Automated Benefits Corp.

Automated Benefits Corp.


June 07, 2012 09:00 ET

I.B.E.W. Local 402: The First to Deploy Web-Based Hour Banking Solution From Adjudicare®

TORONTO, ONTARIO--(Marketwire - June 7, 2012) - Automated Benefits Inc.® ("Adjudicare") a wholly-owned subsidiary of Automated Benefits Corp.® (TSX VENTURE:AUT) and providers of a web-based software platform that precisely adjudicates health and dental claims for a network of Employee Benefits Brokers and TPA partners across Canada, is pleased to announce that it has formed a partnership agreement with the Trustees Health & Insurance Plan for IBEW Local 402 ("IBEW Local 402"). IBEW Local 402 will implement Adjudicare's new web-based Hour Banking product to provide their union members a leading-edge solution to track their hour banking data and benefit plan eligibility.

Through an extensive collaboration process, Adjudicare worked closely with plan administrators from IBEW Local 402 to design an innovative application that leverages their more than two decades of experience, in offering multi-employer trust based benefits plans to their members.

"For years we have used an antiquated patch work of solutions to track our hour banking data. Working with Adjudicare's world-class development team has given us a tremendous opportunity to provide real-world guidance and input to build a solution designed for us with all of the features that we need," comments Glen Drewes, Business Manager, IBEW Local 402. "We believe that this important project will not only benefit our members, but it will also be a powerful tool for other Unions across the country, allowing thousands of union members to gain efficiencies from a new technology designed with them in mind."

"We are thrilled to have partnered with IBEW Local 402 to develop this new product focused on a different segment of the group benefits market," states Richard Adair, President, Adjudicare. "This collaborative effort is the beginning of a long relationship with IBEW Local 402 and together we will build more features on this new platform and continue to provide leading-edge applications to other unions and multi-employer trusts across Canada."

About Automated Benefits Corp.

Automated Benefits Corp.® (TSX VENTURE:AUT) is a progressive software company dedicated to developing applications for the insurance industry. The organization currently has two platforms: Symbility® and Adjudicare®.

Adjudicare is an advanced, practical software solution used by a network of Employee Benefits Brokers and Third Party Administrator partners across Canada in the adjudication of health and dental claims. Adjudicare's rules-based engine and leading-edge features ensure that claims are precisely adjudicated and paid in real-time, giving our partners' customers optimum flexibility, along with transparent disclosure on the benefit plan's financial performance.

Symbility Solutions provides powerful, accurate and easy-to-use, cloud-based claims processing, estimating software solutions for Property & Casualty Insurers. Our collaborative workflow management, mobile estimating, claims triage solutions and analytical services allow insurers to reduce costs while delivering a market-leading claims experience.

All trade names are the property of their respective owners.

Contact Information