Cleveland-based insurtech software company TPA Stream develops software for third-party administrators (TPAs) and health insurance brokers to streamline daily manual processes. Its newest technology, TPA Stream Connect, provides developers with access to claims data from multiple sources and formats.
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TPA Stream focuses on building software solutions to provide unprecedented access to claims data and automate labor-intensive workflows. TPA Connect affords businesses and downstream web and mobile application developers to seamlessly embed the technology into existing applications using TPA claim webhooks and REST API.
“Building new products in the health insurance space is incredibly difficult. There are hundreds of insurance carriers with proprietary formats not looking to set up claim feeds for smaller employer groups or individual access use cases,” said Steve Fuhry, Chief Technology Officer at TPA Stream. “We built TPA Stream Connect to make it easier for developers to integrate health insurance data into their mobile and web apps.”
TPA Stream recently integrated TPA Connect into the new Alegeus Smart Account App. Alegeus is the leader in account administration for pre-tax healthcare accounts. Their new Smart Account App combines health and wealth resources into a single, intuitive experience and provides consumers personalized, data-driven guidance to take the guesswork out of healthcare spending and savings decisions. “TPA Connect eliminates the complexities of integrating claims data into the Alegeus Smart Account platform, giving consumers and benefits administrators alike easy access to health insurance claims,” said Chris Rodkey, VP of Product Strategy and Innovation at Alegeus. “Access to this claims data not only lowers costs for administrators by simplifying adjudication and claims processing but also helps our Smart Account consumer product evaluate consumer spend and make personalized recommendations for future savings opportunities.”
