Third-party administrator

NanoVibronix Issues Letter to Shareholders

Retrieved on: 
Tuesday, November 14, 2023

NanoVibronix, Inc., (NASDAQ: NAOV), a medical device company that produces the UroShield®, PainShield® and WoundShield® Surface Acoustic Wave (SAW) Portable Ultrasonic Therapeutic Devices, today issued a letter to shareholders from its Chief Executive Officer, Brian Murphy, providing a review of the third quarter 2023 and recent business developments.

Key Points: 
  • NanoVibronix, Inc., (NASDAQ: NAOV), a medical device company that produces the UroShield®, PainShield® and WoundShield® Surface Acoustic Wave (SAW) Portable Ultrasonic Therapeutic Devices, today issued a letter to shareholders from its Chief Executive Officer, Brian Murphy, providing a review of the third quarter 2023 and recent business developments.
  • We recorded revenues of $458,000 for the quarter ended September 30, 2023 with a loss from operations of $670,000.
  • In the relative year-to-date period, revenues increased 22% and the loss from operations was reduced by approximately 20%.
  • CMS invited NanoVibronix to a public meeting to present our findings and to answer CMS’s questions, which was held June 1, 2023.

Employee Fiduciary Launches a Future Value of 401(k) Fees Calculator to Emphasize the Impact of High 401(k) Fees on Retirement Savers' Balances

Retrieved on: 
Tuesday, November 14, 2023

This tool is designed to show retirement savers how much they can increase their savings in retirement by lowering their 401(k) fees today.

Key Points: 
  • This tool is designed to show retirement savers how much they can increase their savings in retirement by lowering their 401(k) fees today.
  • When a 401(k) account pays fees, the saver won't just miss their principal in retirement.
  • The calculator, available now at www.employeefiduciary.com/401k-fee-future-value-calculator , offers users a view of how fees can impact their retirement.
  • This new calculator fits directly into Employee Fiduciary's goal of empowering 401(k) participants to understand the cumulative effect of fees and to advocate for lower fees.

AmericanTCS Launches FiduciaryxChange to Support 401(k) Sponsors, Advisors and Administrators

Retrieved on: 
Thursday, November 2, 2023

AmericanTCS, a provider of industry-leading financial services to the American workforce, today announced a comprehensive suite of fiduciary services for 401(k) sponsors, advisors and administrators, offered under FiduciaryxChange.

Key Points: 
  • AmericanTCS, a provider of industry-leading financial services to the American workforce, today announced a comprehensive suite of fiduciary services for 401(k) sponsors, advisors and administrators, offered under FiduciaryxChange.
  • The solutions, offered through AmericanTCS Fiduciary Services, LLC, streamline fiduciary responsibilities and minimize the risk and administrative burden of adhering to the Internal Revenue Code, Employee Retirement Income Security Act (ERISA) regulations and the plan document.
  • Clients using the services of FiduciaryxChange are assigned a dedicated and experienced compliance manager.
  • When delivering FiduciaryxChange’s services – including PEPs, 402(a) Named Plan Fiduciary Services and Delegated Plan Administrator support – AmericanTCS maintains a specific Prudent Expert Standard of Care.

TPA Stream announces the launch of consolidated invoicing product

Retrieved on: 
Tuesday, October 31, 2023

CLEVELAND, Oct. 31, 2023 /PRNewswire/ -- TPA Stream, an insurance technology software company committed to improving how benefits are administered, today announced the launch of consolidated invoicing, expanding their billing solutions to all third party administrators.

Key Points: 
  • CLEVELAND, Oct. 31, 2023 /PRNewswire/ -- TPA Stream, an insurance technology software company committed to improving how benefits are administered, today announced the launch of consolidated invoicing, expanding their billing solutions to all third party administrators.
  • TPA Stream announced the launch of consolidated invoicing to all third party administrators.
  • Consolidated Invoicing by TPA Stream connects with any benefits administration system and pulls all information needed to either calculate fees and/or directly add them to a consolidated invoice.
  • TPA Stream's invoicing solutions are currently used by Third Party Administrators across the country nationally and combined, users have saved over 29,000 hours on invoicing using TPA Stream.

Employee Fiduciary Submits Comment Letter to U.S. Department of Labor Advocating for Greater 401(k) Fee Transparency

Retrieved on: 
Tuesday, September 5, 2023

The letter was written by Employee Fiduciary's President and CEO, Eric Droblyen, CPC, QPA.

Key Points: 
  • The letter was written by Employee Fiduciary's President and CEO, Eric Droblyen, CPC, QPA.
  • It addresses several key areas of concern, with a primary focus on the need for enhanced clarity and transparency in how 401(k) fees are presented to participants.
  • "We firmly believe in 401(k) fee transparency and the imperative need for participants to clearly understand the implications of these fees.
  • To read a copy of the comment letter and gain further insight into Employee Fiduciary's perspective on 401(k) fee transparency, visit www.employeefiduciary.com/blog/dol-401k-fee-disclosure-feedback .

