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by Sage Abra
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Published on: March 03, 2008
Type of content: WHITE PAPER
Format:
Adobe Acrobat (.pdf)
Length: 12 pages
Price: FREE
Overview:
Studies estimate that administrative expenses consume nearly one-third of all healthcare spending in the U.S. Much of that is wasted on inefficient processes. For corporate organizations, paper-based benefits administration results in the inefficient use of HR staff time, more errors, added complexity, compliance risks and unnecessary costs. To protect the bottom-line, small and midsized businesses should take advantage of benefits cost-containment strategies that include paperless benefits management technology.
Benefits administration software, online benefits enrollment, and carrier connectivity solutions all contribute to a more productive, cost-efficient benefits management strategy. These technologies greatly reduce the amount of time it takes to perform routine benefits enrollment and administration, and increase data accuracy, yielding tens of thousands of dollars in savings each year for a midsized business.
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