VisualHCS

VisualHCS is a benefits administration management software developed by Byrne Software Technologies Inc. According to the vendor, the software is designed to assist businesses, organizations, third parties, and actuaries in efficiently managing employee benefits and pension plans, including Taft-Hartley plans and COBRA. VisualHCS is suitable for companies of all sizes, from small businesses to large enterprises. The software is commonly used by professionals in the fields of Human Resources, Benefits Administration, Actuaries, Insurance Companies, and Employee Benefits Consulting.

Key Features

Benefits Administration Management: According to the vendor, VisualHCS offers a comprehensive system for managing employee benefits and pension plans. The software ensures the security and privacy of employee data by complying with HIPAA regulations. Users can easily track and manage various types of plans, including employee benefits, pension plans, Taft-Hartley plans, and COBRA.

Customizable Plan Setup: VisualHCS allows users to easily customize their benefit plans to meet their specific needs. Users can define plan rules, eligibility criteria, contribution structures, and other parameters for accurate and consistent plan administration. The software supports flexible plan designs, including multiple options for coverage levels and contribution tiers.

Employee Self-Service Portal: According to the vendor, VisualHCS includes an intuitive self-service portal that enables employees to manage their benefits independently. Through the portal, employees can access their benefit information, view plan details, make changes during open enrollment periods, and review their contribution history. The self-service portal also facilitates claims submission, reimbursement requests, and access to important benefit-related documents.

Integrated Reporting and Analytics: VisualHCS provides robust reporting and analytics capabilities to analyze benefit plan utilization, costs, and trends. Users can generate standard or custom reports based on parameters such as plan type, employee demographics, and time periods. Real-time dashboards and visualizations are available to monitor key metrics and track the effectiveness of benefit programs.

Compliance Management: According to the vendor, VisualHCS helps businesses and organizations ensure compliance with regulatory requirements in employee benefits administration. The software incorporates built-in compliance checks and validations to prevent errors and ensure adherence to legal and industry standards. Users can generate compliance reports, including ACA reporting, to fulfill reporting obligations. VisualHCS also assists with tracking plan documents, notices, and disclosures to maintain compliance with ERISA and other applicable regulations.