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Blue Cross and Blue Shield of Kansas City Selects Benefitfocus.com
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Mount Pleasant, SC and Kansas City, MO – April 11, 2006 – Blue Cross and Blue Shield of Kansas City (BCBSKC) has selected Benefitfocus.com, Inc. to provide electronic billing to its 880,000 members. The carrier anticipates reducing costs by replacing paper-based processes with Benefitfocus® eBilling, an interactive and efficient electronic billing platform.
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“Since we first partnered with Benefitfocus in 2004 for electronic enrollment, we have enjoyed an excellent and successful relationship,” said Roger Foreman, Executive Vice President and Chief Marketing Officer of Blue Cross and Blue Shield of Kansas City. “Recently, BCBSKC achieved 96% adoption with our electronic enrollment technology. We believe that integrating electronic billing will further enhance our competitive edge by adding new e-business solutions for our customers.”
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BCBSKC, the largest health plan provider in a 32-county area, serving greater Kansas City and Northwest Missouri, will offer online billing to BCBSKC’s entire market, including individual, small and large groups.
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“We are proud that Blue Cross and Blue Shield of Kansas City has expanded its partnership with Benefitfocus,” said Shawn Jenkins, President and CEO of Benefitfocus.com, Inc. “We believe that eBilling will offer their groups the most efficient and state of the art payments technology on the market today.”
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Benefitfocus® eBilling is the 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. Electronic billing can reduce administrative costs by 75%, according to global IT research firm, Gartner.
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About Benefitfocus
Benefitfocus.com, Inc. (Benefitfocus) is the leading provider of employee benefits software and services. It offers employees and employers secure, online access to benefits and human resource information. Benefitfocus’ suite of products and services includes large and small group electronic enrollment, electronic billing, and data exchange services. It replaces time-consuming, expensive and error-prone paper processes allowing companies to administer all of their benefit offerings through one interface. This one-to-many platform substantially speeds up benefit enrollment and administration while reducing overall costs and greatly improving communication to the employee.
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About Blue Cross and Blue Shield of Kansas City
Blue Cross and Blue Shield of Kansas City (BCBSKC) is the largest provider of health plans in a 32-county area, serving more than 880,000 members in 32 counties in greater Kansas City, northwest Missouri, and Johnson and Wyandotte counties in Kansas. The company offers a number of benefit programs that can be included in many group health plans for area employers.
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