By leveraging BizXcel’s tailored solutions, TPAs can streamline their data pipeline, automate repetitive tasks, and better manage their state-specific regulatory requirements. Collectively, BizXcel solutions reduce costs by freeing up resources for more strategic initiatives while enhancing compliance and saving time.
Regulatory Reporting
In the intricate world of healthcare administration, Third-Party Administrators are challenged to meet complex state compliance reporting requirements. States like Maryland have a range of requirements that need to be met to maintain compliance with local regulations. BizXcel’s extensive history and proven best practices offer significant benefits for TPAs to reduce their risk and free up valuable resources.
Vendor Reporting
TPAs, by their nature, must work with a wide range of vendors to ensure that services are provided as expected. This includes making sure that data is properly exchanged between vendors and themselves. These exchanges can be in industry-standard or custom formats with individual vendors. Data such as enrollment and claims paid needs to be properly reported as agreed upon. BizXcel’s approach to supplying the right data at the right time leads to mutual success between TPAs and their vendors.
Concierge Solutions
TPAs are challenged with providing concierge-level service at scale while still offering personalization to meet customers and vendors where they are. BizXcel , as a technology concierge company , uniquely understands these challenges and has solutions for addressing these problems. Through a modular approach to data and reporting, TPAs can build a core that streamlines the customization required for the unique interactions needed to make business happen.