Secova’s premium billing and reconciliation services streamline the complex data/dollar transactions between entities and their carriers by generating a consolidated or “single remittance” bill. Secova works with you to establish a data baseline and performs the more difficult, detailed work of finding irregularities, determining their cause, and fixing problems so that your covered employee and their dependent are not impacted.

Premium Billing & Reconciliation services include:

• Eligibility reporting to carriers
• Automated and line-by-line reconciliation
• Discrepancy resolution
• Single-remittance billing
• Premium and funds transfer
• Periodic reconciliation and auditing

For companies who offer fully insured or self-insured plan options with a need to manage multiple plans, vendors, rates and bills, Secova's Premium Billing and Reconciliation Services help identify, document, and resolve data and premium issues that lead to lost dollars. Secova calculates, audits, and prepares monthly premium billing reports as an objective party on your behalf so you can accurately pay your bills.

At Secova, our process of monitoring progress and requesting customer feedback continues to ensure that operations are efficient, effective and meet your needs. When pairing Premium Billing and Reconciliation services with Secova's Data and Eligibility Management services, your overall process remains in balance as eligibility aligns with premium and/or carrier Administration Services Only (ASO) for accounting or retroactivity that occurs.