Latest news with #TPAs
Yahoo
23-04-2025
- Business
- Yahoo
Aclaimant Revolutionizes Insurance Data Management with DIPDash, its Innovative Data Ingestion Pipeline and Dashboard
CHICAGO, April 23, 2025 /PRNewswire/ -- Aclaimant, a leader in next generation risk management solutions, today announced the launch of DIPDash, its patent-pending Data Ingestion Pipeline & Dashboard product. This specialized multi-stage platform is designed to solve the significant challenges the insurance industry faces in obtaining, creating and maintaining high-quality data sets across all systems of record, most notably with insurance claims. DIPDash transforms the traditionally manual, error-prone, and time-consuming tasks of data acquisition, mapping, preparation, validation and loading while providing a transparent view into the entire process. DIPDash provides a scalable and efficient solution that consolidates claims and other insurance data, enhances data quality, and significantly improves transparency. "All stakeholders in the insurance industry face significant challenges in obtaining high-quality data from their partners," stated Kathy Burns, CEO of Aclaimant. "DIPDash is the first product of its kind, purpose built to address the data challenges for brokers, TPAs, carriers and policyholders alike. Using this platform not only enhances data quality for users but also improves data quality with insurance partners. Information is power and we intend to empower our clients with the most robust and accurate data sets in the industry.". Key benefits and features of Aclaimant's DIPDash include: Automated Data Ingestion: DIPDash automates the monitoring of incoming data, alerts teams to missing files, and automatically processes data upon receipt from Carriers and TPAs, thus eliminating manual handling and increasing accuracy. Data Transformation and Standardization: DIPDash transforms any file type into a digestible format, validates the presence and correct formatting of data, and normalizes data, ensuring consistency across various sources. Robust Data Validation: DIPDash's validation engine checks data for quality against hundreds of validations at each stage, including initial validation, after normalization, and post-load. These validations include data format validations, logical validations, business logic validations, and customer-specific validations with customizable rules and configurable escalations at every stage. Increased Efficiency and Speed: DIPDash provides immediate visibility to critical insurance data, eliminating delays associated with manual processes. In one case study, DIPDash reduced a 3-week manual claims consolidation process to just 10 minutes. Enhanced Data Quality and Transparency: The automated validation process ensures high data quality. DIPDash's visual dashboard and code free management engine provide transparency and clear visibility to data passes and failures. DIPDash creates an auditable trail for all data quality-related activities and is useable by all team members, regardless of coding acumen. DIPDASH Unique Value Adds: A visual interface for non-developers to adjust errors, mappings, and codings, and to review data quality scores. A carrier/TPA Data Quality Scorecard to facilitate data quality improvements with your partners A capability to append and extend data sets with information from other sources and derive new data to enhance data value. For more information about Aclaimant and DIPDash, please visit About Aclaimant Aclaimant is a next-generation Risk Management Information System (RMIS) designed to empower every organization to protect what matters most. Our intuitive, easy-to-use and powerful platform enables employers, brokers, carriers and TPAs to reduce the cost of risk and drive higher productivity. Aclaimant transforms the management of data, people, and processes through its workplace safety, incident and claims management, assets and exposures, AI and analytics solutions. Thousands of safety and risk management professionals rely on Aclaimant to achieve better outcomes. For more information, visit View original content to download multimedia: SOURCE Aclaimant Sign in to access your portfolio
Yahoo
08-04-2025
- Business
- Yahoo
KTRADE Partners with Dynamis and Finch to Revolutionize TPA Data Access with Payroll & Census Integration
