Third-party administrator

5Star Life Insurance Joins The Paylogix Co-op Program as a Premier Provider

Retrieved on: 
Tuesday, November 17, 2020
Health Economics, 5Star, Channel 5, Third-party administrator, Insurance, Economy, Service industries

WESTBURY, N.Y., Nov. 17, 2020 /PRNewswire/ --Paylogix, a Third-Party Administrator for insurance payment processes and enrollment technology, announces 5Star Life Insurance Company (5Star Life) has joined the Exchange Builder Premier Provider offering.

Key Points: 
  • WESTBURY, N.Y., Nov. 17, 2020 /PRNewswire/ --Paylogix, a Third-Party Administrator for insurance payment processes and enrollment technology, announces 5Star Life Insurance Company (5Star Life) has joined the Exchange Builder Premier Provider offering.
  • Both 5Star Life and Paylogix have developed this solution for the broker community to streamline the enrollment and billing obligations on any case type.
  • 5Star Life selected Paylogix to develop a customizable self-service enrollment platform for any employer size.
  • "Paylogix has the talent and industry experience," said Sal Campanile, Vice President, of Worksite Group & Voluntary Benefit Sales with 5Star Life.

Reliance Standard announces new leadership and officer appointments at Matrix Absence Management

Retrieved on: 
Tuesday, November 17, 2020
Professional services, Insurance, Finance, Articles, Self insurance, Insurance, Management, Self-insurance, Matrix, Third-party administrator, Reliance Standard, Matrix Absence Management

Reliance Standard and Matrix Absence Management announced today that Mark Marsters has been named President of Matrix Absence Management.

Key Points: 
  • Reliance Standard and Matrix Absence Management announced today that Mark Marsters has been named President of Matrix Absence Management.
  • Mark additionally retains his role as Senior Vice President and Chief Operating Officer at Reliance Standard.
  • Matrix Absence Management a leading third-party administrator (TPA) managing insured and self-insured absence, disability and workers compensation programs.
  • Reliance Standard and Matrix Absence Management are members of the Tokio Marine Group.

ACH Processing Company Offers “Virtual/PCard” Payment Solution for Healthcare Payers to Recoup Revenue

Retrieved on: 
Tuesday, November 17, 2020
Other Health, Software, Banking, Accounting, Professional services, Technology, Hospitals, Dental, Insurance, Practice Management, Finance, Health, Business, Articles, Economy, Procurement, Accounts payable, Purchasing card, Third-party administrator, Payment processor, Payment

ACH Processing Company, a leading B2B payment processing and financial technology service provider founded in 1998, today announced an accounts payable virtual card payments Virtual/PCard solution for healthcare payers and Third Party Administrators (TPAs) to help recoup lost revenue during COVID-19.

Key Points: 
  • ACH Processing Company, a leading B2B payment processing and financial technology service provider founded in 1998, today announced an accounts payable virtual card payments Virtual/PCard solution for healthcare payers and Third Party Administrators (TPAs) to help recoup lost revenue during COVID-19.
  • Both large and mid-sized TPAs and healthcare payers can earn significant amounts depending on the number of claims processed.
  • For information on how ACH Processing Companys Virtual/PCard works and helps healthcare payers and TPAs earn cash rebates, download the free white paper .
  • Founded in 1998, the ACH Processing Company is a leading B2B payment processing and financial technology service provider with a suite of payment processing services and online merchant solutions.

PenChecks Launches New Online Retirement Distribution Processing Platform

Retrieved on: 
Monday, November 16, 2020
Individual Retirement Accounts, Personal finance, Insurance industry, Retirement, Third-party administrator, Pension, Economy, Articles, Finance

More robust and powerful, Amplify offers state-of-the-art online payment processing to provide a simpler and more efficient way for third-party administrators (TPAs), plan sponsors, recordkeepers, financial institutions and plan participants to manage their retirement benefit distributions.

Key Points: 
  • More robust and powerful, Amplify offers state-of-the-art online payment processing to provide a simpler and more efficient way for third-party administrators (TPAs), plan sponsors, recordkeepers, financial institutions and plan participants to manage their retirement benefit distributions.
  • "PenChecks has carved out a niche in the retirement plan market by developing highly efficient distribution technologies that automate repetitive, time-consuming processes," says PenChecks President and CEO Spiro Preovolos.
  • PenChecks Director of Product Kelsey Wolstencroft, who led the design phase for Amplify, describes it as "a holistic solution for retirement payment/benefit needs, combining intuitive navigation with robust functionality for better processing and tracking of benefits."
  • PenChecks Trust Company of America (PenChecks Trust) is a state-chartered, non-depository trust company and the largest independent provider of outsourced benefit distribution services and Automatic Rollover IRAs and Missing Participant IRAs in the country.

Napa River Insurance Services Names Suzanne Shields as Director

Retrieved on: 
Thursday, November 12, 2020
Finance, Banking, Professional services, Other Professional Services, Insurance, Napa, California, Napa Valley, Geography of California, St. Helena, California, Insurance industry, Retirement, Third-party administrator, Insurance, Napa, Economy

Napa River Insurance Services, Inc. (Napa River), the third-party administrator (TPA) wholly-owned by Hudson Insurance Group (Hudson), today announced the appointment of Suzanne Shields as its new director.

