OMAHA, Neb.--(BUSINESS WIRE)-- Benaissance, the leading provider of Software as a Service and single point individual subscriber billing solutions for national benefit administrators and health plans, today announced their new HBEpoint™ SaaS platform which joins the company’s other flagship technologies; COBRApoint and SPMpoint. Additionally, Benaissance introduces two new business process outsourcing solutions, Billing Services and Eligibility Services, designed specifically for insurance carriers and state governments who will manage large populations of individual subscribers and plan members as part of the PPACA health care reforms.
“HBEpoint and our integrated BPO solutions are the logical extensions of Benaissance services and decades of individual subscriber billing experience. They are specifically focused on solving the core operational requirements insurance carriers and state governments will face once subscribers elect health insurance plans in each state’s ‘no wrong door’ web based health insurance marketplace,” says John Jenkins, Benaissance CEO. Jenkins further states, Benaissance has developed an innovated ‘self-funding’ administration fee structure which makes the entire suite of solutions cost-neutral for a partner State.
Estimates suggest as many as 70 million individuals will obtain health insurance through a Health Benefit Exchange created under the PPACA. This represents a massive shift from traditional employer sponsored insurance group list billing to individual subscriber billing. Benaissance’s HBEpoint and BPO solutions are engineered to compliment and extend the capabilities of insurance carriers and state governments.
Founded in 2003, Benaissance has grown into a leader in “Software as a Service” solutions for highly efficient and scalable individual subscriber billing administration. Benaissance’s flagship solutions are supported by seamlessly integrated business process outsourcing services. In 2008, McCarthy Capital partnered with Benaissance in 2008 to support management’s plan for growth and expansion into the administrator, payor and health benefit exchange markets
About McCarthy Capital
Based in Omaha, NE with an office in Boston, McCarthy Capital manages $500 million in private equity assets and capital commitments. For more information about McCarthy Capital, please visit www.mccarthycapital.com.
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