Trusted Pre-Tax Employee
Benefits Administrator Now Offers MyMedicalShopper’s Suite of Healthcare Cost-Saving
Tools
Portsmouth, NH and Unionville, CT – May 7, 2019 – MMS Analytics, Inc. dba MyMedicalShopper, a leading provider of healthcare price transparency solutions, and Advanced Benefit Strategies, Inc. (ABS), an industry leader in pre-tax employee benefits administration based in Connecticut, are partnering to give consumers more choice and control with respect to their healthcare spending. Today the companies announced the partnership, making MyMedicalShopper’s advanced healthcare price transparency software and cost-saving employer tools available to Advanced Benefit Strategies clients.
ABS can now deliver MyMedicalShopper’s suite
of products, which bring cutting-edge price transparency technology, robust
claims analytics, and streamlined administration to employers and their
employees. MyMedicalShopper™, MyMedicalRewards™, and their powerful MyMedicalMetrics™
employer analytics package are now available to ABS’s entire client base. In
addition, with ClaimsFlow™, the MyMedicalShopper suite will be tightly
integrated with ABS’s administrative platform for those clients who leverage their
benefit administration services.
“We
are excited to be partnering with Advanced Benefit Strategies to bring integrated
solutions to their clients to help them control their healthcare costs,” says MyMedicalShopper co-founder and CEO, Mark Galvin. “We look for
partners who work hard to find creative solutions to address their customers’
pain points. By partnering with progressive benefit advisors and
administrators, we can collectively reverse the trend of rising healthcare
costs for businesses and their employees alike.”
For ABS,
this integrated new offering is a significant step towards an improved health
benefits environment for their pre-tax flexible benefit clients and a complete
service offering for those clients with consumer-driven health plans (CDHP).
“We are
always trying to look at employee benefits from our clients’ perspective,” says
Steve Repka, President of Advanced Benefit Services. “We have been
administering pre-tax employee benefits for more than 25 years, and we’ve seen
first-hand how the healthcare landscape has changed. Today’s consumers need
better information and tools to help them reduce healthcare costs. We’re
excited to be pairing our consumer-directed health accounts with the
MyMedicalShopper solution for our clients and their employees.”
MyMedicalShopper is a comprehensive
platform for employers designed to drive down the cost of healthcare while
improving employee benefits. The platform includes the nation’s leading medical
price transparency tools for employees, dynamic rewards programs, and robust
analytics packages for employers.
About MyMedicalShopper
MyMedicalShopper is available
through benefit brokers and consultants serving both the fully insured and
self-funded employer markets. MyMedicalShopper provides a comprehensive
platform for employers who want to take control of their healthcare costs and
empower their employees with a tool that makes shopping for medical care as
easy as a Google search.
MyMedicalRewards™ provides a dynamic HRA or HSA funding
mechanism that drives good consumer behavior even when employees are spending
employer dollars. It combines reference-pricing models with the MyMedicalShopper
shopping experience to reward employees for choosing low-cost, high-quality
medical care, thus reducing medical claims.
MyMedicalShopper’s Employer Dashboard provides CEOs, CFOs,
and HR leadership with direct visibility into their group’s claims experience,
engagement with MMS programs, and realization of savings. MyMedicalMetrics™ is an enhanced feature of this dashboard—a robust
claims analytics package that shows employers exactly how their employees are
victimized by hidden pricing, inadvertently driving up their own costs and
overall claims experience for the group. Employers can use this new information
to team up with their employees, identify specific savings opportunities, and
build targeted campaigns that drive meaningful behavior change and claims
reduction for their groups.
ClaimsFlow automates much of the administrative burden and error-prone human
processes involved in adjudicating employee reimbursements for CDH accounts.
Participants can leverage connections to more than 100 insurance carrier and
health plan member portals to facilitate rapid adjudication of claim
reimbursements and automatic substantiation of debit card transactions.
About MMS Analytics, Inc. (www.MyMedicalShopper.com)
MMS
Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to
revolutionize healthcare. The company was started out of the need to bring
transparency to consumers and the companies who provide healthcare benefits to
their employees—providing the leverage needed to make solid decisions on their
healthcare and improve their quality of life. Consumers previously unaware of
price variations in procedures and testing can utilize real-time health
insurance plan pricing information that makes it possible to choose care based
on price, quality, and convenience. Experts document that as much as $1
trillion could be slashed annually from the cost of healthcare in the U.S.
MyMedicalShopper aims to transform the healthcare industry into a fair market
for consumers.
About
Advanced Benefit Strategies, Inc (www.abs125.com)
Since 1993, Advanced Benefit Strategies (ABS) has been an industry leader in Section 125 Flexible Spending Account administration, Cafeteria Plans, Transit & Commuter Tax Benefits, Section 105 Health Reimbursement Arrangements, and COBRA administration. Located in Unionville, CT, Advanced Benefit Strategies (ABS), is a third-party administrator of pre-tax employee benefits focused on delivering hassle-free, Section 125 cafeteria, flexible benefit administration for over 700 employers across the country and 14,000+ plan participants. Every year, businesses, associations, municipalities, and non-profits look to ABS for impartial, confidential pre-tax, flexible benefit plan administration services. Give your employees a raise and your company a tax break, with a no-hassle Flex Plan from ABS.
Contacts:
MyMedicalShopper
Mark Galvin
(603) 610-8100
mark@mymedicalshopper.com
Advanced
Benefit Strategies
Stephen J. Repka, II
(860) 675-2261
steverepka@abs125.com
