This document discusses healthcare self-funding and plan administration options. Companies can choose to use a single integrated vendor for administrative ease but have less flexibility, or use multiple vendors and have more options but higher administrative burden. AdminaHealth is presented as a platform that allows companies to use multiple vendors through their system, reducing administrative workload for HR and finance teams. It provides payments, reporting, tracking and analytics to help companies better manage healthcare costs and funding.
Proven revenue cycle management supporting profitability in an era of healthcare reform.
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Credit and collections groups are increasingly looking at establishing a shared service center (SSC) or center of excellence as a way to reduce costs and improve efficiencies. But what are the keys to establishing a successful one, and what are the obstacles to achieving that success?
View FIS’ slideshow for answers to these and other questions compiled from out market study, Driving Process Improvements, Technology, Collaboration and Value Across Your Shared Service Center.
Proven revenue cycle management supporting profitability in an era of healthcare reform.
Profitability, efficiency, and enhanced quality of care
A proven, next-generation healthcare revenue cycle management solution that supports traditional and accountable care reimbursement models, Centricity* Business delivers proven revenue cycle
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Driving Process Improvements, Technology, Collaboration and Value Across Your...FIS
Credit and collections groups are increasingly looking at establishing a shared service center (SSC) or center of excellence as a way to reduce costs and improve efficiencies. But what are the keys to establishing a successful one, and what are the obstacles to achieving that success?
View FIS’ slideshow for answers to these and other questions compiled from out market study, Driving Process Improvements, Technology, Collaboration and Value Across Your Shared Service Center.
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Share your thoughts in comments.
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In today’s healthcare system, it is challenging for providers to manage their finance. Denial management process can help to identify errors in your billing process so that it can be corrected in time and thus prevent future denials.
Share your thoughts in comments.
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2. Healthcare Self-Funding
The Administration Trade-off
One Vendor
Locked into a single integrated
vendor for administrative ease
Multiple Vendors
Separate administrative processes
for each service, up to 5x the
administrative burden
2
3. AdminaHealth
Revolutionizing Healthcare Expense
Administration
Your entire healthcare expense
management on one platform
• Save money
• Decrease your administrative burden
• Work with as many vendors as you want
3
(stop-loss, medical, Rx, dental, vision,
wellness, other voluntary benefits)
4. Debunking The Bundling Myth
Myth
Bundling all of your services through
one integrated vendor saves money
Reality
While you may save on administrative
costs,
you lose on:
• Competitive rates
• Flexibility
• Transparency
4
5. When you unbundle services your company invites competition.
You can choose the:
• Best vendors
• With the best features
• At the best rates
Unbundling is Best
5
6. Plan Administration Made Smarter
AdminaHealth compiles all expense-related functions:
• Plan rates and tiers
• Enrollments and true-ups
• Payments and confirmations
• Reporting and tracking
6
Into one easy-to-use portal
7. AdminaHealth Has Something for
Everyone
HR
Easy-to-use, up-to-the
minute accuracy, cost
savings
Finance
Payments, reporting,
trending data, and
transparency in a secure
environment
C-Suite
Obtain the most out of
your company’s
healthcare investment
7
Easier administration. Better Analysis. Deeper Insights.
8. HR: Reduce Reporting Time to Just
Minutes
Less than 5 minutes a week to:
• View and approve claims submitted for payment
• See reimbursements from stop-loss
• View bank balances and projections
Less than 15 minutes at the end of each month to view:
• Monthly vendor payments
• Headcount enrollments and true-ups
• Funding projections and reporting
8
9. HR: Improve Efficiency, Reduce
Manpower
Easy as 1-2-3
1. Review invoices,
enrollments, and
payments for each
week’s claims
2. Click “Approve” to send
electronic payments
3. Vendor invoices are
automatically logged,
reconciled and confirmed
9
10. Finance: Save Money with Better
Reporting, Tracking & Cost
Management
Real-time reporting on bank transfers, deposits, payments & all healthcare-
related charges
Anticipate funding needs
Historical repository of all claims by type and vendor, and transactions
Customized reporting available
10
11. Never Miss A Deadline or Important
Information
• Automated weekly & monthly reminders
• Notifications about unexpected events
• Never worry about having an unexpected insufficient cash balance
11
12. C-Suite: Maximize Your Company’s
Healthcare Investment
More opportunities to
maximize health plan ROI
+
Provide quality benefits
12
Less time on
administrative tasks
+
Better expense
information
=
13. The Team Behind AdminaHealth’s
Robust and Secure Platform
Healthcare “Brains”
• Founder and CEO, Arthur Jonokuchi, brings an extensive background in structured
finance and insurance capital markets. He developed the concept behind
AdminaHealth working with a nationally recognized health & benefits insurance
brokerage firm and actuarial product development team.
Tech “Brawn”
• Operations are headed by Robert Bull, an award-winning C-Suite executive, who
along with being an in-demand speaker at leading tech conferences, oversaw Global
Computing Operations for a worldwide asset management firm.
