Top 5 reasons to pivot to a new ACA solution for your book of business

Top 5 reasons to pivot to a new ACA solution for your book of business

They say a jack of all trades is a master of none and that’s certainly true in the business world. Even the largest companies can’t be all things to all customers.

It’s a matter of focus. Finding the right partner for technology that falls outside your company’s core expertise is integral. This is especially important when it comes to matters concerning the Affordable Care Act (ACA) because of the complexity of its rules and regulations. And failure to comply carries severe financial implications for your clients.

For benefits administrators and many payroll and tax providers, the ACA is a vital component of the competitive marketplace. Your clients expect ACA services. Should you fail to provide ACA capabilities that meet your clients’ needs, they will go to a competitor that does. Ultimately, this jeopardizes the long-term health of your business and gives your competition the advantage.

Now, in year four of employer ACA reporting requirements, is your ACA solution up to the challenge? Is it as good as your other services or is it negatively impacting the perception of your organization’s overall value? If it’s not up to par, what are you doing about it? In today’s challenging environment, you can’t stand still with ACA technology and expect to keep up with the changing marketplace.

5 Reasons to consider a better solution
Is it time to pivot your ACA Solution?  If any of these 5 reasons ring true for your organization, it may be time to make a move:

  1. The quality of your ACA services, solution and experience pales in comparison to your core business services, impacting client satisfaction, retention and growth.
  2. Your technology isn’t providing your clients with the accurate eligibility management and automatic coding capabilities your clients expect.
  3. Your technology provides limited or no transparency into client results and potential compliance issues on a monthly basis, leaving clients vulnerable to penalty assessments.
  4. You have missed client reporting and filing deadlines.
  5. Your clients are inundated with IRS corrections.

If any of these reasons ring true, a better solution is warranted….Read on.

Finding your ACA partner
Your business is unique and a one-size-fits all approach won’t work for you or your clients.  You need an ACA solution that’s flexible enough to fit with your existing technology and service model framework. Your clients want a transparent solution that creates an audit trail to easily respond to IRS requests and minimize penalty risk. We can help.

Whether you are shifting your focus off your core business to invest in providing a comprehensive ACA compliance solution or you’re looking to expand your core services, Health e(fx) can support you in your initiatives.

Now serving over 17.6 million members, Health e(fx) is the largest ACA software solution. We serve administrators and technology strategic partners, as well as direct-to-employer markets.

From reporting fulfillment to full-service ACA compliance management, Health e(fx) cuts through the complexities of healthcare reform to empower our strategic partners to support ACA compliance across their book of business. Our technology helps your clients comply with health reform laws, manage benefits eligibility, meet ACA reporting requirements and plan for the future.

Why offer the leading ACA software solution to your clients? Clients can’t afford surprises. They need transparency and the ability to monitor compliance in real-time to actively manage compliance and prevent monthly penalties. And for reporting, clients need ready access to a platform that houses their data and coding and supports electronic IRS submission and responses, as well as form printing and electronic delivery to employees.

Our technology is flexible and works with all employer client profiles and service models to support each organization’s ACA compliance requirements. We are continuously monitoring changes in requirements and keeping our technology up-to-date so you don’t have to.

Whether you want to run your ACA client services on Compliance Connect™, our private-label SaaS Platform, or you want us to manage all technical services for you, we’ll design a partner model that’s specific to your needs—all at a lower cost to your business.

If you’re interested in learning more about how Health e(fx) helps partners like you, click here to visit our partner landing page and read more bout how we can partner to bring the leading and largest ACA software solution to your clients.