News By Tag
News By Location
MTSS-mba Software Turns Membership & Benefits Administration into a Profit Center
- System Unearths 3% Average Increase in Revenue Helping Third Party Administrators, Unions and Private Fund Companies Collect More Dollars in Tough Economic Times -
Benefitting from over 20 years of feedback from industry users, MTSS-mba is a mature, feature-rich and powerful solution that more efficiently manages employee benefits. For one client collecting roughly $160 million in benefits premiums annually, MTSS immediately identified missing employer contributions and provider over-billings totaling over $3 million. Over $6 million more was added to that figure during the first six months of operations. This represented an error rate of nearly 6%, all of which was recoverable. Month after month the system continued to identify recoverable amounts totaling between $5 million and $8 million per year for this company.
For another company, collecting roughly $50 million in benefits premiums annually, MTSS instantly identified an error rate in excess of 3% in unpaid employer contributions and provider over-billings. Over $1.5 million of this was immediately collectable. MTSS continued to identify recoverable amounts of between $30,000 and $70,000 monthly.
How? MTSS-mba streamlines the management and tracking of the large quantities of member data required to administer benefits programs – including non-benefits related information such as dues, PAC, employment data, dependent data -- and makes it quickly and easily retrievable right from your desktop. This proven software does it all. It tracks, reports and calculates dues, benefits eligibility, payments and payment shortages. It also provides document imaging, member and benefit statistics, automated downloading and posting of employer and membership data, benefit provider reconciliation, eligibility and benefit experience costing, pension remittance and vesting processing, and much more.
Simply put, MTSS-mba offers the broadest capabilities and features available, the best performance in the industry, and the most intuitive and user-friendly interface. Moreover, its customizable, modular design affords seamless integration to accommodate any work-flow environment -- from the simplest single fund entity to the most complicated multi-entity, multi-fund organization. The result is ease of operation, and an intuitive application that runs smooth and fast. MTSS-mba is also easy to maintain and requires little training for users.
MTSS-mba’s Features Include:
• Membership demographics tracking
• Benefit Programs Administration
• HIPAA compliant
• User level security access
• Contribution based benefits tracking for benefits programs including, for example
o H&W Benefits
o Legal Services Benefits
o Pension Benefit Programs
• Benefits Eligibility Reconciliation
• Dues support – Fixed or Percentage
• Multiple employer participation
• Integrated document imaging for vital records management
• Automated data feed from employers
• Automated data feed from benefits providers
• Broad selection of reports
• Mailing and member/dependent notices support
Manages Specific Benefit Data for:
• Plan participants
• Employer participants
• Benefit providers
About Talbot Business Solutions, LLC
Talbot Business Solutions was founded in Gaithersburg, Maryland in 2009 with the goal of bringing the absolute best management software solutions, and the highest customer service, to the Employee Benefits industry. MTSS-mba is the flagship solution in reaching that objective. Talbot Business Solutions, LLC is led by experienced Membership and Employee Benefits Administration veterans who have a history of providing excellent service to the private as well as Taft-Hartley Employee Benefits community. To learn more about our solutions, please call (301) 825-9750, send email to info@MTSS-mba.com or visit online at www.MTSS-mba.com
# # #
The GriffRex Group llc, is a management consulting firm working with business, to integrate financial management, marketing methodology, sales process, operations & corporate strategy to impliment corporate performence management to help companies grow