Published:
Blue Cross and Blue Shield of Vermont Saves Nearly a Half-Million Dollars with a Microsoft Partner Compensation Management Solution
REDMOND, Wash., Nov. 19 /PRNewswire-FirstCall/ -- Microsoft Corp. today
announced that Blue Cross and Blue Shield ofVermont (BCBSVT),Vermont's
largest private health carrier, has saved nearly a half-million dollars with a
Microsoft partner compensation management system. Implemented to overhaul
incentive compensation and agent management capabilities, Computer Solutions &
Software International's (CSSI) VUE Compensation Management, a Microsoft .NET
Framework-based application, has also enabled BCBSVT to decouple broker
commissions from insurance premiums, reduce manual interventions by 97 percent
and go paperless with broker commission statements.
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"Since the start of the implementation in March 2007, VUE Compensation
Management has enabled us to examine every broker compensation arrangement in
place, identifying out-of-date incentive programs and recognizing cases where
broker commissions were not leveraging the desired business result," said
Ellen Yakubik, marketing director, Blue Cross and Blue Shield ofVermont. "As
a result of this data cleanup and improved processing controls, BCBSVT has
saved nearly half a million dollars. Over the next few years, we expect VUE
Compensation Management to help us further refine our broker payment processes
and focus our commission costs on maximizing the value from our distribution
channels."
Before it used VUE Compensation Management, BCBSVT paid brokers a
percentage of insurance premiums, and as these premiums rose, commission
payouts increased from $3 million to more than $10 million. Now, BCBSVT has
the flexibility needed to curb these rising costs by structuring commissions
on the basis of subscriber contracts or pay-for-performance agreements, rather
than having commissions tied only to medical premiums.
In addition, VUE Compensation Management has created a single data store
for all broker information and has facilitated BCBSVT to disburse 85 percent
of broker payments electronically. By next quarter, BCBSVT expects to process
50 percent of the commission statements electronically. The time spent
processing commissions has gone from 65 hours per month to only six, and as
the organization continues to go paperless, it expects further savings.
Based on the Microsoft .NET Framework, VUE Compensation Management has
delivered a solid platform to streamline BCBSVT's complex commission and
incentive programs. The solution integrates with Microsoft SQL Server 2005, a
scalable and highly secure database providing the capabilities needed to store
and access large volumes of data present in BCBSVT's commission and incentive
programs. BCBSVT utilizes SQL Server Reporting Services to provide
comprehensive reporting and the intelligence needed to efficiently run their
organization.
"Processing broker commissions in a favorable way is one of the biggest
challenges plaguing the payer industry today," said Dennis Schmuland, U.S.
health plan industry solutions director at Microsoft. "The implementation of
VUE Compensation Management exemplifies the need for health payers to drive
out administrative inefficiencies to free up the capital needed to focus on
what the market is demanding: healthier members, affordable care that's
consistently high-quality, and a first-class customer experience."
"We're very proud of the results we've delivered with the BCBSVT project,"
said Stephen Bruno, president and chief executive officer of CSSI. "Its story
underscores the operational challenges of commissions and incentives inherent
in the health insurance market. Since insurance is our focus, we were able to
bring business expertise and deep technical knowledge to secure a successful
deployment. As a result of VUE Compensation Management, the BCBSVT team now
has the system flexibility and business intelligence to build stronger, more
effective partnerships with its producer channel."
About BCBS Vermont
Blue Cross and Blue Shield ofVermont is the state's oldest and largest
private health insurer, providing coverage for about 180,000 Vermonters. It
employs over 350 Vermonters at its headquarters inBerlin and its full-service
field office inWilliston, and has offered group and individual health plans
to Vermonters for more than 60 years. Blue Cross and Blue Shield ofVermont is
an independent licensee of the Blue Cross and Blue Shield Association, an
association of independent Blue Cross and Blue Shield Plans.
About CSSI and VUE Software
VUE Software(R) is the product division of Computer Solutions and Software
International dedicated to providing industry-specific business technology
solutions to companies in the insurance, healthcare, and construction
verticals. Because they are tailored to the needs of these particular
industries, our solutions are different from one-size-fits-all performance
management and compensation suites such as enterprise incentive management
(EIM) and sales performance management (SPM) solutions. VUE Software's
solutions allow companies to manage strategic incentive plans, automate
producer administration and organize complex data and contractor policies,
resulting in greater administrative efficiency and improved sales performance.
For more information about VUE Software, please call 1-877-4-VUESOFT or visit
http://www.vuesoftware.com.
CSSI and VUE Software are registered trademarks of Computer Solutions &
Software International, Inc. All other registered trademarks, trademarks or
service marks belong to their respective companies.
About Microsoft in Health
Microsoft is committed to improving health around the world through
software innovation. Over the past 12 years, Microsoft has steadily increased
its investments in health, with a focus on addressing the challenges of health
providers, health and social services organizations, payers, consumers and
life sciences companies worldwide. Microsoft closely collaborates with a broad
ecosystem of partners and develops its own powerful health solutions, such as
Amalga and HealthVault. Together, Microsoft and its industry partners are
working to advance a vision of unifying health information and making it more
readily available, ensuring the best quality of life and affordable care for
everyone.
About Microsoft
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in
software, services and solutions that help people and businesses realize their
full potential.
SOURCE Microsoft Corp.
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Copyright © 2009, NewsBlaze,
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