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View More Press Releases by AdminaHealth

Press release:

AdminaHealth Revolutionizes Healthcare Expense Administration with New Platform for Self-Funded Plans

Issued by: AdminaHealth

Date: May 4, 2016

COO Robert Bull to Unveil New Platform at SAPPHIRE® NOW and ASUG Annual Conference in May

Greenwich, CT (April 29, 2016) – AdminaHealth, a comprehensive productivity tool that centralizes, integrates and automates all information related to self-funded benefits plan administration, will unveil its new platform at the SAPPHIRE® NOW and ASUG Annual Conference held from May 17-19 in Orlando, FL. Hosted by SAP and ASUG, the conference is the largest global business technology event of the year.

AdminaHealth COO Robert Bull will present “Think Big, Grow Bigger with a Platform That Supports Innovation” geared toward small and mid-size companies. SAP invited Bull to speak along with Amit Chaurasia of YASH Technologies following AdminaHealth’s unprecedented speed to market with a robust and user-friendly platform.

“AdminaHealth is revolutionizing the way companies administer their self-funded healthcare plans,” said Bull. “We are turning the repetitive and labor-intensive HR functions of self-funded healthcare plans into an easy-to-use single platform with our partners at YASH Technologies.”

AdminaHealth is a scalable self-funding platform that enables companies to work with as many vendors as they want – medical, Rx, dental, vision, wellness and other voluntary benefits — under one simple and intuitive platform without increasing the administrative burden on the HR team.

Bull continued, “AdminaHealth debunks the myth that bundling all of your services through one integrated vendor saves money. The reality is that while you may save on administrative costs, you lose on competitive rates, flexibility and transparency. When you unbundle services your company invites competition. You can choose the best vendors with the best features at the best rates.”

AdminaHealth compiles a company’s plan, enrollment and payment related functions in one place, along with historical tracking and trending data. The platform serves as a repository of all bank transfers, deposits, payments and healthcare plan-related charges. Employers can quickly view current balances, scheduled payments and any anticipated funding needs in real time. Automated notifications provide the HR team with weekly and monthly reminders, as well as notifications on all exceptions to normal processes.

“AdminaHealth was built around the idea of improving administrative efficiency and accuracy while reducing time and manpower for repetitive manual processes,” said Arthur Jonokuchi, the company’s founder and CEO. “AdminaHealth revolutionizes healthcare expense administration by providing companies who self-fund an entire healthcare expense management solution on one platform.”

It takes less than five minutes a week to log-in to AdminaHealth to view and approve claims submitted for payment each week, see reimbursements from stop-loss, and view bank balances. At the end of the month, the platform calculates monthly payments owed to TPAs, the stop-loss provider and other vendors based on each client’s plan tiers and rates as well as vendor headcount enrollments. AdminaHealth automatically calculates, reconciles and reports monthly true-ups and issues electronic payments, typically reducing the HR team’s end-of-the-month time commitment to less than fifteen minutes.

AdminaHealth was developed with participation from Salus Finance, a nationally recognized health and benefits insurance brokerage firm and an actuarial product development team. The platform is powered by SAP HANA®, partnered with YASH Technologies for quality and dependability assurance.

AdminaHealth is open for on-boarding any time during the year. For more information, visit www.adminahealth.com or call 203-973-7520. To request a demo, contact demo@adminahealth.com.

About AdminaHealth

AdminaHealth’s automated expense management platform helps companies administer their self-funded healthcare plans. AdminaHealth is a comprehensive solution that provides HR and Finance teams with real-time reporting and facilitates all payments on stop-loss, medical, Rx, dental, vision, wellness, and other voluntary benefits. AdminaHealth’s one-of-a-kind technology offers greater efficiency, transparency and analytics while reducing the time and manpower required for repetitive manual processes.

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SAP, SAPPHIRE, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

View More Press Releases by AdminaHealth


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