CLEVELAND, Oct. 31, 2023 /PRNewswire/ — TPA Stream, an insurance technology software company committed to improving how benefits are administered, today announced the launch of consolidated invoicing, expanding their billing solutions to all third party administrators.
Administrators can now generate one invoice for all services they provide, across CDH/COBRA administration, transit, cafeteria plans, medical premiums, and retirement benefits fees. Consolidated Invoicing by TPA Stream connects with any benefits administration system and pulls all information needed to either calculate fees and/or directly add them to a consolidated invoice. Consolidated Invoicing improves the ability to generate more revenue for administrators and is a value-add to employers looking for one bill from their administrator. This is the only solution on the market that can be used for any benefit type.