healthaxis

The role of a third-party administrator (TPA) has never been more complex—or more critical. The global insurance third-party administrator market size was valued at $324.9 billion in 2022 and is projected to reach $795.1 billion by 2032¹. This expansion is fueled by the rising demand for specialized services, the increasing complexity of insurance regulations, and the ongoing need for greater operational efficiency and transparency within the industry. 

HealthAxis, a leader in healthcare administration technology solutions and business process operations, is proud to announce the appointment of Norah Brennan as Vice President of Product Management. With over 20 years of experience working with health plans across the country, Norah’s leadership will play a pivotal role in driving transformation, market expansion, and client success. 

As healthcare payers and third-party administrators (TPAs) gear up for the open enrollment period (OEP) and annual enrollment period (AEP), ensuring a smooth and successful process is paramount. With increased volumes of inquiries, transactions, and member interactions, preparation is crucial.

In an era of paramount digital transformation, the Trusted Exchange Framework and Common Agreement (TEFCA) emerges as a pivotal beacon for healthcare payers. Established by the 21st Century Cures Act, TEFCA aims to create a standardized methodology for health information exchange across disparate networks.

In an era where technological advancement intersects with critical healthcare needs, standing still is not an option for health plans. The challenge today goes beyond merely adapting; it’s about actively reshaping the way health operations function. From the intricate layers of commercial plans to the nuanced demands of Medicare, Medicaid, and PACE programs, the quest for operational excellence is relentless.