NAA’s accounting and financial reporting systems interface with all other administrative systems, such as eligibility, claims, payables, and receivables. This integrated system allows us the flexibility to individually define and maintain accounting procedures and controls to meet the distinct needs of each client.
Account Funding and Reconciliation
Our promise to “protect your employees and your money” starts with safe and secure banking. Clients of NAA will maintain a separate claim fund account at the bank of their choice. We insist on this approach to maintain the integrity of employer and employee plan contributions. Clients may choose to fund their accounts automatically or based on actual check registers or claim reports generated at intervals specified by them. Bank account reconciliation is available upon request.
Claim Check Fulfillment Service
To further safeguard your money and insure efficient distribution, we proudly partner with a fulfillment provider. Through fully integrated, HIPAA secure systems, this service manages the printing and mailing of all claim checks and Explanations of Benefits. This allows us to take advantage of reduced postage, communication and operational costs for all payment functions.
We provide consolidated billing and multi-vendor direct payment. Thus, one billing statement provides a detail listing of plan contributions, insurance premiums, and all fees. We will forward payments to the appropriate fully insured carriers and other plan partners. We can also provide division, location or departmental billing as necessary for ease of payment and record keeping.