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Allay

Name: Allay
Rating: 4.5 (2 reviews)

By Allay

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Highlights : About Allay

Self-funded health plan modeling

Plan/rate data spreadsheet download

Real-time modeling

About Allay

Allay is a web-based solution that helps consultants and advisors quote and model self-finance health plans in real-time. The software aims to help users analyze expected claims, determine whether a group should transition into self-funded programs, and provide self-funded groups with advice on how to lower costs and improve their plan. Allay allows advisors to customize components of self-financed health programs, including third-party administrators (TPAs), networks, plan design, and stop-loss variables. Multiple strategies can be modeled and compared, allowing users to visualize the impacts of reference-based pricing, concierge medicine services, Rx sourcing, and direct primary healthcare. Allay also manages stop loss quotes, providing users with competitive contract terms and rates from carriers. Allay provides services in areas such as health insurance cost, employee benefits, health insurance premiums, group insurance, and level-funded or self-funded premium insurance solutions. Custom components offered can help reduce claims and predict the cost of expected claims. The software also assists enterprises with employee education by extending member education material.

Specifications

24/7 Support

Yes

Business Size

Mid-Market

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Claims tracking

Cost breakdowns

Cost savings estimates

HIPAA compliant

Model comparisons

Plan/rate data spreadsheet download

Preview functionality

Real-time modeling

Self-funded health plan modeling

Stop-loss quotes

Benefits

Allay allows users to analyze expected claims of a group to decide whether it should move to self-funding or not.

Users can add custom components to existing plans to see how that may change expected claims, such as concierge medicine, direct primary care, and reference-based quotes.

Allay enables users to model self-funding strategies into traditional, captive, or level funding, match plans, and comprehend risks.

Allay allows individuals to obtain rates and contracts through stop loss quotes and carriers.

Users can add custom fields to plans to predict the cost of expected claims and manage existing claims.

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