Posts Tagged ‘costs’
Petaluma, California (PRWEB) October 07, 2013
AccountMate Software Corporation today announces an expanded vertical partnership with National Payment Corporation for a new online payment solution with BenefitVault for benefit options and automated payment processing including options for Patient Protection and the Affordable Care Act (or ObamaCare).
This is an important time to address these insurance issues. Working with our Channel partners and their clients, said David Dierke, CEO and President of AccountMate, we want to help ensure that this process is as seamless as possible.
BenefitVault is a patent-pending, on-line, payment solution that allows individual employees to shop and choose from any benefit product and have payments deducted from their paycheck — requiring no administration for employers or their staff. For employers this means no more payroll slots, escrowing employees money, SPDs, renewals, file feeds and changes, ERISA plans, compliance issue, bill reconciliation, benefit administration, HIPAA liability and much more. BenefitVault removes employers out of the middle and does it all.
Without BenefitVault, employers will pay higher costs to administer and manage benefit options as ObamaCare requires.
Companies will benefit from using BenefitVault by having all of their insurance coverage in one central, secure location. BenefitVaults secure, online cloud-based solution eliminates expensive administration to employers and allows employees to manage their payment options directly, ensuring no lapse in coverage, said Jim Hagen, Vice President of Sales, National Payment Corporation.
Under ObamaCare many employees will lose payroll deduction as an option to pay for their medical coverage and other company benefits. Many employers cannot afford the administrative costs and requirements associated with allowing payroll deductions for every product and every carrier selected by each employee on a daily, monthly and annual basis.
The Patient Protection and the Affordable Care Act, a bill signed into law to reform the health care industry by President Barack Obama on March 23, 2010, is designed to give more Americans access to affordable, quality health insurance and to reduce the growth in health care spending in the United States.
ObamaCare offers a number of new rights and protections, and in exchange, most Americans must obtain health coverage by 2014, get an exemption, or pay a fee.
Founded in 1984, AccountMate develops and markets fully modifiable business accounting software. Systems range from single user versions to those that support hundreds of users simultaneously. AccountMate software is available for local installation or as SaaS. It is distributed exclusively through a worldwide channel of authorized solution providers. AccountMate can be reached at (800) 877-8896 or at http://www.accountmate.com.
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WASHINGTON (Reuters) – President Barack Obama’s $ 1 trillion plan to expand Medicaid would raise state costs by only 3 percent and extend health coverage to more than 21 million low-income people as part of the new healthcare reform law, a study said on Monday.
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Question by bah humbug: how is Health Care Reform going to make Health Care affordable, when the costs are going to rise?
How does that work? Sounds like fuzzy math to me. Any explainations?
“Report: Health costs up slightly under Senate bill”
Answer by Tapestry6
Everyone’s health insurance premiums went up my daughters went up 80 dollars
a month and then on top of that they are furloughing them twice a month which means
they close down the offices everyother Friday and nobody gets paid.
This health care reform is ridiculous we were all just fine until Congress sticks
their nose into things and we end up with less money to pay our bills and less
money to live on meanwhile they got some $ 4700 dollar pay raise.. I would love a couple
of $ 4700 pay raises!
Add your own answer in the comments!
Dr. David C. Pate, St. Luke’s Health System president and CEO, speaks about the issues surrounding health care costs.
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The sluggish economy is prompting more Americans to put off medical tests, prescriptions and so-called elective procedures—like knee or hip replacements—and related health care companies are feeling the pain.
The Company That Solved Health Care: How Serigraph Dramatically Reduced Skyrocketing Costs While Providing Better Care, and How Every Company Can Do the Same
But one medium-size company set out to tame the beast of rising health-care costs, employing best practices and cutting-edge ideas. The results have caused others to sit up and take notice. Serigraph, Inc., a Wisconsin-based manufacturer of decorative parts, and its chairman, John Torinus, did what Washington can’t or won’t do: reduce cost increases to less than 2 percent while improving the quality of health care for its employees. The implications for corporate America are staggering–the opportunity for genuine reform in an expense category that has been spiraling out of control.
Serigraph began its initiative to control health-care costs in 2003, when its annual health-care bill was million and another 0,000 was needed for the projected 15 percent annual increase. The company employed three strategies for reform, each of which can cut the health-care bill by 20 percent to 40 percent–consumer responsibility, the primacy of primary over specialty care and centers of value. Applied in concert with other management methods, these three approaches almost eliminated growth in health-care costs while improving the quality of employee care. The results are documented. They are beyond refute.
“The Company That Solved Health Care” describes the fascinating details of Serigraph’s program, and shows how any company can achieve similar results. This book is essential reading for any manager responsible for his or her company’s health-care expenses, any academic or thinker involved in the health-care debate and anyone who wants to better understand why health-care costs have been rising and what can be done to achieve price stability while improving patient care.
List Price: $ 24.95
Price: $ 11.15
(Reuters) – In the past, money was no object when cancer specialists considered which drugs would provide the best treatment for their patients.