We offer two great options for Billing Reconciliation:
Two Source and Three Source Bill Reconciliation
Two Source and Three Source Bill Reconciliation
Two Source Bill Reconciliation
We will reconcile actual premiums collected from employees’ payroll against expected premiums based on vendor invoice/bill and provide a total amount the vendor is owed along with a detailed report.
- Total premium amount due to vendor
- Overpaid: employee premiums overpaid per vendor expectations and/or client’s enrollment records
Underpaid: employee premiums underpaid per vendor expectations and/or client’s enrollment records
- NotBilled: employee premiums collected that match the client’s enrollment records but are not present on the vendor’s invoice/bill (when itemized by invoice/bill provided)
NotCollected: employee premiums expected by vendor but no premiums collected from employee’s paycheck
Three Source Bill Reconciliation
We will reconcile actual premiums collected from employees’ payroll against expected premiums based on elections and vendor invoices/bills. We will then provide the total amount the vendor is owed along with a detailed report.
- Total premium amount due to vendor
- Overpaid: employee premiums overpaid per vendor expectations and/or client’s enrollment records
Underpaid: employee premiums underpaid per vendor expectations and/or client’s enrollment records
- NotBilled: employee premiums collected that match the client’s enrollment records but are not present on the vendor’s invoice/bill (when itemized by invoice/bill provided)
NotCollected: employee premiums expected by vendor but no premiums collected from employee’s paycheck
Orphaned: a record that only appears on one of the three reconciliation sources
File submission to payroll
Two Source Bill Reconciliation
We will reconcile actual premiums collected from employees’ payroll against expected premiums based on vendor invoice/bill and provide a total amount the vendor is owed along with a detailed report.
- Total premium amount due to vendor
- Overpaid: employee premiums overpaid per vendor expectations and/or client’s enrollment records
Underpaid: employee premiums underpaid per vendor expectations and/or client’s enrollment records
- NotBilled: employee premiums collected that match the client’s enrollment records but are not present on the vendor’s invoice/bill (when itemized by invoice/bill provided)
NotCollected: employee premiums expected by vendor but no premiums collected from employee’s paycheck
Three Source Bill Reconciliation
We will reconcile actual premiums collected from employees’ payroll against expected premiums based on elections and vendor invoice/bill. We will then provide a total amount the vendor is owed along with a detailed report.
- Total premium amount due to vendor
- Overpaid: employee premiums overpaid per vendor expectations and/or client’s enrollment records
Underpaid: employee premiums underpaid per vendor expectations and/or client’s enrollment records
- NotBilled: employee premiums collected that match the client’s enrollment records but are not present on the vendor’s invoice/bill (when itemized by invoice/bill provided)
NotCollected: employee premiums expected by vendor but no premiums collected from employee’s paycheck
Orphaned: record that only appears on one of the three reconciliation sources
File submission to payroll