BURLINGTON, Mass. (May 28, 2015) — HighRoads®, the industry leader in plan management and benefits compliance, today announced the release of P2 Advance, a first-of-its-kind SaaS-based enterprise product and plan management solution.
P2 Advance, the charter module of an enterprise platform rollout, combines a digital source of truth, extensibility and complex compliance document generation capabilities to help payers bring new products and plans to market quickly and compliantly.
“P2 Advance solves three critical challenges for payers – rapid rollout of products and plans through user-intuitive configuration, document generation, and the confidence that products developed and approved match plans sold and serviced,” said Michael Byers, HighRoads’ CEO and president. “With payers expanding their portfolio beyond group plans and facing steeper competition in the individual market, speed and accuracy are competitive differentiators.”
Built on a flexible, extensible new platform with an intuitive user interface, P2 Advance promotes transparent collaboration through rules-based workflow, removing the bottlenecks that impact closing new and renewal business. Speed, accuracy and compliance are standard because payers are working with codified data from a digital source of truth.
“Health care insurance organizations are facing the burden of updating many manual and legacy processes,” wrote Jennifer Mazzucca, an analyst for Gartner. “Enterprise content management is helping to ease the burden of these factors.
“With P2 Advance, product and plan configuration is leveraged across and outside the enterprise – from upstream activities like product strategy and sales to downstream processes like claims management,” said Cathy Chiang, HighRoads’ SVP, Payer Strategy. “P2 Advance has quickly redefined plan management best practice.”