BUSINESS PROCESS MANAGEMENT
Accelergent Growth Solutions offers a broad spectrum of business process management and administrative services, including process automation, outsourcing, and back-office services for the benefits, financial services, and insurance industries, including associated business sectors such as employee benefits administration.
During times of market and societal change, driving value becomes increasingly important. A company’s operating model can be essential to that effort by optimizing and transforming business processes, enhancing resiliency, increasing agility and competitive advantages, and ultimately, achieving better business outcomes.
Prepare for Growth
Increase Efficiency
Reduce Costs
Task-Based, Project-Based, or Turnkey Solutions
Custom Arrangements
Count on Accelergent Growth Solutions as a skilled and secure extension of your own team. Experienced and highly accurate with a 99+% accuracy as reported by our clients, we are able to optimize and streamline your business processes and adapt to the changing needs of your business.
AVAILABLE SERVICES
In addition to the business process management services listed below, we can address many other business requirements. Talk to us about your specific needs.
Examples of additional capabilities specific to our specialty in the employee benefits sector include:
BUSINESS PROCESS OUTSOURCING: A CASE STUDY
Business process outsourcing (BPO) is an important component of business process management. It empowers companies to leverage seasoned professionals without the need for internal hiring, allowing for effective cost management and enhanced business agility. BPO services also mitigate employee stress, reducing the risk of burnout. A key advantage of BPO lies in its ability to accelerate important business processes, enabling businesses to concentrate on their core services. This streamlined approach is particularly crucial for functions such as administrative processing performed by employee benefits TPAs.
In a recent case study regarding the benefits of BPO services, we calculated the actual operational costs associated with routine tasks performed by an employee benefits TPA serving 1,200 client groups, managing 25,000 CDH lives, and overseeing 10,000 COBRA accounts. We then compared these expenses to the costs of outsourcing the same work to Accelergent Growth Solutions.
Peak Season Processing
Process | Tasks | In-House Cost | Accelergent Cost | Savings |
|---|---|---|---|---|
Enrollment | 37,000 | $68,000 | $32,300 | $35,700 |
COBRA Plan Setup | 4,500 | $68,650 | $23,800 | $44,850 |
Day-to-Day Processing
Process | Tasks | In-House Cost | Accelergent Cost | Savings |
|---|---|---|---|---|
Contributions | 294,950 | $330,350 | $156,700 | $173,650 |
Claims | 230,000 | $239,750 | $109,450 | $130,300 |
COBRA | 205,000 | $607,850 | $212,500 | $395,350 |
Monthly Processing
Process | Tasks | In-House Cost | Accelergent Cost | Savings |
|---|---|---|---|---|
Employer Invoicing (12 months) | 14,400 | $10,750 | $5,100 | $5,650 |
Total Annual Savings
Tasks | In-House Cost | Accelergent Cost | Savings | |
|---|---|---|---|---|
785,850 | $1,325,350 | $539,850 | $785,500 |
- for TPA with -
1,200 employer groups
25,000 CDH lives
10,000 COBRA accounts
almost
SECURITY FOR BUSINESS PROCESS MANAGEMENT SERVICES
Our top priority is always the security and confidentiality of your data, processes, and systems.
Regular audits to provide
security assurance
Dedicated VPN connectivity
Controlled internet access
Regular monitoring of internet traffic
Multi-layered network protection
Restricted facility access with
layered access control
Employee confidentiality agreements
Employee background checks
