DataPath Whitepaper Analyzes the Value of Outsourcing Benefits Administration for Employers

outsourcing benefits administration

New DataPath whitepaper explores the complexities of healthcare benefits administration and why employers should consider outsourcing

LITTLE ROCK, ARKANSAS (July 11, 2019) – The complex and highly-regulated field of healthcare benefits administration should not be taken lightly. A new whitepaper from DataPath, Inc., the longest running software provider in the healthcare benefits administration industry, surveys the potential perils of keeping benefits administration in-house and offers a solution for cost-minded businesses.

The whitepaper, “Employers Looking to Save Money, Hire Top Talent, and Deliver Quality Benefits Should Hire a Third Party Administrator,” discusses the numerous job responsibilities, expenses, compliance needs, and penalties associated with plan setup and account administration. The paper points out that keeping the work in-house may sound appealing to some companies, but hiring additional staff or tasking current employees to take on this detail-oriented job may not be the best option. As such, employers of all sizes should consider hiring a professional third party administrator.

“Proper benefits administration is a tremendous undertaking that can take a lot of time,” says Sean Cox, Chief Revenue Officer at DataPath. “If it’s not done right, compliance violations carry heavy penalties. Hiring a professional administrator should be part of the discussion for employers.”

READ THE WHITEPAPER

About DataPath: Headquartered in Little Rock, Arkansas, DataPath, Inc. has been in business since 1984. DataPath creates solutions for the administration of employer-sponsored benefits including Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), and COBRA. The company also created the award-winning employee education and engagement program The Adventures of Captain Contributor™. Learn more at dpath.com.

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