COCONUT CREEK, Fla., Dec. 19, 2013 /PRNewswire/ -- VUE Software®, the leading provider of distribution and producer management solutions for the insurance industry announced today that Blue Cross and Blue Shield of Vermont (BCBSVT) has gone live with VUE Software's latest version of VUE Distribution Management Suite to update their technology systems and meet new demands of financial reporting requirements for PPACA.
Blue Cross and Blue Shield of Vermont is the state's oldest and largest private health insurer providing coverage for about 180,000 Vermonters, and a long-standing client of VUE Software. BCBSVT selected VUE Software and went live in 2008 with a licensed version of VUE Producer Management, VUE Producer Compensation, and VUE Benefit Summary Tool solutions. In order to automate the 2011 PPACA reporting requirements for reporting medical loss ratio (MLR) by market type they chose to upgrade to the newest and more robust VUE platform that included the functionality necessary to calculate and report commission payments by market type. BCBSVT chose to upgrade to the latest VUE platform in order to take advantage of the web based technology, integration with the ancillary VUE systems (Benefit Summary Tool) and a more user friendly interface for maintaining broker license, payments, and commission schedules. The new version provides increased flexibility and improved SmartVUE tools, document management, workflow and rules engines, along with a robust integration management. BCBSVT no longer has to manually calculate the inputs for medical loss ratio by market type in accordance with the new guidelines for PPACA.
"BCBSVT has been using VUE Software's solutions since 2008 including VUE Benefit Summary Tool. They trust VUE Software because of our domain expertise and hands-on approach to service. The transition was easy since we basically speak the same language", said Rajasekhar Jarubula, Implementation Manager for VUE Software.
VUE Software's platform was able to tie everything together needed for BCBSVT to effectively reach their business goals with one thing in mind: to satisfy their customers' needs and assist in promoting success. Ellen Yakubik, Chief Marketing Officer, says: "BCBSVT has been a long-time VUE customer when we implemented our initial VUE Commission application to automate the organization's broker commission and maintenance process. Since that time, VUE Software has supported our changing business needs to ensure that commissions are calculated, reported and paid accurately to our broker community. This new version of VUE Compensation Management enables us to fully support PPACA reporting, while streamlining the broker maintenance and commission processing activity on the latest version of SQL and web server technology. VUE's support staff continues to be an extension of our internal staff that we rely on often to assist with solutions to our changing business needs."
About Blue Cross Blue Shield of Vermont
Blue Cross and Blue Shield of Vermont is the state's only Vermont-based health insurer and is the largest private health plan in Vermont. The non-profit company employs more than 340 people and provides health care benefits for about 200,000 Vermonters. The company offers benefits and services to virtually all Vermont populations through its array of products and through its partner companies, The Vermont Health Plan (TVHP) and Comprehensive Benefits Administrators. More information about Blue Cross and Blue Shield of Vermont is available on the Internet at www.bcbsvt.com. Blue Cross and Blue Shield of Vermont is an independent corporation operating under a license with the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans.
About VUE Software(®)
VUE Software is a leading provider of distribution, incentive compensation and sales performance management suites. Backed by over 20 years of insurance experience, VUE Software solutions are built for the insurance industry to meet the unique needs of the life, health, property and casualty, distribution and non-carrier verticals. VUE Software is a doing-business-as (DBA) name of Computer Solutions and Software International, LLC (CSSI). For more information about VUE Software, please call 1.877.488.3763 or visit www.vuesoftware.com.
VUE Software is a registered trademark of Computer Solutions and Software International, LLC. All other registered trademarks or service marks belong to their respective companies.
SOURCE VUE Software