BIS

Consolidated Billing & Eligibility Management

Many benefit providers take weeks to process your eligibility information. This results in premium statements that are not up-to-date or accurate with the most current employee information. As a result, many employers have to pay the premium invoice and wait for credits to show up the following month. This ties up your cash flow.

We offer your company:

The monthly bills you receive from BIS contain the most current data available - you pay only what is due.

Our consolidated billing service eliminates the administrative burden of reconciling multiple premium statements each month.

Features:
  • Assure timely additions and deletions of employees and dependents
  • No balance forward recordkeeping on monthly bills
  • Reporting of costs by division or department
  • Benefit costs by employee
  • Financial and employee reporting
  • Vendor bill audit and reconciliation
Benefit to your company:
  • Stronger vendor relationships that provide the most competitive pricing in the marketplace
  • Cost-savings passed directly on to you

Premium Distribution

BIS manages the collection of premiums from your company and distribution to vendors. This process eliminates the burden of receiving bills from multiple vendors and writing numerous checks.

We offer your company:

Features:
  • Elimination of multiple vendor relationships
  • Elimination of multiple check distribution
  • Timely payments to vendors
  • Reduction of burden of tracking debits and credits on billing statements
  • Customized reporting
Benefit to your company:

Our timely and accurate service allows you to focus on strategic planning rather than on billing and payment issues.

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