Aldera, a leading provider of core administration and private portal solutions for healthcare payers, today announced that group dental and vision plan administrator Cypress Ancillary Benefits selected Aldera’s payer platform to fuel anticipated growth in the next two years. California-based Cypress will replace its legacy technology with Aldera’s integrated core administration, portal and healthcare informatics platform to simplify its transaction processing, support the rapid configuration of new groups and product lines and view operational reports easily across its mostly California business. All capabilities are critical to meeting the company’s expected growth projections.

“The consolidation of bigger market players has opened a window for regional health plans and administrators to capture market share,” said Aldera Chief Sales Officer Matthew Francis. “To be competitive, those payers need smoothly running operations that give them the ability to add and support new groups with diverse benefit packages and provide executives a daily view into the business. They also need a vision for adding future capabilities like more sophisticated care coordination and value-based payments; Aldera delivers all of these.”

Key to the Cypress selection was Aldera’s high-touch implementation model that drives a system replacement in about nine months. Cypress was also impressed with the healthcare informatics capability, which will allow them to create, schedule and deliver ad-hoc reports to different users depending on level and need. Cypress also appreciated Aldera’s comprehensive and integrated portal technology for brokers, employers, providers, members and administrators.

“Our growth plans are dependent on the Aldera payer platform being in place in 2016 and Aldera has a reputation in the industry for providing a comprehensive technology implementation,” said Amy Yates, VP of Finance & Underwriting at Cypress. “We couldn’t afford to simply be trained on the technology and drive the implementation ourselves. Aldera will walk with us through every step of the implementation, including the complex data conversion process, to make sure that we have the operational efficiencies and the reports to keep our growth on target.”

Aldera’s payer platform provides several key benefits to payers including:

  • Risk mitigation with a fixed-fee implementation that provides a full technology rip and replace in less than a year
  • Flexible, real-time technical capabilities that provide operational confidence and room to grow
  • Integrated core, portal and healthcare informatics capabilities within a single payer platform
  • On-demand reporting, with “drop-and-drag” creation that any user can define
  • Innovative vision and capabilities that improve outcomes, engage members and providers, and provide a roadmap for new healthcare requirements around reimbursement models and care coordination

About Aldera

Aldera provides healthcare payers with a flexible, rules-based and functionally rich platform that enables them to meet industry challenges, improve business performance and future-proof their organizations. Aldera’s platform supports 37 million members across all lines of business in commercial and government markets. Aldera’s offerings are available via cloud-based SaaS subscription or term license models. For more information, please visit our website at www.aldera.com, LinkedIn @ linkedin.com/company/aldera_inc, Twitter @ twitter.com/aldera_inc, or call 800-507-3895.