ACS Benefit Services - Company Research Report
Company Overview
Name
ACS Benefit Services
Mission
Our mission at ACS Benefit Services is to be the premier Third-Party Administrator in the United States and to be recognized as such by our partners, peers, clients, members, medical providers, and the general public. We aim to continuously direct efforts and resources towards product innovation, excellence in customer service, market expansion, and community and employee well-being.
Founded By
No information is available.
Key People
- Bruce Allen: Chief Executive Officer (as of July 1, 2023)
- Beverly Proctor: Interim CEO (until July 1, 2023) and resumed Chief Operating Officer role.
Headquarters
No information is available.
Number of Employees
No information is available.
Revenue
No information is available.
Company Specialty
ACS Benefit Services is recognized as a leading third-party administrator providing innovative self-funded benefit solutions, customizing health plans to meet the needs of employer groups. They focus extensively on compliance, operational efficiency, improved participant experience, and scalability.
Products
Product Offerings and Descriptions
1. COBRA Services
- Comprehensive COBRA and direct bill services for employers of all sizes focusing on regulatory compliance, operational efficiency, improved participant experience, and scalability.
2. Dialysis +Plus
- An innovative solution designed to manage high-cost renal claims, streamlining administration and normalizing claim costs.
3. TRUEFunding
- Provides predictability and transparency, acting as a bridge product for employers transitioning from fully-insured or carrier-level funding to self-funding models.
4. CostPlus
- A reference-based pricing model providing total transparency and payment for medical services based on Medicare's pricing system, aimed at reducing costs while expanding employee benefits.
5. Comprehensive Reporting
- Offers data-driven insights enabling informed decision-making for better business outcomes.
6. Customizable Health Plans
- Designs that target specific client needs and incorporate industry-leading solutions and technology.
7. Web Portal
- Offers 24/7/365 access for members, employers, and providers, enhancing user experiences and accessibility.
Key Features
- Customization and flexibility in plan design.
- Comprehensive support and administrative services.
- Cutting-edge online portal technology.
- Strong focus on regulatory compliance and operational efficiency.
- Transparent pricing models with plug-and-play capabilities for reinsurance.
Recent Developments
New Product Launches
No information is available.
New Features
No information is available.
Partnerships
1. Allegacy Benefit Solutions
- Partnership formed to deliver a joint captive insurance solution for North Carolina employer groups.
2. Delta Dental of North Carolina
- Partnership allowing ACS members in North Carolina access to the state’s largest network of dentists.
Corporate Developments
- Bruce Allen appointed as the new Chief Executive Officer effective July 1, 2023.
- ACS was named a finalist for the Triad Business Journal’s Best Places to Work in 2024, showcasing a commitment to workplace culture.
Additional Information
ACS Benefit Services has maintained a reputation as a full-service TPA, consistently delivering high-quality self-funded solutions across diverse markets. They pride themselves on outstanding customer service and innovative approaches to healthcare benefit challenges.
Overall, ACS Benefit Services is dedicated to expanding its marketing efforts and aims to be recognized for its excellent service and innovative health benefit solutions.
