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Blue Cross and Blue Shield of Montana Selects Benefitfocus Billing Solution
Jan 08, 2008 (10:01 AM EST)
CHARLESTON, S.C. and HELENA, Mont., Jan. 8 /PRNewswire/ -- Montana's leading health services corporation, Blue Cross and Blue Shield of Montana (BCBSMT), has partnered with Benefitfocus eBilling(TM) to provide BCBSMT group clients with faster access to invoice information and improved payment and reporting services. Serving more than 100,000 subscribers and approximately 5,000 groups, BCBSMT and Benefitfocus will roll out the eBilling(TM) functionality in phases throughout 2008.
"BCBSMT is very excited to offer online invoicing to our group customers," said Sheila Shapiro, BCBSMT Senior Vice President and COO. "We are working toward enhancing the availability of online tools which will give our customers access to information 24x7 and streamline the billing process which can be cumbersome in the healthcare industry. Benefitfocus provides a robust software offering in eBilling(TM) and will be able to deliver this functionality quickly to our customer base."
Benefitfocus eBilling(TM) is a comprehensive Electronic Invoice Presentment and Payment (EIPP) application providing consolidated bill presentment, payment, reconciliation, and accounts receivable management. Designed specifically for insurance carriers and their customers, Benefitfocus eBilling(TM) combines robust capabilities with a simple, intuitive interface to streamline processes and improve cash flow. Benefitfocus eBilling(TM) saves insurers an estimated $9.50 for every invoice generated, which quickly results in significant ROI.
"We look forward to partnering with BCBSMT and providing them with an efficient, state-of-the-art electronic billing solution," said Shawn Jenkins, President and CEO of Benefitfocus. "Benefitfocus eBilling(TM) will allow BCBSMT to completely streamline and automate their billing process while removing the inefficiencies and high cost of paper-based billing."
Benefitfocus is the leader in software and services for the healthcare benefits market providing "Quote to Claim" technology for both enterprise and consumer applications. By developing leading technology solutions, Benefitfocus allows consumers, employers and benefit providers to manage complex decisions in an ever-changing healthcare environment. Benefitfocus can be reached at 843-849-7476 or via the Internet at www.benefitfocus.com .
About Blue Cross and Blue Shield of Montana
Blue Cross and Blue and Shield of Montana, an independent licensee of the Blue Cross and Blue Shield Association, is Montana's leading health services corporation. Headquartered in Helena, MT., it serves more than 230,000 members and over 140,000 Medicare recipients. Its provider network consists of partnerships with more than 1,700 licensed Montana physicians, all 59 acute general hospitals in Montana, and 2,400 allied healthcare professionals. More information is available at www.bluecrossmontana.com .
843-849-7476 | firstname.lastname@example.org
CONTACT: Joy Capps of Benefitfocus, +1-843-849-7476, email@example.com
Web site: http://www.benefitfocus.com/ http://www.bluecrossmontana.com/