Consolidated Carrier Billing

Carrier Billing For Today

We partnered with VerifiaBill to create the most powerful benefit billing solution ever.
Carrier Invoice Auditing

Know About Every Billing Error

VerifiaBill’s proprietary software does the job for you, identifying and notifying you about every billing error on your carrier invoices. Each month, the VerifiaBill team collects your carrier invoices and imports them into their VerifiaBill system and compares that carrier invoice data to the enrollment information that you have in your benefits administration or payroll system.


Be Informed

Identify Discrepancies

VerifiaBill automatically identifies every single discrepancy that exists between your invoice and your benefits administration system. If someone is missing from the bill, or if they should have been terminated months ago, they tell you about it.

If your carrier doesn’t have updated salaries, you’ll know right away, and even if your benefits administration system is configured incorrectly with the wrong premium rates – they’re going to tell you.

VerifiaBill’s audit reports save you money and ensure that your employees have access to care. On average, their initial audits identify 4% of monthly premium spend as being in error. A company that spends $200,000 per month on employee benefit premiums will typically save $8,000 per month, or $96,000 per year!

Build for Employee Benefits

The Mechanics Behind Invoice Auditing

VerifiaBill’s programming takes into account the fact that legitimate adjustments may exist and not every billing discrepancy is actually an error. When VerifiaBill finds mismatches between your invoice and benefits administration data, it first looks at relevant calendar dates to determine whether the discrepancy should merely be tracked or if it is a legitimate error.

For instance, if an employee was terminated after an invoice was run, VerifiaBill is smart enough to know that this discrepancy should be resolved on the next invoicing run with a balanced adjustment. What makes VerifiaBill extremely powerful is that they only show you the errors that you really need to pay attention to each month.

Accounting Department Advantages

Benefit Cost Allocation

If you have multiple locations, EIN’s, divisions, or any other kind of business unit – you probably care about allocating monthly benefit spend. With multiple carriers, multiple invoices (usually in paper or PDF) and multiple payment portals, gathering and accounting for carrier invoices is extremely difficult and time consuming.

VerifiaBill can do it for you. They allocate every charge from every invoice to its appropriate code or account. You’ll receive a spreadsheet with employee-level billing details from every carrier, as well as departmental summaries. They provide this monthly report to your accounting department within 5 business days from the date that they receive all carrier invoices.

Invoice Hacks

How It Works

Once VerifiaBill is connected to your benefits administration or payroll system, they collect all of your invoices, no matter how they are delivered. Those invoices are then fed into the VerifiaBill system and automatically converted into powerful data.

Their algorithms match the employees on your invoices to the employees listed in your benefits administration or payroll system. Their team always reviews to ensure that the invoices have been imported properly.

The Process

A Simple Workflow

Using the services provided by VerifiaBill makes the consolidated carrier billing process a whole lot easier.
  • 1. Gather Bills:
    VerifiaBIll receives all bills from carrieres.
  • 2. Generate Self-bill:
    If necessary VerifiaBIll can generate self-bills so HR doesn’t have to
  • 3. Consolidate Invoices:
    Invoice PDFs and a summary report sent to HR.
  • 4. Pay Carriers (optional):
    Submit the grand total to VerifiaBIll. They pay the carriers.
  • 5. Audit & Allocate (optional):
    Invoices are processed & audited to patch payroll. Then allocation reports are delivered.
  • 6. Repeat Each Month:
    VerifiaBill will do this on time every month.

Connect with us to discuss how we can lighten your workload.

Ryan Bedrosian

Principal & CEO
Bedrosian & Associates

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