Video: 3x3x3 Challenge with BenefitsAlly
Our own Josh DeSart spent three minutes with BenefitsAlly, participating in their 3x3x3 challenge.
- Three questions
- Three slides
- Three minutes
Get a quick insight into who Vimly is, who we serve, and what makes us different.
Vimly Benefit Solutions is a benefits administration provider that serves small to mid-sized businesses (SMBs) through Association Health Plans (AHPs), multi-employer trusts, and more.
Transcription:
Who is Vimly Benefit Solutions?
Yeah, Vimly is a privately held woman-owned benefits administration platform and services company uniquely positioned to support the multi-employer markets or any aggregated business model to help streamline workflows, automate processes, and create efficiencies. We've been around for 30 years and have become the industry leader in a very niche market with a best in class 99% partner retention rate.
How is Vimly different?
Yeah. When you think about benefits administration, typically software and services come to mind. Our proprietary HITRUST certified platform is uniquely architected to support multi-employer arrangements. There are many ben admin platforms out there built for the single employer with very few built to support pooled group arrangements like ours. We simplify quoting, enrollment and eligibility, true consolidated billing and settlement, and very robust integrations through our DataBridge, inbound and outbound EDI and API. In addition to our platform architecture, our true consolidated billing solution also sets us apart. A single invoice to each group for all premium, broker commission, admin fees, et cetera. We take the payment, it's reconciled in real time, and then dispersed on the backend to all stakeholders. Enrollment is really the commodity out there. The scarcity is what happens in the backend with eligibility, billing and payments, where we shine. Our trust administration support for financial statements and board meeting minutes is another differentiator in the market.
Who is a good fit for Vimly?
Yeah, any organization who needs visibility and control over an entire book of business, specifically associations, trusts, MEWAs, PEOs, TPAs, GAs, and health plans. Most ben admin platforms stop at the employer level. You see here, we've taken our platform two levels higher to aggregate books of business. Our platform offers four unique user experiences for the partner, employer, broker, and employee, all tied together on a single set of code, allowing seamless portal integration between stakeholders, whether it's being leveraged in a SaaS model or TPA services model where we power the business with a dedicated high-touch service team. We take a very consultative approach to identify the best fit technology and service combination to best fit each partner, because they're all unique.