A state Healthcare third party benefits administrator (TPA) concluded that its existing core healthcare insurance administration system was no longer a viable platform to support the current and future business needs of the organization. The volume and complexity of enrollment and premium billing transactions outgrew the capabilities of its current systems. Reliance on manual processes, inadequate workflow management, deficient system controls, and sub-optimal reporting capabilities served as the catalyst for change.
The Vynamic team launched a comprehensive initiative to assess and redesign the TPA’s Eligibility and Finance operating environment. Vynamic thoroughly evaluated the business processes and technology enablers supporting the current operating environment for the purpose of identifying key issues, evidence, and impact. Informed by the findings of the assessment along with leading practices research, Vynamic redesigned the TPA’s business processes to increase transaction throughput, reduce variability, and improve overall quality.
Vynamic partnered with the TPA to identify a capability rich, cost-effective solution to support the newly redesigned business processes.
Some specific results achieved include:
Vynamic, an Inizio Advisory company, is a leading management consulting partner to global health organizations across Life Sciences, Health Services, and Health Technology. Founded and headquartered in Philadelphia, Vynamic has offices in Boston, Durham NC, and London. Our purpose is simple: We believe there is a better way. We are passionate about shaping the future of health, and for more than 20 years we’ve helped clients transform by connecting strategy to action.
Through a structured, yet flexible delivery model, our accomplished leaders work as an extension of client teams, enabling growth, performance, and culture. Vynamic has been recognized by organizations like Great Place to Work and Business Culture Awards for being leaders and innovators in consulting, company culture, and health. Visit Vynamic.com to discover how we can help transform your
organization or your career.
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