• AdminaHealth is powered by SAP, partnered with YASH Technologies – your
assurance for quality and dependability
13
14. AdminaHealth: Plan
Administration Made Smarter
14
Strategic
Planning
One Dashboard,
All Information
More Vendor
Choices
Productivity &
Accuracy
Historical
Repository
Cost Savings
15. Thank You
We invite you to learn more and to tour a demo
Visit: AdminaHealth.com Request a demo: demo@AdminaHealth.com
15
AdminaHealth
500 W. Putnam
Avenue Suite 400
Greenwich CT 06830
203-973-7520
Arthur Jonokuchi, Chief Executive Officer
O: 203-973-7501 | M: 203-561-0734
E: a.jonokuchi@adminahealth.com
Robert Bull, Chief Operations Officer
O: 203-973-7503 | M: 203-561-8263
E: r.bull@adminahealth.com
Kathy Cravinho, Manager Client Relations
O: 203-973-7502 | M: 203-517-8908
E: k.cravinho@adminahealth.com
Editor's Notes
(2) Traditionally, companies with self-funded healthcare plans found themselves having to choose between being handcuffed to a single TPA or wrestling with separate administrative processes for each service.
(3) AdminiaHealth solves both problems.
(4) AdminaHealth puts all your healthcare services on one platform. Your company can work with as many vendors as you want without an increased administrative burden
(5) It’s a myth that bundling all of your company’s services through 1 vendor saves money. What you save on administration, you give up on flexibility, transparency, and plan savings.
Possible image: people representing vendors lassoed together standing stick straight
Possible image: 2 people in a boxing rink
(6) The reality is that when you unbundle services, you invite competition and can choose the best vendors with the best features at the best rates.
The words “plan”, “enrollment”, “payments” flowing into a computer screen
(7) AdminaHealth compiles all your plan, enrollment, and payment functions into one easy-to-use portal
The words “plan”, “enrollment”, “payments” flowing into a computer screen
(9) HR needs less than 5 minutes a week to view and approve claims submitted for payment, see reimbursements from stop-loss, and view bank balances
(10) And less than 15 minutes at the end of each month to see payments owed to TPAs, stop-loss provider, and vendor headcount enrollments.
(11) AdminaHealth increases efficiency and accuracy while reducing time and manpower for repetitive manual processes including true-ups, claims processing, invoicing and payments.
Lots of desks (like an accordion or receding mirror images) collapsing into one desk
Checklist with approve, approve, approve and something to show all done!
HR and Finance signs at top of frame or circles with HR and Finance icons, calendar with week highlighted, clock showing 5 minutes
Possible images: Either HR sign at top of frame or circle with HR icon, calendar with week highlighted, clock showing 5 minutes
AND/OR Icon of multiple heads, checklist of payments
Either HR sign at top of frame or circle with HR icon, calendar with week highlighted, clock showing 5 minutes
Screen shot or looking at a screen, something to do with claims
(12) Once invoices and enrollments are approved by HR, Finance electronically wires payments for each week’s claims, while vendor invoices are automatically logged, reconciled and confirmed.
Possible images: Bag of $$ - different $, $, $, $; Either Finance sign at top of frame or circle with Finance icon, calendar with week highlighted, clock showing 5 minutes
(13) AdminaHealth provides real-time reporting on bank transfers, deposits, payments, and all charges related to healthcare benefit plans
(14) Automated weekly and monthly reminders and notifications about unexpected events ensure you never miss a deadline or important information
(15) Plus, AdminaHealth helps to anticipate funding needs so you never have to worry about having an insufficient cash balance.
Possible images: Email notice with “Reminder!” flowing into computer screen; One small money bag with alert; large pile of money bags, Graph with upward trending line; savings as vertical axis label
(13) AdminaHealth provides real-time reporting on bank transfers, deposits, payments, and all charges related to healthcare benefit plans
(14) Automated weekly and monthly reminders and notifications about unexpected events ensure you never miss a deadline or important information
(15) Plus, AdminaHealth helps to anticipate funding needs so you never have to worry about having an insufficient cash balance.
Possible images: Email notice with “Reminder!” flowing into computer screen; One small money bag with alert; large pile of money bags, Graph with upward trending line; savings as vertical axis label
(17) And CFOs and the C-Suite? They find that less time on administrative tasks and better expense information frees up teams to explore new ways to maximize health plan ROI and provide quality benefits.
Possible image: People with light bulbs popping up over their heads
(17) And CFOs and the C-Suite? They find that less time on administrative tasks and better expense information frees up teams to explore new ways to maximize health plan ROI and provide quality benefits.
Possible image: People with light bulbs popping up over their heads
(18) Lose tradition and join the revolution. [pending timing] Plan administration made smarter.
Image: Icons of the 6 key benefits from web home page with labels
(19) That’s AdminaHealth.
[Image: AdminaHealth logo and URL]