PLYMOUTH, Ind., April 08, 2025--(BUSINESS WIRE)--KTRADE today announced its partnership with Dynamis, a 7 Simple Machines platform powered by Finch, to bring automated data access and insights to their Third-Party Administrators (TPAs) Alliance Members. This collaboration will provide seamless connectivity to plan sponsor census, payroll, and pay statement data, eliminating manual processes and improving efficiency for TPAs and retirement plan administrators. "Our mission has always been to simplify retirement plan administration while delivering best-in-class service to our TPAs and plan sponsors," said Trent Newcomb, Managing Director at KTRADE. "By leveraging the Dynamis platform with Finch's API, we're eliminating outdated processes and giving TPAs instant, seamless access to the critical data they need—boosting efficiency and driving better outcomes." From census to 3(16) to Secure 2.0, Dynamis supplies advanced data intelligence with standardized, automated reports that ensure confidence in compliance and enhanced efficiency. Powered by Finch's end-to-end data connectivity platform, Dynamis will provide KTRADE Alliance Members with direct access to standardized payroll and census data from plan sponsors' payroll systems with coverage that accounts for 80% of all US employers. This innovation will significantly reduce administrative burdens, increase accuracy, and streamline retirement plan management like never before. "We built Dynamis to support the business needs of TPAs. We knew the unbundled market needed a platform that could drive efficiency for administrators, open up new revenue streams and accommodate changes from Secure 2.0," said Karim Lessard, CEO of 7 Simple Machines. "The platform will enable TPAs in the KTRADE Alliance to modernize their service delivery. Rather than chasing census and payroll data, Dynamis will allow members to automatically collect vital sponsor data and spend more time on value-add activities for their clients." "Finch is transforming the retirement industry by enabling direct access to the source of truth for employer payroll and census data," said Finch Co-Founder Ansel Parikh. "TPAs and recordkeepers have been bogged down with inefficient, manual processes for too long. Our automated solutions will empower these administrators to streamline operations in order to focus on their primary mission: helping people plan for their financial futures." Key Benefits of the Partnership: Seamless Payroll & Census Data Access – KTRADE Alliance Members can now pull up-to-date employer data directly into the Dynamis platform via Finch, ensuring accuracy and compliance. Eliminating Manual Data Entry – Say goodbye to spreadsheets and manual uploads—this integration automates data syncing, saving valuable time. Data Intelligence and Scrubbing – Incoming payroll data is automatically scrubbed for errors, highlighting issues with payments and employee demographics and allowing for simplified plan funding and year-end census filing. Scalability & Efficiency – TPAs can serve more clients efficiently, focusing on strategic plan management rather than administrative tasks. With this partnership, KTRADE is setting a new standard for TPA and retirement plan administration, reinforcing its commitment to innovation, efficiency, and client success. For more information on this exciting development, visit KTRADE, Dynamis, and Finch. About KTRADE KTRADE is a leading provider of retirement plan recordkeeping solutions, offering cutting-edge technology and expert services to TPAs, plan sponsors, and advisors. KTRADE focuses on simplifying retirement plan management, while providing flexible, customized solutions. KTRADE empowers clients with innovative tools to drive efficiency and success. About Dynamis Built from the ground up, Dynamis is a premier technology provider delivering powerful automation tools that streamline census, payroll, and compliance processes for TPA and retirement professionals. About Finch Finch is the leading connectivity platform for employment systems, empowering applications to develop solutions for employers and employees through programmatic access to HR, payroll, and benefits data. Finch's ambition is to revolutionize employment by building the infrastructure that powers every facet of work — from retirement and health insurance to workers' compensation, employee engagement, and beyond. View source version on Contacts KTRADE Media Contact:Marta Bagleymbagley@ 888-954-9321KTRADE Dynamis Media Contact:Rachel Huffmanrachel@ 206-898-99377 Simple Machines Finch Media Contact:Kiera Blessingkiera@ 610-324-4957Finch Sign in to access your portfolio
CBC
26-03-2025
- Business
- CBC
Top third-party advertiser from Calgary's 2021 municipal election plans rerun for 2025
The third party advertiser (TPA) that spent the most money in Calgary's 2021 municipal election is not planning any major strategic changes for this year's vote. Calgary's Future was funded by several civic worker unions leading up to the 2021 vote. It collected more than $1.7 million dollars in union donations in the years prior to the last municipal election. More than $1 million of that war chest was spent on ads before the election year, advocating support for civic services and workers. The group then spent nearly $506,000 during the election period, which saw it endorse 14 candidates in the 15 council races. Nine of those candidates were ultimately elected to city council. The director of Calgary's Future, Alex Shevalier, said their strategy is to review and endorse their preferred candidates who are then the focus of campaign-period advertising. "We