Vimly Benefit Solutions - 3x3x3 Challenge With Kyle Sorby
Vimly Benefit Solutions streamlines the administration of multiple-employer arrangements through their enrollment and consolidated billing experience, which includes a simplified full-cycle quote-to-card solution.
Transcription:
What is Vimly Benefit Solutions?
Vimly is a benefits administration and services company that's uniquely positioned to support the multiple employer markets or any aggregated business model to help streamline workflows, automate processes, and create efficiencies. We've been supporting multiple employer organizations for more than 30 years and are an industry leader in a very niche market with a best-in-class 99% partner retention rate. Our proprietary HITRUST certified platform is uniquely architected for the various aggregated business models. Through the technology, we're able to simplify many facets of the multiple employer pools administration through quoting, enrollment and eligibility, true consolidated billing, and additional services, like COBRA and retiree administration, payment posting, financial statements, board meeting minutes, among others.
How is Vimly Benefit Solutions different?
Most ben admin platforms are built at the employer level. You'll see here we've taken our platform two levels higher to aggregate books of business. Due to the way that our platform is architected, administration is simplified for these health pools. For instance, our true consolidated billing solution provides a single invoice for all premium, broker commission, admin fees, as well as other fees. We then take the payment, it's reconciled in real time, and then dispersed on the backend to all the stakeholders. This is made possible by the way the technology is architected and how Vimly was originally founded as a consolidated billing platform.
Who is a good fit for Vimly Benefit Solutions?
Any organization who needs visibility and control over an entire book of business, specifically associations, trusts, MEWAs, PEOs, TPAs, general agents, and health plans. By focusing on the multiple employer market, we've built technology that not only looks at one facet of the administration, like enrollment, but creates a simplified full-cycle workflow that can also streamline and automate processes like quoting and cumbersome renewals. Ultimately, we take a very consultative approach to identify the best technology and service combination to fit each partner, because each individual industry is all unique.
Transcription:
What is Vimly Benefit Solutions?
Vimly is a benefits administration and services company that's uniquely positioned to support the multiple employer markets or any aggregated business model to help streamline workflows, automate processes, and create efficiencies. We've been supporting multiple employer organizations for more than 30 years and are an industry leader in a very niche market with a best-in-class 99% partner retention rate. Our proprietary HITRUST certified platform is uniquely architected for the various aggregated business models. Through the technology, we're able to simplify many facets of the multiple employer pools administration through quoting, enrollment and eligibility, true consolidated billing, and additional services, like COBRA and retiree administration, payment posting, financial statements, board meeting minutes, among others.
How is Vimly Benefit Solutions different?
Most ben admin platforms are built at the employer level. You'll see here we've taken our platform two levels higher to aggregate books of business. Due to the way that our platform is architected, administration is simplified for these health pools. For instance, our true consolidated billing solution provides a single invoice for all premium, broker commission, admin fees, as well as other fees. We then take the payment, it's reconciled in real time, and then dispersed on the backend to all the stakeholders. This is made possible by the way the technology is architected and how Vimly was originally founded as a consolidated billing platform.
Who is a good fit for Vimly Benefit Solutions?
Any organization who needs visibility and control over an entire book of business, specifically associations, trusts, MEWAs, PEOs, TPAs, general agents, and health plans. By focusing on the multiple employer market, we've built technology that not only looks at one facet of the administration, like enrollment, but creates a simplified full-cycle workflow that can also streamline and automate processes like quoting and cumbersome renewals. Ultimately, we take a very consultative approach to identify the best technology and service combination to fit each partner, because each individual industry is all unique.