Key Points: 
  • Napa River Insurance Services, Inc. (Napa River), the third-party administrator (TPA) wholly-owned by Hudson Insurance Group (Hudson), today announced the appointment of Suzanne Shields as its new director.
  • Sue brings an unparalleled level of experience and knowledge to Napa River, said Peggy Killeen, senior vice president and chief claims officer of Hudson.
  • Napa River Insurance Services, Inc. is a California domiciled third-party administrator that provides superior claims and risk management services to clients in niche markets.
  • Its employees are located in Napa, CA; Chicago; Indianapolis; New York and Avon, CT. Napa River is a wholly-owned subsidiary of Hudson Insurance Company.

Constellation Affiliated Partners Announces Acquisition of Trinity Transportation Services and Global Claims Service

Retrieved on: 
Tuesday, November 3, 2020
Constellation, Exelon, Third-party administrator, Articles, Business, Economy

NEW YORK, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Constellation Affiliated Partners (Constellation) today announced the acquisition of Trinity Transportation Services (Trinity) and Global Claims Service (Global).

Key Points: 
  • NEW YORK, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Constellation Affiliated Partners (Constellation) today announced the acquisition of Trinity Transportation Services (Trinity) and Global Claims Service (Global).
  • Walt Sliva, CEO of Trinity Transportation and Global Claims Service, states, "We are excited by the opportunity to join Constellation's platform of MGAs.
  • Additionally, the acquisition of Global Claims Service provides increased claims capacity for the growing network of companies within the Constellation umbrella.
  • Global Claims Service is a property and casualty third party administrator founded in 1999 that exclusively handles claims for Trinity Transportation Services.

Insurance Third Party Administrators Market - Global Growth, Trends, and Forecast 2020-2025 - ResearchAndMarkets.com

Retrieved on: 
Friday, October 30, 2020
Insurance, Professional services, Insurance industry, Economy, Service industries, Legal professions, Insurance, Claims adjuster, Third-party administrator, Articles, Public adjuster

The "Global Insurance Third Party Administrators Market | Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Insurance Third Party Administrators Market | Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
  • They may also administer claims on behalf of businesses that have self-funded their health, dental, or other benefit plans.
  • The market size of the Third-Party Administrators & Insurance Claims Adjusters industry in the US has grown 5.1% per year on average between 2015 and 2019.
  • The report includes an overview of insurance third party administrators operating across the globe.

Transamerica Announces New Small Business Initiative to Support Retirement Plan Participants, Sponsors and Third Party Administrators

Retrieved on: 
Friday, September 25, 2020
Transamerica, Third-party administrator, Economy, Business, Finance, Transamerica Corporation

BALTIMORE, Sept. 25, 2020 /PRNewswire/ -- Transamerica today announces a new retirement plan initiative for small business employees, employers, and third party administrators, to help them better navigate the challenges that today's economy poses for retirement savers.

Key Points: 
  • BALTIMORE, Sept. 25, 2020 /PRNewswire/ -- Transamerica today announces a new retirement plan initiative for small business employees, employers, and third party administrators, to help them better navigate the challenges that today's economy poses for retirement savers.
  • Transamerica is enabling participants to receive personalized, fee-waived investment advice through Transamerica's Managed Adviceservice, along with access to one-on-one support from qualified Transamerica Investment Adviser Representatives.
  • For small business employers that bring the organization's retirement plan to Transamerica by December 31, 2020, Transamerica will offer certain fee waivers or credits to the plan sponsor through the end of first quarter, 2021, when the qualifying retirement plan is implemented with Transamerica.
  • Transamerica is also extending its small business initiative to the independent third party administrator (TPA) firms that provide administration and/or compliance services to the plan.

DataPath publishes whitepaper focused on helping TPAs increase adoption of healthcare benefits accounts

Retrieved on: 
Tuesday, September 8, 2020
Employee benefits, Articles, Third-party administrator, Business, Economy

The whitepaper provides insights on employer-sponsored benefit packages, employee satisfaction with their benefits, and how third party administrators (TPAs) can increase account adoption during enrollment season.

Key Points: 
  • The whitepaper provides insights on employer-sponsored benefit packages, employee satisfaction with their benefits, and how third party administrators (TPAs) can increase account adoption during enrollment season.
  • In the paper, DataPath examines the key reasons employers should offer more substantial benefits and how a benefits package shapes employee views of the company.
  • While studies show that employees are generally satisfied with what their employers offer, account adoption is still lacking according to the whitepaper.
  • This whitepaper provides TPAs with proven approaches that can help them reach those employee groups and hopefully engage them enough to take advantage of their available benefits."

Maestro Health Appoints Kathleen Sweitzer as General Counsel and Pete Murphy as Chief Technology Officer

Retrieved on: 
Tuesday, August 25, 2020
Service industries, Insurance, Business, Insurance industry, Retirement, Third-party administrator, Cision, Sweitzer, Aon

CHICAGO, Aug. 25, 2020 /PRNewswire-PRWeb/ -- Maestro Health , tech-enabled third-party administrator (TPA) for employee health and benefits, today announced the appointments of Kathleen Sweitzer as General Counsel and Pete Murphy as Chief Technology Officer.

Key Points: 
  • CHICAGO, Aug. 25, 2020 /PRNewswire-PRWeb/ -- Maestro Health , tech-enabled third-party administrator (TPA) for employee health and benefits, today announced the appointments of Kathleen Sweitzer as General Counsel and Pete Murphy as Chief Technology Officer.
  • Sweitzer leads Maestro Health's legal, compliance and security teams, and Murphy oversees all technology strategy and delivery.
  • Prior to Maestro Health, Sweitzer served as Associate General Counsel at Aon where she was the chief lawyer for the U.S. Health Solutions business, which provides a broad range of services to health plans, healthcare entities and employers.
  • When partnering with Maestro Health, employers can save money on healthcare and focus on what really matterstheir people.