IDC Analyst Paper Focuses on Biggest Challenges Facing Health Plans and Third-Party Administrators
The Most Group’s eBenefitSync is the only proven end-to-end solution with robust integration capabilities that simplifies long, laborious product configuration and reduces the cost of benefit plan management by establishing a single source of truth.
SOUTHFIELD, MI and WASHINGTON, D.C. – April 11, 2016: The Most Group, the only provider of software for health plans and third-party administrators (TPAs) that is guaranteed to perform, today responded to an IDC paper about the biggest challenges facing health plans and TPAs, citing eBenefitSync as the only benefit plan management solution that simplifies today’s error-prone product configuration, overcomes integration issues, and reduces the cost of benefit plan management with a single source of truth. The IDC Analyst Connection document "Product/Benefit Configurators: An Integration Challenge" by Research Director of Payer Strategies Jeff Rivkin focuses on the typically long, laborious product configuration as the primary culprit behind the inability to quickly meet the needs of the changing insurance landscape. It also identified criteria for a solution, including bi-directional integration with various systems that interface with the product system of record and the ability to automate the creation of formal product documentation.
"Unaware of eBenefitSync, many plans have learned to live with manual processes or home-grown band-aid approaches that use Excel and Access or have chosen business process management (BPM) tools that haven’t delivered value." explained The Most Group’s Managing Partner and Chief Architect Mohammed Vaid at the World Health Care Congress being held today through April 13 in Washington, D.C. "The IDC paper is spot on in identifying integrated product configuration as a key driver of improved efficiency, yet one of the most neglected areas. That is exactly why The Most Group created eBenefitSync, which is the only proven end-to-end solution with robust integration capabilities that meets all the requirements outlined in the IDC paper."
eBenefitSync streamlines even the most customized product configurations. It makes onboarding and renewing clients 45-70 percent faster, reduces implementation and administrative costs by up to 75 percent, and is the only automated solution that integrates with the FacetsTM system. It was voted Best Newcomer for 2014 at the Healthcare IT Summit and Corp! Magazine’s 2016 DiSciTech winner for innovative technology solutions for health insurance and benefits providers.
ABOUT THE MOST GROUP
The Most Group (TMG) helps health plans and healthcare system integrators cost-effectively build, maintain and deliver benefit plans – from standard and regulated offerings to complex, highly customized products for large groups. The company was voted Best Newcomer for 2014 at the Healthcare IT Summit and Corp! Magazine’s 2016 DiSciTech winner for innovative technology solutions for health insurance and benefits providers. TMG is based in Southfield, Mich., with offices in Pune, India, and is certified for international ISAE 3402 Standards.