bswift Benefit Carrier Billing Reconciliation

bswift Practice: Benefit Carrier Billing Reconciliation Automation Solutions

Time is precious, get time back in your day by automating your bswift benefit carrier billing reconciliation process to spend your time on more strategic initiatives.  All while reducing redundant tasks, risk, costs, and additional benefits.  Providence Technology Solutions is a trusted industry-leading expert and we have created a tool to automate your benefits carrier billing reconciliation process.  What happens when only one employee knows this manual process and then leaves or is unexpectedly out of the office?  You can find out or prevent this scenario by implementing our solution, which was created by the very scenario above.  Optimize and document this process, uncover all of the 'hidden costs' and identify the true cost of your benefits. 

Ask yourself, is your monthly reconciliation of carrier invoices against payroll deductions time consuming and a cumbersome manual process?  If yes, we have a solution for you.

Providence will work with you to review your current benefit carrier billing reconciliation process, gather information about your benefit plans and rates, gain access to your carrier sites and payroll system.  We will use your legacy manually produced Excel files as the template for developing our proprietary automated audit reconciliation and voucher output documents for use by your HR team to validate payroll deductions against carrier enrollment and for your Finance team to enter costs correctly on the General Ledger and make payment to carriers.

Automating Your Benefits Carrier Billing Reconciliation Process Provides The Following Value Adds:

• Reduced time to audit, reconcile and produce vouchers 
• Add a Processing Log to identify potential errors, including flags for:
  • Payroll deductions without enrollment on carrier invoice
  • Populate termination date in “Notes” column to expedite HR review of discrepancies

Reducing errors by performing an additional audit at renewal to compare the HSA elections to the medical enrollments, to ensure that any employee with an HSA contribution was enrolled in an HSA eligible plan and level. 

Additional bswift Solutions:

• bswift Consulting
• bswift Implementation And Case Building
• bswift ACA Consulting And Support
• bswift Documentation and Training
• bswift Optimization
• bswift Contractors
• bswift Managed Services
• bswift EDI Support

For more information on how Providence can assist you with your bswift needs, you can contact us online by completing the form below. Our team is ready to help your company streamline processes and services to enhance ROI and achieve business goals.