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Paylogix® introduces Premium Solutions® for the Insurance Industry

(Garden City, New York, October 01, 2001)
Paylogix®, a technology based provider of billing solutions to the insurance industry, announces the introduction of Paylogix® Premium Solutions®. Paylogix® web-enabled premium billing solutions are now available on a true application service provider (ASP) arrangement, transforming legacy-based paper billing processes into efficient online interactive relationships. This technology lease provides a pay-as-you-go means for an insurer to launch a fully functional electronic business-to-business (B2B) application via the Internet while supporting existing and far more traditional billing transactions. As part of a comprehensive B2B e-commerce strategy, Paylogix® automates the invoicing, payment and related customer service functions between the insurer, distribution, insured and the employer.

Built by an experienced third party administrator of premium billing services, this is the only web-based invoicing application that provides a fully interactive environment designed to address the dynamic character of group and voluntary insurance products. Paylogix® Premium Solutions™ offers insurers and benefit providers a means to make the quantum leap from marketware to true e-commerce while at the same time addressing efficiencies and functionality previously thought to be unattainable.

Premium Solutions™ are designed for the most demanding insurance B2B requirements—those with volume client relationships, invoices and multiple distribution partners. This design ensures a scalable solution for large users as well as for users that will implement in phases or grow over time. Paylogix® supplies benefit providers and their agents with a custom, private labeled web portal that can be used to monitor account activity, generate reports and exchange data.

Paylogix® offers a flexible, scalable, reliable and secure system architecture for managing high volume business-to-business processing of insurance premiums and benefit contributions. Paylogix® self-service systems are designed to dramatically reduce administration and expenses while increasing retention, and customer satisfaction. Offered both as a Third Party Administrative (TPA) outsource service and as a true Application Service Provider (ASP) product, Paylogix® enables an insurer to customize their invoicing and payment applications to fit their needs without compromising control.

Founded in 1995, Paylogix® pioneers and incorporates innovative technologies like their web-enabled Consolidated Billing® system to provide cost-effective solutions and expert service. Paylogix® currently administers the premium billing, collection, reconciliation and remittance for prominent insurers and group providers in North America. Interested parties should call (800) 622-4131 or via e-mail: