At Nova, we apply a customized approach to all facets related to health care plan administration. From exceptional customer and client service to tailored cost management strategies designed to reduce our clients’ immediate and long-term medical spend, we recommend solutions to suit our clients’ unique needs to ensure optimal plan performance.
Our Offerings Include:
Health Plan Administration
Clients receive customized plan recommendations designed to meet their particular needs. With the right benefits and cost management strategies, employers can take control of their health care spend. In addition to self-funded medical plan administration Nova also offers:
- Dental (self-funded and fully insured)
- Vision (self-funded and fully insured)
Reimbursement Account Administration
While many TPAs promise savings, we understand the most dramatic impact is often associated with reducing an employer’s medical spend. Many employers manage their medical spend by offering a high deductible health plan (HDHP/CDHP) with an accompanying reimbursement account.
Account options include:
- Health Reimbursement (HRA)
- Health Savings (HSA)
- Flexible Spending (FSA)
These plans can assist you with expenses such as:
- Medical, Dental, and Vision Care
- Dependent Care
- Transportation (QTA)
Stop Loss Management and Administration
Nova partners with some of the industry’s leading stop-loss providers to offer underwriting services. Nova manages reporting for specific and aggregate stop loss policies including filing claims for reimbursement or advance funding, when applicable. We also offer the flexibility to serve as the stop loss broker of record or provide reporting to a stop loss broker of record you designate.
Nova has a variety of network partners with best-in-class preferred provider organizations (PPOs) to provide the right coverage at great rates. Nova’s network solutions analyst can recommend the best network strategy for any organization – no matter where you are. We also work with employers to help promote in-network savings through our online network directories, which make it easy to identify conveniently located participating providers.
Integrated Medical Management Programs
Nova’s integrated medical management programs work to educate and manage individual needs on an ongoing basis. Providing quality care and resources helps control known risk factors that, gone unmanaged, could drive up costs. This unique, proactive approach provides a concentrated, specialized effort to enhance employee health and well-being, while reducing medical spend.
- Utilization Management
- Case Management
- Disease Management
- Wellness Programs
Comprehensive Reporting for Informed Decision Making
By delivering comprehensive and transparent utilization data, Nova enables employers to make informed decisions and maximize savings opportunities. Our action-based reporting provides information clients need to drive optimal plan performance.
Business Processing Outsourcing/Back Office Administration
Nova specializes in employee benefit administration with a strong emphasis on exceptional service. Nova has the flexibility to private-label your HMO, ACO, or Medical Management. Leveraging our expertise gives you time to focus on your clients.