streamline business functions
SHPS exchange and billing provides our partners with fast, accurate collection and distribution of benefits enrollment data, coupled with billing management. Use our flexible data exchange infrastructure to capture enrollment data from employer groups or to distribute enrollment to other carriers providing services to your client's employees. Deploy our billing capabilities to deliver consolidated premium and ASO invoices to your clients for all of their health and welfare benefits.

client convenience
SHPS exchange and billing easily integrates into your existing product portfolio. It can help your clients manage multiple carriers – whether it’s billing, payments or data. By simplifying these tedious and complex processes into a single, consolidated source, it becomes an attractive offering to your clients – and another selling point for your organization.

bundled solutions
You can bundle SHPS exchange and billing with our other healthcare and benefit offerings to meet your different customers’ needs. For example, combining it with SHPS absence management helps those with many seasonal workers or employees on leave. Or adding it to our spending accounts can help with eligible payments. No matter the need, SHPS can partner with your organization to create a solution that’s right for you.

SHPS exchange and billing offers its partners:

• smooth data exchanges. Our flexible data infrastructure provides enrollment and dis-enrollment transaction interfaces, weekly confirmation files and monthly membership reconciliation files.
  
  
• invoice generation and mailing. We currently deliver individual invoices to more than 125,000 COBRA participants and retirees each month.
  
  
• options for billing and collection. SHPS can bill your organization’s employer groups or directly bill your client’s employees. We currently provide group billing services for partners and employers representing 2.5 million enrolled members. And we accept check and debit card payments, by mail or online through our web portal.
  
  
• cost savings. Collecting premiums from retirees or those on leave can be costly and tedious. SHPS billing and exchange can handle this administration for you – saving your organization time and money.
  
  
• simplicity. SHPS billing and exchange solves complex problems, like integrating USERRA military leave extensions with COBRA or covering two premiums (such as retirement and COBRA) with a single process. It can also be linked to our in-house legal team to ensure regulatory compliance.
  
  
• an added benefit offering for your clients. SHPS billing and exchange acts a consolidated source for managing multiple carriers – providing your organization with an additional service offering that’s attractive to current and potential clients.