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BLUE CROSS AND BLUE SHIELD OF FLORIDA
SELECTS BENEFITFOCUS TECHNOLOGY |
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Benefitfocus eBilling Provides Electronic Benefits Billing Process
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CHARLESTON, SC and JACKSONVILLE, FL (Sept. 18, 2007) – Blue Cross and Blue Shield of Florida (BCBSF), one of the largest Blues providers serving approximately 4.1 million members, has chosen Benefitfocus to provide a complete Web-based billing solution and invoice consolidation for its group operations.
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"BCBSF is pleased to strengthen our relationship with Benefitfocus as we continue to look for ways to increase our commitment to providing superior healthcare coverage to Floridians," stated Joe Trance, vice president, Enrollment, Maintenance and Billing, BCBSF. "Every product and service Benefitfocus provides us continues to streamline and automate our services with a significant return on investment."
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Benefitfocus eBilling is the insurance industry's most comprehensive and dynamic electronic invoice presentment and payment (EIPP) application. Designed specifically for insurance carriers and their customers, eBilling features three primary components: electronic invoicing, reconciliation and bill pay. Combining robust capabilities with a simple, intuitive interface, the application streamlines processes and improves cash flow. eBilling™ saves insurers an estimated $9.50 for every invoice generated, which quickly results in significant ROI. According to global IT research firm, Gartner "Electronic billing can reduce administrative costs by 75 percent."
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"We are excited that Blue Cross and Blue Shield of Florida has expanded its partnership with Benefitfocus," said Shawn Jenkins, President and CEO of Benefitfocus. "We have already implemented electronic enrollment of sales automation for their clients and brokers. Combining Benefitfocus eBilling will provide them a clear market advantage and give a single Web tool for automating all sales enrollment and now, billing activities. Being selected by such a great company reaffirms our rapidly expanding position as the leader in our industry."
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About BlueCross and BlueShield of Florida
Blue Cross and Blue Shield of Florida is a leader in Florida’s health industry. BCBSF and its subsidiaries serve more than 8.7 million people. Since 1944, the company has been dedicated to meeting the diverse needs of all those it serves by offering an array of choices. BCBSF is a not-for-profit, policyholder-owned, tax-paying mutual company. Headquartered in Jacksonville, Fla., BCBSF is an independent licensee of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield companies. For more information concerning BCBSF, please see its Web site at www.bcbsfl.com.
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About Benefitfocus
Benefitfocus is the leader in software and services for the healthcare benefits market. 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. |
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