Payroll Service Providers
COBRA & HIPAA Compliance Administration
The Current State Of Affairs
Are we losing ground to the national payroll providers?
National and large regional payroll service providers recognize that their existing and new clients represent a vast pool of new revenue opportunities and are moving quickly to capture this highly profitable business. Market leaders like CBIZ (www.cbiz.com), Ceridian (www.ceridian.com) and ADP (www.adp.com) are acquiring companies who provide a broad array of services, including COBRA and HIPAA compliance administration services.
We hear from independent payroll providers across the country that they are encountering prospective clients who demand a broader portfolio of services, far beyond the normal payroll services that are their core competencies. To continue to be a competitive force in their markets, these independent companies have to make tough choices; only work with those employers who don’t want or need an enhanced portfolio of service offerings or invest heavily to develop a world class COBRA and HIPAA compliance unit internally.
One thing is for certain, the landscape is changing and the billion dollar companies are driving this reality.
The Challenge
What does it take to develop a world class COBRA and HIPAA compliance unit?
A lot of the skills and core competencies that has made the payroll provider successful are transferable to the internal COBRA administration unit. For instance, commitments to continuing education, professional and responsive customer service and in depth knowledge about the client’s payroll requirements are key ingredients to successfully managing an internal COBRA administration unit.
In addition to these base line strengths, additional resources will need to be acquired to develop a world-class administration unit for your employer clients. The question at this point then becomes, can we build an administration unit quickly, economically and profitably? The short answer is yes, if you partner with COBRApoint.
The Solution
COBRApoint has developed BUSINESS IN A BOX solutions for the payroll administration community
The Benefit
Simultaneously level the field and generate additional source of revenues
The Technology
The power of an effective application service provider
About the Company
COCO Development, LLC
COCO Development, LLC, provides cutting-edge, business-to-business solutions that facilitate and streamline the complex tasks of managing human resource functions. All COOC Development solutions are accessible in an Application Service Provider environment. Employer customers may access tier-1 technology solutions without significant capital investments or computiong infrastructure reconfiguration
Founded in 2003, COCO Development is being recognized as a leader in innovative HR compliance process applications. Every member of the development and management team has amassed in depth technical and practical knowledge about COBRA compliance administration and instills every facet of COBRApoint with this collective knowledge. For more information, visit www.cobrapoint.com.