DataPath Summit Marks Industry First with New Billing Functionality
DataPath’s expanded Summit platform becomes the industry’s only cloud-based solution for seamless CDH account and COBRA administration.
LITTLE ROCK (November 7, 2017) ‒ DataPath, Inc., a leading innovator in the consumer-directed healthcare industry, announced today new COBRA billing functionality in Summit, the company’s cloud-based benefits administration platform. With Summit COBRA, benefits administrators will be able to perform both CDH and COBRA account administration within the industry’s only fully-unified cloud system. Prior to Summit, benefits administrators were required to use two different systems, often from different vendors, for CDH account administration and COBRA billing.
“Summit’s functionality is unrivaled,” says Greg Licata, DataPath’s chief product officer. “Instead of developing a separate COBRA application and then bolting it on to an existing CDH platform, we built Summit from the ground up to exclusively ensure administrators could manage consumer-directed healthcare accounts and COBRA in the same cloud platform.”
Summit saves administrators time and cuts costs in many ways by enabling:
- Customizable account setup templates and wizards
- Automated reimbursements
- Flexible data exchanges
- Event-based COBRA notice generation
- Flexible loss-of-coverage options
“Summit COBRA boosts efficiency and creates a notable decrease in work for its users,” Licata said. “It is a revolutionary product. There’s nothing else like it on the market.”
DataPath launched Summit in 2014 for FSA, HRA and Transit account administration, empowering third-party administrators (TPAs) with streamlined account setup, unique broker portals, and end-to-end card and payment processing. Now with COBRA, the platform further elevates DataPath above its competitors within the benefits administration market.
John Robbins, Jr., president and CEO of DataPath, is enthusiastic. “DataPath continues to be a trailblazer, and Summit is opening up new frontiers for our clients. The anticipation for this release of a single platform without boundaries is overwhelming. Summit is truly a game changer in our industry.”
About the company: DataPath, Inc. is privately-owned software development company based in Little Rock, Arkansas. Since 1984, DataPath has been creating solutions for the administration of consumer-directed healthcare accounts, premium billing, and payments. The company is also an end-to-end card processor. Learn more about Summit.