SPECIAL EDITION: Elite Partners Series – featuring VIMLY BENEFIT SOLUTIONS, INC.
August 2022
We are very proud of our Elite Partnerships with Carriers and Vendors that incorporate technology into all they do. This series features each of our Elite Partners, who offer savings and efficiencies for your technology and communication needs.
This week’s featured partner is Vimly. Our series hosts, Therese Tomasek & Holli Brummett, sat down with Josh DeSart & Braddon White to discuss Vimly’s tech know-how, company developments, and market wins. Be sure also to check out the Vimly podcast episode.
BTR:
What is Vimly’s claim to fame?
Vimly:
Vimly is a best-in-class benefits administration technology solution architected for organizations with an aggregated business model, such as MEWAs, trusts, association health plans, PEOs, health plans, TPAs, and other similar groups. With a focus on streamlining workflows and creating efficiencies, Vimly provides a comprehensive platform for quoting, enrollment, eligibility, consolidated billing, integrations, and more.
BTR:
How did you arrive at the MEWA niche?
Vimly:
Vimly has been around for almost 30 years. We started in 1993 as a TPA providing solutions for the small group market through association health plans. We quickly realized there was no specific technology platform built to support the complexity of that sect of the market, so we built the solution.
BTR:
What are the specific needs you see with MEWAs?
Vimly:
MEWAs face a lot of manual processes and complexities, especially around billing, reconciliation, and communication. There is a lack of technology options in the market that support aggregated businesses with the mission-critical knowledge that Vimly deploys.
BTR:
Tell us more about the features and benefits of your solution.
Vimly:
Our technology platform, SIMON®, is a HITRUST® certified benefits administration technology and services solution. The four key pillars of Vimly’s proprietary platform include– quoting, enrollment & eligibility, true consolidated billing & settlement, and robust integrations. Vimly’s flagship product, consolidated billing, features the ability to consolidate any carrier premiums, broker commissions, administration fees, etc., for each member group into a single invoice, allowing for direct pay within the system or otherwise. Vimly also reconciles and disperses payment for enrollments, is keen on integrations (inbound and outbound), and the technology is mobile-optimized.
We also allow our clients the flexibility to pursue our white-labeled technology through a full-service support model or as a SaaS-only solution. Vimly also can support trust administration services, integrated COBRA, CDH needs, ACA services, and more, focusing on data security and integrity.
BTR:
What’s on Vimly’s roadmap?
Vimly:
We’re excited about the continued development of our quoting solution, underwriting capabilities for fully-insured, self-funded, and level-funded plans, and our API catalog & portal. Vimly strives to be the single source of truth from the pre-sale of an insurance plan through to the billing and settlement process. We are investing in our technology year-over-year to ensure we have the best product available for our partners across the multi-employer markets.
BTR:
What else would you like the share about your solution?
Vimly:
Vimly has multiple user experiences across a single code set – including experiences for the employee, the individual employer, brokers, and the partner portal. Everything is aggregated, providing complete visibility and control over the entire book of business. Features like “create an employer” allow new employers to be added within minutes to any multi-employer group, allowing for efficient execution and a platform for growth and scale.
BTR appreciates our partnership with our Elite Partners. Be sure to check out our other partners on our website. If you’d like more information about savings and efficiencies offered through our Elite Partners, please email BTRProjects@bentechre.com.