Third-party administrator

RWAM Insurance Administrators partners with EQ Care

Retrieved on: 
Monday, August 10, 2020
Articles, Health Economics, Insurance, Telehealth, Third-party administrator, Healthcare industry

WATERLOO, ON, Aug. 10, 2020 /CNW Telbec/ -A new partnership combining the resources of Telemedicine and Third Party Administration sector giants in Canada, Elmira-based RWAM Insurance Administrators Inc. (RWAM) and Montreal-based EQ Care, will facilitate accessibility of virtual healthcare services to thousands of Canadian families.

Key Points: 
  • WATERLOO, ON, Aug. 10, 2020 /CNW Telbec/ -A new partnership combining the resources of Telemedicine and Third Party Administration sector giants in Canada, Elmira-based RWAM Insurance Administrators Inc. (RWAM) and Montreal-based EQ Care, will facilitate accessibility of virtual healthcare services to thousands of Canadian families.
  • RWAM is one of Canada's most prominent Third Party Administrators of group insurance benefits, offering creative solutions and design built on flexibility and comprehensiveness.
  • The focus on employee wellness and access to care continues to be at the forefront of benefit discussions, and may root as part of the new normal," said Carole Yari, CEO, RWAM Insurance Administrators Inc."This makes an experienced telemedicine partner all the more crucial, and we are delighted to be collaborating with EQ Care."
  • Incorporated in 1988, RWAM Insurance Administrators is one of Canada's largest Third Party Administrators of Group Insurance Benefits and has grown to service and provide protection to over 250,000 Canadians from coast to coast.

Mitchell | Genex Finalizes Coventry Workers’ Comp Services Acquisition

Retrieved on: 
Monday, August 3, 2020
Technology, Insurance, Human resources, Professional services, Networks, Health, General Health, Data management, Other Professional Services, Woonsocket, Rhode Island, Articles, Labour law, Self insurance, CVS Health, Insurance, Self-insurance, Third-party administrator, Rising Medical Solutions, Mitchell | Genex, Coventry Workers’ Comp Services

Mitchell | Genex , a leading provider of cost containment technology, clinical services, and disability management, announced it has finalized its acquisition of Coventry Workers Comp Services from CVS Health (NYSE: CVS).

Key Points: 
  • Mitchell | Genex , a leading provider of cost containment technology, clinical services, and disability management, announced it has finalized its acquisition of Coventry Workers Comp Services from CVS Health (NYSE: CVS).
  • Coventry Workers Comp Services is a prominent provider of care and cost management programs for workers compensation and auto insurance carriers, third-party administrators, and self-insured employers.
  • This is an exciting day for Mitchell | Genex, Coventry and the industries we serve, said Alex Sun, CEO of Mitchell.
  • ( www.mitchell.com ) ( www.genexservices.com )
    Coventry Workers Comp Services offers workers compensation and auto care-management and cost-containment solutions for employers, insurance carriers, and third-party administrators.

DataPath, Inc. publishes whitepaper, "Flexible Compensation: More than Healthcare"

Retrieved on: 
Tuesday, July 7, 2020
Economy, Service industries, Insurance industry, Money, Health Economics, Insurance, Third-party administrator, Employee benefits, Health insurance

The whitepaper examines the positive effect that benefits such as health insurance, healthcare spending accounts, and retirement planning have on employers and workers.

Key Points: 
  • The whitepaper examines the positive effect that benefits such as health insurance, healthcare spending accounts, and retirement planning have on employers and workers.
  • In particular, one benefit program rapidly growing in demand is student loan repayment assistance (SLRA).
  • "As more companies consider offering SLRAs in the coming years, a significant market opportunity may be developing for third party administrators (TPAs)," says Bo Armstrong, DataPath's Chief Marketing Officer.
  • Those who are looking to add another line of service should consider talking to their clients about SLRA plans," says Armstrong.

AbsenceSoft Business Momentum Continues with Record-Breaking Results and Growth in Q1

Retrieved on: 
Tuesday, April 14, 2020
Technology, Software, Insurance industry, Retirement, Third-party administrator, Articles, Economy, Business

The companys achievements were anchored by significant new customer wins across multiple business sectors, along with broad adoption with third-party administrators (TPAs).

Key Points: 
  • The companys achievements were anchored by significant new customer wins across multiple business sectors, along with broad adoption with third-party administrators (TPAs).
  • The companys comprehensive software capabilities are designed to enable all sizes of companies to better serve employees and their families.
  • AbsenceSoft has seen strong growth due to the increased need in the market to reduce risk, save time, and stay compliant while taking better care of their employees.
  • AbsenceSoft growth and momentum this quarter is highlighted below:
    Im extremely pleased with our results in Q1, 2020, and were committed to making significant, additional investments in R & D to support our product roadmap strategies, stated John Huettel, President and CEO of AbsenceSoft.

ClaimVantage Announces Partnership with The Claim Lab to Enhance Data-Driven Claim Management

Retrieved on: 
Tuesday, February 25, 2020
Economy, Service industries, Insurance industry, Articles, Insurance, Third-party administrator, Risk management information systems

The integration between the ClaimVantage Claims solution and The Claim Lab platform provides claim professionals with additional risk management capabilities.

Key Points: 
  • The integration between the ClaimVantage Claims solution and The Claim Lab platform provides claim professionals with additional risk management capabilities.
  • "The Claim Lab is a market leader in their space, working with global insurance companies to improve their approach to strategic risk management," said ClaimVantage CEO, Leo Corcoran.
  • "Providing ClaimVantage customers with that insight directly within their claim management solution is a big move in the right direction, towards better claim outcomes."
  • ClaimVantage offers industry-leading life, health, and absence claim management software solutions for insurance carriers, Third-Party Administrators (TPAs), and large employers.

