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.
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