|By PR Newswire||
|February 26, 2014 08:27 PM EST||
COCONUT CREEK, Fla., Feb. 26, 2014 /PRNewswire/ -- VUE Software®, the leading provider of distribution and producer management solutions for the insurance industry, today announced that Blue Cross and Blue Shield of Vermont (BCBSVT) has gone live with the Coverage Example Calculator, an enhancement to VUE Benefit Summary Tool. The resulting efficiency increases save BCBSVT hours on each SBC.
A long-time VUE Software client and the largest health insurer in Vermont, BCBSVT provides coverage for approximately 180,000 individuals. BCBSVT began using VUE Benefit Summary Tool in 2008 with tremendous improvements in speed and accuracy. However, once the Patient Protection and Affordable Care Act (PPACA) came into effect, the company lacked a way to quickly calculate payment amounts for the Coverage Examples page on SBCs. Manual efforts were extremely time consuming and labor intensive due to the elaborate calculations and complex algorithms involved.
By implementing the Coverage Example Calculator, BCBSVT was able to completely eliminate manual involvement in calculating payment amounts. Today, administrators simply generate an SBC and VUE Benefit Summary Tool does the rest. The system always draws from the most recent values, so if a plan changes, generating a new SBC results in accurately updated numbers. Eliminating manual involvement for calculations saves vast amounts of time and does away with copying errors — another source of savings in itself.
"The VUE Coverage Example Calculator enhancement allowed BCBSVT to meet the federal mandate timeline for accurately displaying coverage example calculations on SBCs while providing a flexible platform for future growth. The configuration options enable us to map calculations to changing benefits, audit the detailed calculation of any SBC output and add new conditions should they be mandated in the future," said Ellen Yakubik, chief marketing executive at BCBSVT. "Our custom and standard product SBCs can be generated efficiently to include accurate coverage example calculations without manual intervention, allowing our product managers more time to focus on customers. CSSI continues to be an important partner for BCBSVT, enabling us to achieve operational efficiencies in our company."
According to Abhinav Dave, executive vice president of VUE Software, "The PPACA's compressed timeline and strict requirements were problematic for organizations not large enough to build or obtain effective benefit summary systems and coverage calculation tools. For companies still struggling with manual or semi-automated processes, VUE Benefit Summary Tool is ideal. It eliminates the headaches of creating compliant SBCs, ensuring accurate calculations and organizing SBC production and delivery to drive long-term efficiencies."
A user-friendly, Web-based platform, VUE Benefit Summary Tool ensures compliance with all SBC format requirements, organizes SBC documents and makes them retrievable, streamlines the creation of new documents — particularly for annual renewals and updates — and encompasses full-scale benefit summary management. VUE Benefit Summary Tool comes with regular, free updates and enhancements that include essential features like the Coverage Example Calculator.
About Blue Cross Blue Shield of Vermont
Blue Cross and Blue Shield of Vermont is the state's oldest and largest health insurer, providing coverage for about 180,000 Vermonters. It employs about 340 Vermonters at its headquarters in Berlin and branch office in South Burlington, and offers group and individual health plans. More information about Blue Cross and Blue Shield of Vermont is available on the internet at www.bcbsvt.com. Blue Cross and Blue Shield of Vermont is an independent corporation operating under a license with the Blue Cross and Blue Shield Association, an association of the independent Blue Cross and Blue Shield Plans.
Learn about Distribution Modernization
About VUE Software®
VUE Software is a leading provider of insurance distribution management, incentive compensation, and sales performance software solutions. Backed by over 23 years of insurance experience, VUE Software solutions are built for the insurance industry to meet the unique needs of the life, health, property and casualty, distribution and non-carrier verticals. VUE Software is a doing-business-as (DBA) name of Computer Solutions and Software International, LLC (CSSI). For more information about VUE Software, please call 1.877.488.3763.
VUE Software is a registered trademark of Computer Solutions and Software International, LLC. The Blue Cross and Blue Shield names and symbols are registered marks of the Blue Cross and Blue Shield Association. All other registered trademarks, trademarks or service marks belong to their respective companies.
SOURCE VUE Software
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
May. 4, 2016 11:15 AM EDT Reads: 1,303
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
May. 4, 2016 11:15 AM EDT Reads: 1,207
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 4, 2016 11:00 AM EDT Reads: 1,400
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
May. 4, 2016 11:00 AM EDT Reads: 1,374
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
May. 4, 2016 11:00 AM EDT Reads: 1,277
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
May. 4, 2016 10:30 AM EDT Reads: 291
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
May. 4, 2016 10:00 AM EDT Reads: 1,133
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
May. 4, 2016 10:00 AM EDT Reads: 1,121
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
May. 4, 2016 10:00 AM EDT Reads: 1,024
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
May. 4, 2016 10:00 AM EDT Reads: 1,013
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
May. 4, 2016 10:00 AM EDT Reads: 1,499
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
May. 4, 2016 09:45 AM EDT Reads: 488
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
May. 4, 2016 09:45 AM EDT Reads: 517
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
May. 4, 2016 09:30 AM EDT Reads: 502
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
May. 4, 2016 08:15 AM EDT Reads: 990