ClaimVantage Announces Addition of Massachusetts PFML Regulations to Absence Management Solution

Retrieved on: 
Wednesday, February 19, 2020
Economy, Service industries, Insurance industry, Finance, Insurance, Third-party administrator, Identity management

Having rolled out a similar strategy for Washington PFML and other state-paid leaves, ClaimVantage is providing the market with leading absence management and IDAM solutions to drive business development and growth, while ensuring regulatory compliance.

Key Points: 
  • Having rolled out a similar strategy for Washington PFML and other state-paid leaves, ClaimVantage is providing the market with leading absence management and IDAM solutions to drive business development and growth, while ensuring regulatory compliance.
  • Once Massachusetts PFML takes effect on January 1, 2021, the solution will handle the new PFML regulations when determining employee eligibility and benefit calculations.
  • To learn more about ClaimVantage's Absence Management Solution, used by five Fortune 500 companies, visit claimvantage.com/absence-management/.
  • ClaimVantage offers industry-leading life, health, and absence claim management software solutions for insurance carriers, Third-Party Administrators (TPAs), and large employers.

Shareholder Alert: Robbins LLP Reminds Investors It is Investigating the Officers and Directors of Health Insurance Innovations, Inc. (HIIQ)

Retrieved on: 
Wednesday, February 12, 2020
Legal, Professional services, Economy, Service industries, Insurance industry, Articles, Common law, Equity, Fiduciary, Health Insurance Innovations, Third-party administrator, Insurance

Shareholder rights law firm Robbins LLP reminds investors that it is investigating the officers and directors of Health Insurance Innovations, Inc. (NASDAQ: HIIQ) for breaches of fiduciary duties and gross mismanagement.

Key Points: 
  • Shareholder rights law firm Robbins LLP reminds investors that it is investigating the officers and directors of Health Insurance Innovations, Inc. (NASDAQ: HIIQ) for breaches of fiduciary duties and gross mismanagement.
  • Health Insurance Innovations, Inc. operates a cloud-based technology platform and is a distributor of individual and family health insurance plans.
  • According to allegations, HIIQ filed its Florida third-party administrator ("TPA") application in July 2016, which HIIQ needed to operate its core business.
  • While HIIQ was in its application process, the company was under investigation for allegedly fraudulent business practices in 42 states.

Shareholder Alert: Robbins LLP Reminds Investors Health Insurance Innovations, Inc. (HIIQ) Sued for Misleading Shareholders

Retrieved on: 
Friday, January 10, 2020
Legal, Professional services, Economy, Service industries, Insurance industry, Finance, Common law, Equity, Fiduciary, Health Insurance Innovations, Third-party administrator, Insurance

Shareholder rights law firm Robbins LLP reminds investors that a purchaser of Health Insurance Innovations, Inc. (NASDAQ: HIIQ) filed a derivative complaint against the company's officers and directors for alleged breaches of fiduciary duties and gross mismanagement.

Key Points: 
  • Shareholder rights law firm Robbins LLP reminds investors that a purchaser of Health Insurance Innovations, Inc. (NASDAQ: HIIQ) filed a derivative complaint against the company's officers and directors for alleged breaches of fiduciary duties and gross mismanagement.
  • Health Insurance Innovations, Inc. operates a cloud-based technology platform and is a distributor of individual and family health insurance plans.
  • According to the complaint, HIIQ filed its Florida third-party administrator ("TPA") application in July 2016, which HIIQ needed to operate its core business.
  • While HIIQ was in its application process, the company was under investigation for allegedly fraudulent business practices in 42 states.

ClaimVantage Presents "Absence Uncovered: What Your Employees Think They Know" Webinar

Retrieved on: 
Thursday, November 14, 2019
Economy, Service industries, Insurance industry, Finance, 103rd United States Congress, Family and Medical Leave Act, Leave, Insurance, Business process management, Third-party administrator

Over 1200 managers and employees, from US employers with at least 100 employees, were surveyed as part of this research project.

Key Points: 
  • Over 1200 managers and employees, from US employers with at least 100 employees, were surveyed as part of this research project.
  • The Knowledge Gap across both groups was significantly larger for PFL than FMLA, with a gap of over 60% identified.
  • ClaimVantage offers industry-leading life, health, and absence claim management software solutions for insurance carriers, Third-Party Administrators (TPAs), and large employers.
  • ClaimVantage provides cloud-based, automated claims processing solutions that drive efficiency, accuracy, and productivity, helping its customers to deliver superior customer service.

NetClaim Report Shows Digital Transformation in Insurance Is Focused on Claims Intake

Retrieved on: 
Wednesday, November 6, 2019
Data management, Professional services, Technology, Insurance, Software, Economy, Insurance, Service industries, Insurance industry, Types of insurance, Institutional investors, Actuarial science, Third-party administrator, Self-insurance, Underwriting, Digital transformation, Vehicle insurance

NetClaim, a leading software and services solution for insurance claims intake, today announced the release of its 2019 Intake Innovation Report finding claims intake and management identified as the focus of digital transformation in 2020, more than underwriting and investing, or marketing and distribution.

Key Points: 
  • NetClaim, a leading software and services solution for insurance claims intake, today announced the release of its 2019 Intake Innovation Report finding claims intake and management identified as the focus of digital transformation in 2020, more than underwriting and investing, or marketing and distribution.
  • NetClaim conducted a survey of insurance carriers, third party administrators (TPAs) and self-insured business officers to determine how the immediate future of digital transformation in commercial insurance with be defined.
  • 42% respondents said that digital transformation will be focused most on claims intake and management in 2020, more than underwriting and investing (33%), or marketing and distribution (25%).
  • 62% respondents picked auto insurance as the top choice for the type of insurance most likely to see intense digital transformation first.