Blue Shield of California Offers Online Benefits Administration to Employers; Contract with BeneTrac Provides Enhanced Capabilities at No Additional Charge.Business Editors SAN DIEGO--(BUSINESS WIRE)--March 23, 2004 As a means of making benefits administration management easier and more affordable, Blue Shield of California Blue Shield of California is a not-for-profit health insurance provider headquartered in San Francisco, California. An independent licensee of the Blue Cross and Blue Shield Association, Blue Shield of California is an incorporated, wholly owned subsidiary of California Physicians' is offering employer groups employer group Association of employers Managed care An entity with a current group benefits agreement in effect with a health plan to provide covered health care services to its employee-subscribers and eligible dependents. an opportunity to use BeneTrac's Web-based enrollment services at no additional charge. The program is offered to all qualified employers who purchase or renew Blue Shield of California medical plans through Jan. 31, 2005. BeneTrac's electronic enrollment and administration system provides employer groups with a set of online tools designed to help manage multiple benefit plans from a variety of carriers. "We continue to look for ways to help our clients effectively manage their employee benefits plans," said Peter Duncan Peter Duncan is the name of several people:
Block sale (of large amounts) of securities to institutional investors. group sales The distribution of a new security issue to institutional clients. . "This online program simplifies administrative activities, reduces paperwork, measures efficiency and accuracy of transactions, and makes tracking and transfers faster, all of which can help to reduce cost." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jerry Hawthorne, president and 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 BeneTrac, "The BeneTrac program allows a company to simplify the resource-intensive work of collecting, organizing and submitting employee benefit information. It accommodates the multiple plan designs an employer might offer from a variety of insurance carriers. This cross-carrier capability saves time and resources, improves accuracy of benefit information for employees and assists human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. departments to make positive contributions to the bottom-line profitability of their company.(a)" Additionally, BeneTrac has the capability to provide employers with information about bill reconciliation, usage trends, and many other types of information that is available in real time and is measurable by employee, plan or location. Employees can make changes to their accounts, update their data and access important carrier information while the software safeguards against errors, missed entries and conflicting information. Hawthorne continued, "Web-based employee benefits administration is recognized as a best practice in the insurance industry, yet few carriers have offered this technology to their clients except through proprietary systems that serve only their own customers. Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. is one of the first companies to offer its customers an advanced benefits administration technology that can service not only Blue Shield's customers, but also the benefits that a company might offer its employees, which are provided by other carriers. Few, if any, carriers have made such an offer to their employer clients, making this a truly notable advance within the industry." To qualify for the ongoing Blue Shield promotion, groups must have between 51 and 1,000 employees. They must purchase or renew a Blue Shield medical plan between now and Jan. 31, 2005, and they must have at least 50 percent of employees enrolled in a Blue Shield medical plan with a minimum of 25 employees enrolled through the electronic enrollment system. About BeneTrac BeneTrac, based in 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. , was one of the first West coast companies to offer Web-based electronic enrollment and employee benefits administration for human resource managers. Sold exclusively through insurance brokers and benefits consultants, BeneTrac's ASP technology is designed to combine efficiencies of the Internet with established insurance distribution models. More information is available at www.benetrac.com, or by contacting their San Diego offices at 877-645-4342. BeneTrac is a division of Hawthorne Benefit Technologies Inc., located at 2251 San Diego Ave., Ste. A-150, San Diego, CA 92110. About Blue Shield of California Founded in 1939, Blue Shield of California is one of the state's leading health plans. 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 , the not-for-profit corporation A not-for-profit corporation is a corporation created by statute, government or judicial authority that is not intended to provide a profit to the owners or members. A corporation that is organized to provide profits to its owners or members is a for-profit corporation. has approximately 2.7 million members, 4,200 employees and more than 20 office locations throughout California. For more information on Blue Shield of California, visit the company's Web site at http://www.mylifepath.com. (a) Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : To calculate an estimate of a company's savings, visit www.benetrac.com/calculate_roi. For accuracy in determining the value of this program for Blue Shield groups, please remember to substitute $0.00 on the line that displays the annual cost of BeneTrac. |
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