Creativity is Good for (Almost) Everyone Employers and employees facing rising healthcare costs nationwide isn’t new. The days when a low deductible health plan was the only option available to employees — and the only…
Numerous software systems are available for employers and employees for day-to-day HR functions. These software systems allow companies and their employees to track time, manage payroll and tax information, enroll in benefit programs, analyze performance, and more.
In addition to understanding how your performance affects the overall experience people have with you as a TPA, another TPA best practice focuses on understanding the HR software that employer groups and plan participants use to manage information.
As a TPA, You’re Responsible to More Than Your Brokers and Employers You’re responsible to their participants. The employees and policyholders that are relying on you to assist them with enrollment and claims reimbursement/substantiation — whether…
Best Practice #1: Understand Your Groups, Their Participants, and the Needs of Both First things first: Relationships matter. This standard applies to third party administrators just as much as any other organization in any other…
As employers, employees, and brokers rush to submit enrollment and eligibility files before year-end, third party administrators (TPAs) find themselves swamped with entering this data in just a few weeks time. Adding fuel to this…
Healthcare administration costs have been a hot topic recently. Hospitals and physicians are attempting to cut costs on administration, which can contribute up to 25% of total healthcare costs. One of the major reasons healthcare…
CLEVELAND–(BUSINESS WIRE)–TPA Stream, a health insurance administration software company that developed the proprietary STREAM technology for automating health insurance administration, announced today the completion of $800,000 in series seed financing. Using STREAM technology, third-party administrators…
In today’s changing health care industry, hospitals and physicians are constantly looking for ways to reduce their costs and increase profits. With hospital administrative costs now exceeding 25 percent of their expenses, healthcare providers are…
Health Insurance Administration is an essential part of the claims and filing process. This extremely complex process, coupled with the numbers of payers in the system leads to increased costs for service providers and insurance…
TPA Stream is a thriving, innovative insurance technology company committed to empowering better benefits by connecting systems, transforming data, and helping TPAs unlock more revenue.
