HealthPlan Services (HPS), a technology and administrative services provider for the insurance and managed care markets, is launching RebateLink, a flexible processing solution that reduces costs associated with medical loss ratio (MLR) rebates.
"Managing the MLR and administering rebates requires substantial resources and sophisticated systems that many carriers simply do not have," said Jeff Bak, president and CEO of HPS. "RebateLink provides the tools carriers need to comply with MLR mandates and manage the processing and distribution of rebates in a timely, cost-efficient manner."
RebateLink reduces administrative costs, improves compliance, and mitigates the risk of civil penalties by providing the infrastructure necessary to efficiently comply with MLR mandates.
Recommended For You
RebateLink provides a full range of flexible processing solutions, including:
- Monitoring and integration of the latest MLR policy requirements
- Multiple entry and exit interface points, which provide flexibility for standalone modules
- Gather and store missing employer data
- Calculate rebate
- Create statements and disbursements
- Electronic and paper statement options, as well as multiple disbursement methods, including paper checks, automated clearing house (ACH) credits and premium credits
- Escheatment processing
- Audit support
"By taking advantage of the unique marketing opportunities presented by the rebate process, RebateLink can also turn a profit drain into a revenue gain," said Bak. "The experts at HPS work with carriers to leverage the data collected by RebateLink to improve cross-selling and design tailored retention strategies, and to provide comprehensive member support services."
RebateLink is part of the Links Suite of Services, a set of solutions designed to address the operational needs of individual, small group, voluntary and association plan providers. The Links Suite of Services leverages HPS' more than 40 years of experience providing administrative solutions that lead to profitable growth, operational efficiency and savings, and speed to market. It achieves those results with scalable, business-driven technology platforms, industry-leading billing aggregation and financial systems, alternate and traditional distribution networks and analytics-based retention programs.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
