Ringmaster Technologies offers a cloud-based platform that streamlines workflow processes for the health care stop-loss industry by integrating brokers, TPAs, carriers, and PBMs into a single system. This solution reduces the time spent on stop-loss procurement by 40-50%, enhancing efficiency and minimizing administrative errors.
Funding
$13.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EPFounders
Product
Problem
The healthcare stop-loss industry relies on disparate, antiquated processes, leading to inefficiencies and errors in marketing, procurement, and administration workflows among brokers, TPAs, carriers, and PBMs. Managing policy details, client claims, and preferences across multiple systems is cumbersome and time-consuming.
Solution
Ringmaster Technologies offers a cloud-based platform that connects brokers, TPAs, carriers, and PBMs, streamlining stop-loss marketing and administration. The platform, including Quote-LinQ and Smart-LinQ, transforms bids into clear choices, facilitates seamless policy management, and centralizes oversight. Ringmaster Rx expands PBM options, matching clients to ideal plans. The system reduces time spent on stop-loss procurement and administrative overhead, while also tracking aggregate spec deductibles across both medical and RX claims.
Target Audience
The primary users are brokers, TPAs, carriers, and PBMs in the healthcare stop-loss industry seeking to streamline workflows and reduce administrative overhead.
Features
- Quote-LinQ: Transforms bids into clear choices for stop-loss quotes.
- Smart-LinQ: Streamlines policy administration and provides centralized oversight.
- Ringmaster Rx: Expands PBM options to match clients with ideal plans.
- Centralized platform for brokers, TPAs, carriers, and PBMs.
- Reduces time spent on stop-loss procurement by 40-50%.
- Tracks aggregate spec deductibles across both medical and RX claims.
- SOC 2 Type 2 certified for security.