Snapsheet Secures Strategic Investment from State Farm Ventures®, Fueling Digital Innovation in Claims

Retrieved on: 
Tuesday, July 18, 2023

CHICAGO, July 18, 2023 /PRNewswire/ -- Snapsheet, an industry leader specializing in claims management technology, today announced a strategic investment from State Farm Ventures.

Key Points: 
  • CHICAGO, July 18, 2023 /PRNewswire/ -- Snapsheet, an industry leader specializing in claims management technology, today announced a strategic investment from State Farm Ventures.
  • Through its innovative platform, Snapsheet streamlines and expedites the claims process, providing insurers and policyholders with a seamless, user-friendly experience.
  • "This investment solidifies Snapsheet's position as an industry leader and highlights State Farm's commitment to fostering digital innovation within the insurance claims landscape," said Snapsheet CEO & Founder, Brad Weisberg.
  • "State Farm Ventures has been tracking Snapsheet for a while and is pleased to invest in them as a differentiated claims technology company," said Michael Remmes, VP of State Farm Ventures.

Insurity to Provide Sure Claims Payments as a Standalone Offering, Allowing Insurers to Go Live with the Cloud-Based Solution in Just 4 Weeks

Retrieved on: 
Wednesday, May 17, 2023

Sure Claims Payments, powered by Dream Payments and connected to J.P. Morgan Payments, enables P&C insurance organizations to pay claims in as little as 30 seconds with integrated digital payment options.

Key Points: 
  • Sure Claims Payments, powered by Dream Payments and connected to J.P. Morgan Payments, enables P&C insurance organizations to pay claims in as little as 30 seconds with integrated digital payment options.
  • Previously, Sure Claims Payments was only available to insurance organizations through integrations with Insurity's cloud-based claims solutions and APIs for non-Insurity claims systems.
  • Sure Claims Payments now comes with the new Express Launch capability enabling insurance organizations to launch digital payments in as little as four weeks.
  • "Sure Claims Payments is already accelerating the claims payments process, providing insurance organizations with the ability to issue digital payments in their claimant's chosen method while scaling to meet high claims volumes," said Sylvester Mathis, Chief Insurance Officer at Insurity.

Russell Roberts Joins The National Air Transportation Association Compliance Services (NATACS) As Its Chief eXperience Officer (CXO)

Retrieved on: 
Tuesday, March 28, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230328005331/en/
    Russell Roberts, former Assistant Administrator and Chief Information Officer for the Transportation Security Administration (TSA) joins NATA Compliance Services as their Chief eXperience Officer (CXO).
  • (Photo: Business Wire)
    Russ will be responsible for overseeing all aspects of NATACS’ External and Internal Stakeholder Experience, which includes clients, strategic partners and vendors.
  • “We are excited to announce Russ Roberts has joined NATA Compliance Services,” says CEO Michael Sundheim.
  • His TSA career began in 2004 and has over 33 years of experience as a transportation professional and leader.

Xalles Acquires InnovationsHR to Establish a Foothold in the US Healthcare Financial Ecosystem

Retrieved on: 
Monday, March 13, 2023

WASHINGTON, D.C., March 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, today announced that it has executed an acquisition agreement with Texas-based InnovationsHR, Inc. (“IHR”) to become a wholly owned subsidiary under Xalles Financial Services Inc.

Key Points: 
  • In addition, InnovationsHR has partnered with Ovation Health plan, a recognized leader in healthcare innovation.
  • Ovation Health Plan was featured on Advancements TV, hosted by Ted Danson, as the future of healthcare.
  • Unlike other PEOs, employers who work with InnovationsHR can select from a menu of services and know the cost in advance.
  • “We are thrilled to have Dr. John McCormick and his team, bringing a variety of solutions to the healthcare industry, to now be part of Xalles,” commented Xalles Holdings CEO Thomas Nash.

Ebix Hosts its Largest Customer Conference Beginning Today

Retrieved on: 
Tuesday, February 21, 2023

JOHNS CREEK, Ga., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: “Ebix”), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced that it is hosting its largest North American customer conference in a decade, in Orlando, Florida, beginning today.

Key Points: 
  • JOHNS CREEK, Ga., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: “Ebix”), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced that it is hosting its largest North American customer conference in a decade, in Orlando, Florida, beginning today.
  • The 3-day customer and user group conference is being attended amongst others, by representatives from top life and health insurance companies, leading banks, financial institutions, top industry distributors, Third Party Administrators, and a host of industry partners.
  • Attendees also include over 50 Ebix North America executives, who will present and unveil product updates and future roadmaps, targeted at taking the insurance industry forward in terms of efficiency and growth.
  • “I am pleased to say today that the success we saw in 2022 is continuing into 2023.