This shouldn’t be business as usual.”
According to Jay Belschner, Managing Partner of Certifi, “As health insurance companies scramble to make updates to their legacy benefits systems, they’re actually increasing complexity and the number of data hand-offs by adding new web portals to the front-end of these legacy eligibility and claims systems rather than replacing them. The net result increases the number of times information is transferred from one system to the next, heightening the likelihood of errors. These errors result in service disruption for members, inaccurate claims payments and hundreds of thousands of dollars in financial exposure to employers who sponsor these benefit plans every year.”
EBS' proprietary Web-enabled health and welfare benefits administration software, eLECT, incorporates several innovations and changes the paradigm of how administration services are provided resulting in a unique solution that leverages its technology, administration and consulting expertise while combining proven lean six sigma methodologies into proprietary Software as a Service (SaaS) solutions.
The partnership allows small and mid-sized clients the ability to rectify many of their benefit administration problems and in the process stem the financial leakage they may not be aware of.
Third-party administrators and vendors interested in learning more about the eLECT benefits software solution should visit http://www.electhrsolutions.com and contact:
eMergent Benefit Solutions
About eMergent Benefit Solutions (EBS) (http://www.electhrsolutions.com):
eMergent Benefit Solutions is a technology services firm focused on providing Benefit Administration Solutions using Six Sigma methods to improve business processes. Our expertise is rooted in employee benefits administration and administration consulting. We provide technology solutions for benefits administrators. Our clients rely on us to challenge standard approaches to define, analyze, design, enable and sustain effective process improvements for the HR service delivery model. EBS' mission is to provide leading technologies that have a significant impact on their customers' human resources strategic goals and financial goals.
About Certifi (http://www.certifi.net):
Certifi, Inc. combines decades of industry experience with focused technology to deliver value to our clients. Proprietary benefits data auditing tools help employers, carriers, and payroll or benefits administrators identify, correct, and recover from data errors introduced into the benefits administration data supply chain. Unlike others who perform small sample statistical test audits, Certifi always audits 100% of benefits transactions to mitigate future liability that exists in transactions not otherwise included in a sample population.
In addition to data analysis, and overpayment recovery, Certifi provides targeted consulting services to support our clients in the development or improvement of business processes or technology solutions in all facets of benefits administration.