Tulsa, O.K. – June 17, 2010 - A need to control rising healthcare costs is leading more and more employers to self-fund employee benefit plans. Leading third party administrators, such as Capitol Administrators, are implementing new services and technology to give employers the tools and information needed to control costs and actively manage self-funded health plans.
Capitol Administrators has contracted with Benefit Informatics to utilize Data Integration, Analysis and Reporting solutions for client benefit plan analysis and reporting. Capitol is implementing proven web-based applications to enhance their ability to analyze plan activity and provide both standard and ad-hoc reporting for employer clients.
“Our goal every day is to provide our clients with a level of service that sets us apart from other benefit administrators,” said David Reynolds, President & CEO of Capitol Administrators. “We chose to implement Benefit Informatics solutions into our operations to enhance our level of service and provide our clients with the very best reports and analysis.”
Because Benefit Informatics will integrate a daily upload of claim and member eligibility data into the data warehouse, Capitol Administrators personnel are able to access and share the latest plan information with clients. This helps identify opportunities to better manage health plans and control costs. More than 30 standard reporting and flexible ad-hoc report applications give Capitol clients a comprehensive view of plan activity, trends and benchmarks.
Linda Ludwick, Chief Operating Officer for Capitol Administrators, considers the addition of Benefit Informatics data analysis and reporting technology an important customer service enhancement. “By bringing Benefit Informatics solutions into our operations we expect to increase our efficiency in providing client reporting. BI gives us and our employer clients a number of valuable tools and flexibility in reporting and plan analysis. This information is absolutely necessary to identify and control costs.”