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Benefit & Risk Management Services' Exclusive Virtual Benefits Administration System (Vbas(R)) Launches Nationally.


SACRAMENTO, Calif. -- Benefit & Risk Management Services, a leading benefit administration and healthcare risk management TPA (Transient Program Area) See transient area.

TPA - Transient Program Area
, is launching its Virtual Benefits Administration System (Vbas(R)) to school districts nationwide.

As the result of a new partnership with a leading voluntary benefits provider, BRMS BRMS Business Rule Management Systems
BRMS Backup and Recovery Media Service
BRMS Backup Recovery and Media Services
 will be building trusted and valued relationships with school districts across the US by providing Vbas(R) as an easy, automated au·to·mate  
v. au·to·mat·ed, au·to·mat·ing, au·to·mates

v.tr.
1. To convert to automatic operation: automate a factory.

2.
 solution to managing their employee benefits and reducing their healthcare costs.

Allowing organizations to administer their entire employee benefits process online, including COBRA cobra, name for African and Asian snakes of the family Elapidae that are equipped with inflatable neck hoods. The family also includes the African mambas, the Asian kraits, the New World coral snakes and a large number of Australian snakes.  and FSA FSA Financial Services Authority
FSA Food Standards Agency (UK)
FSA Farm Service Agency (USDA)
FSA Financial Services Agency (Japan) 
 services, Vbas(R) is a proprietary, secure database that internally manages benefit data, empowering employers to enter, store and manage both employee and benefit information, while providing employees the ability to self-service their benefits any place there is an Internet connection.

Complementing BRMS' healthcare and risk management services, Vbas(R) is a customized technology solution that maintains control of healthcare costs by managing insured data, eligibility, enrollment and consolidated billing in a single database easily accessible online.

"With all employee and benefit information housed in one centralized cen·tral·ize  
v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es

v.tr.
1. To draw into or toward a center; consolidate.

2.
 database, paper files are a thing of the past. All information is available via the Internet and transferred to carriers who allow EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect.  on a pre-scheduled basis, transmitting fully compliant HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health,  data based on the requirements of each carrier," states BRMS President, Scott Reid Scott Reid may refer to:
  • Scott Jeffrey Reid (born 1964), Conservative Party of Canada MP
  • Scott Reid (political advisor), advisor to former Canadian Prime Minister Paul Martin
  • Scott Reid (athlete), a professional hockey goalie from the Central Hockey League
.

"Vbas(R) is BRMS' solution to reducing paperwork, increasing efficiencies and simplifying employee benefit administration processes while reducing costs. Vbas(R) clients will not only increase file cabinet space, they will improve their security by storing their password protected insured data online. Vbas(R) also allows districts to activate easy, automated year-round open enrollment that helps eliminate errors and streamline data transmission to insurance carriers," states BRMS Vice President, Monica Burns, "while providing employees the ability to view plan descriptions, link to physician listings, enroll in selected plans and add dependents with ease online."

About Benefit & Risk Management Services, Inc.

Benefit & Risk Management Services is a leading employee benefit administration and healthcare risk management TPA that is building trusted and valued relationships to reduce healthcare costs. Redefining the value of Third Party Administration with the most advanced technology solutions, BRMS helps over 400 organizations (including IT industry leaders, school districts, credit unions, hospitals, home builders and vineyards) control their benefit costs with advanced administration services, creative funding options and an innovative Web-based Virtual Benefits Administration System (Vbas(R)) that streamlines processes. For more information on BRMS and Vbas(R), visit www.brmsonline.com. Email: info@brmsonline.com
COPYRIGHT 2006 Business Wire
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 19, 2006
Words:416
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