always promote the people we think we can work with and the people we think would be best for Calgary," he said. New rules Although the provincial government has brought in new election financing rules for 2025, Shevalier said his group will once again be endorsing candidates and spending money to promote those people running for city council. He isn't revealing how much money the TPA has in the bank today nor will he say how much it plans to spend. But he pledged it will follow all existing rules. Shevalier pointed out that under provincial rules, there is a limit of $5,000 for individual donations that can be accepted after May 1 of an election year. As well, he said TPAs have a spending limit of 50 cents per Calgarian. The provincial department of municipal affairs tells CBC News that it considered Calgary's 2024 population to be 1,306,784 so a TPA could theoretically spend up to $653,392 in the election period. That figure tops what Calgary's Future spent in 2021. Ads for candidates Much of its 2021 spend went toward online ads in support of its endorsed candidates. Mayor Jyoti Gondek was endorsed by Calgary's Future just days before voters went to the polls. Its endorsement list also included current councillors Sonya Sharp, Jennifer Wyness, Jasmine Mian, Raj Dhaliwal, Courtney Walcott, Gian-Carlo Carra, Kourtney Penner and Evan Spencer. A veteran campaign operative, Stephen Carter, is skeptical of the impact this TPA's spending has during an election. Carter worked as a campaign strategist for Gondek's successful 2021 campaign. In the 2025 election, he's a campaign strategist for mayoral candidate Brian Thiessen. He said Calgary's Future didn't have a formal slate of candidates or support a slate. Rather, it signalled to voters who supported the types of issues that it stands for, including housing affordability and public transit. "I don't think it mobilized any votes at all. The agenda wasn't to mobilize votes. I think the agenda was to publicize issues so that regardless of who was elected, those issues would be deemed to be important," said Carter. "That's what the TPA was designed to do." Parties now in picture Overshadowing the role of TPAs in this election is the province's decision to allow municipal political parties in Calgary and Edmonton. Carter expects there will be fewer TPAs in this year's campaign than the eight that took part in the 2021 vote. "I think that the largest TPAs are going to struggle to find candidates to support and they're going to struggle to actually have an impact on the outcome of the election," he said. Do they have any future at all? From his vantage point, that all depends on the rules. Carter notes that the election rules have changed ahead of each election dating back to 2007 so knowing whether TPAs will be around or even allowed in the 2029 election is just too hard to speculate about. Calgary's Future is not looking at morphing into or starting a political party. "We have no interest in being a political party," said Shevalier. "We're a third-party advertiser. We're not going to pretend to be a political party because ultimately, the amount of work and the amount of effort and the amount of resources it takes to build up a political party is not why Calgary's Future was created." Under provincial rules, TPAs must register with Elections Calgary. They can start to accept campaign donations on May 1, 2025. Calgarians go to the polls on Oct. 20.
Yahoo
07-03-2025
- Business
- Yahoo
Health In Tech to Announce Fourth Quarter and Full Year 2024 Financial Results on March 17, 2025
STUART, Fla., March 7, 2025 /PRNewswire/ -- Health In Tech (NASDAQ: HIT), an Insurtech platform company backed by third-party AI technology, today announced that it will release financial results for the fourth quarter and full year ended December 31, 2024, following the close of market on Monday, March 17, 2025. Health In Tech will host a conference call and live webcast to discuss the Company's financial results, recent development and business outlook. Event: Health In Tech's 2024 Fourth Quarter and Full Year Earnings Conference Call When: Monday, March 17, 2025, at 5:00 p.m. ET Live Call: PARTICIPANT DIAL IN (TOLL FREE): 1-888-346-8982PARTICIPANT INTERNATIONAL DIAL IN: 1-412-902-4272Hong Kong Toll Free: 800-905945Hong Kong-Local Toll: 852-301-84992 Webcast Link: Replay: A webcast replay will be available on Health In Tech's investor relations website at shortly after the completion of the call, and will remain available for approximately 90 day. About Health In Tech Health In Tech (Nasdaq: HIT) is an Insurtech platform company backed by third-party AI technology, which offers a marketplace that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, and TPAs. Learn more at Forward-Looking Statements Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth strategy and liquidity. Investor Contact Investor Relations:ir@ View original content to download multimedia: SOURCE Health In Tech
