The one-stop answer for multiple TPA challenges

By the very nature of their business, Third Party Administrators (TPAs) deal with a lot of different companies. And many of their clients have multiple sub-accounts, each with a distinct set of risk locations and business rules.

Simplification Through Centralized Control

Imagine the logistics of handling separate business rules, signature policies, positive pay, and bank reconciliation for all these different entities. The day-to-day management of all that disparate processing can quickly turn into a nightmare.

The solution to all these problems is centralized control through PayPilot. Business rules, workflows, and bank information are entered once and then automatically followed by every PayPilot function. The easy-to-use interface also makes changes to any company’s rules or information simple and painless. It’s the ultimate application of mass customization.

Distribution

In some cases, TPAs print out checks and remittance advice and then forward the payments to the insurer for mailing and distribution. In this scenario, it becomes critical to sort the payments in a certain order for the insurer’s subsequent handling. Perhaps by insurer and then by state, to give just one example. PayPilot’s integrated database of payment information easily enables the printing and sorting of payments by whatever criteria the client desires. Remittance advice can be sent to the TPA client or directly to the payee whether the payment is made by check or processed electronically.

Data Export

Another strength of the PayPilot application is its ability to export payment data back to clients and carriers. Exported data can include extensive payment details (e.g., 1099 and escheat information, payment status, etc.). This process can be automated in the system so that your customers are made aware of any disbursement activity as soon as it occurs.