BenefitPoint, Inc. Signs Deal with Word & Brown Insurance Administrators Inc., One of the Nation's Largest Group Health Insurance Distributors.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--May 14, 2003 BenefitPoint, Inc., the employee benefits industry's leading web-based platform for client management and procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , announced today that it has entered into a partnership with Word & Brown Insurance Administrators Inc. for the use and distribution of the BenefitPoint platform. Word & Brown is one of the nation's largest distributors of health insurance and related administrative services in America, serving more than 30,000 brokers and consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a nationwide. As a result of this partnership, Word & Brown will utilize the BenefitPoint platform for client management that includes annual renewal processing and obtaining competitive bids for evaluation. Word & Brown and BenefitPoint are building a custom program that employs a state-of-the-art commission tracking system and quotes and compares all available health plans for small business groups with two to 50 employees. This enhanced client management platform for small businesses will be launched nationwide through the resources of Word & Brown. "With this partnership, the BenefitPoint platform will now be in service with small, middle and large group market segments. We look forward to providing tens of thousands of brokers with the power of BenefitPoint's client management and procurement platform through a completely integrated system," said John Randazzo, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BenefitPoint. "This partnership allows us to provide improved service to our existing customers and creates the opportunity for us to offer an enhanced version of the BenefitPoint platform to a new market of health insurance brokers," said John Word, Co-Founder and Managing Partner of Word & Brown. About Word & Brown Insurance Administrators Inc. The Word & Brown General Agency offers complete health insurance distribution services to insurance brokers. In addition, it's CaliforniaChoice brand is recognized as the largest distributor of health plans and ancillary health products in California, serving over 10,000 small businesses and more than 150,000 employee participants. The success of the CaliforniaChoice program has led to the recent acquisition of Benefit Alliance, a 50+ employee health insurance purchasing pool, and the establishment of Choice Administrators, Word & Brown's endeavor to take this proven concept nationwide. In addition, Word & Brown notes that its CONEXIS division is a leading national 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. , Section 125 and HRA HRA Health Reimbursement Arrangement HRA Health Risk Assessment HRA Housing and Redevelopment Authority HRA Human Resources Administration HRA Health Reimbursement Account HRA Housing Revenue Account administrator. The firm has over 300 employees and offices in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Orange, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. and San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. . Last year, the Health Insurance Association of America recognized the company's efforts in the areas of cost control for employers and choice for employees with HIAA's prestigious annual "Innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. Award." The award honors one company in America whose contributions that have led to "true industry advancement." Further information on the company may be obtained at www.wordandbrown.com About BenefitPoint, Inc. BenefitPoint delivers the industry's leading web-based platform for client management and procurement, making it easier for employee benefits professionals to buy, sell and manage benefits. Brokers, consultants and carriers realize expanded business opportunities, operational efficiencies and a greater ability to deliver quality information and services to employers and employees. BenefitPoint has achieved widespread industry adoption with over 370 broker and consultant offices accessing the system, loading 40,000 employer clients on the platform, covering 22 million employees and approximately $70 billion in premium. Over 420 carrier organizations use BenefitPoint to access broker and consultant RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. and renewal requests. The company, headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA, can be reached at 415.277.5600. Take a tour of the BenefitPoint Product Demo and Contact Us through the corporate website at www.benefitpoint.com. Note to Editors: BenefitPoint is a trademark of BenefitPoint, Inc. All other company and product names mentioned here are trademarks of their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion