Save time and increase revenue while tackling the complexities of employee benefits billing
If you’re a third party administrator, invoicing accurately and quickly can become a burden as you scale. But this process doesn’t have to be costly — or require a huge team to complete. TPA Stream’s consolidated invoicing feature takes all the stress out of the operation. This software streamlines invoicing and simplifies claims data collection, which reduces manual work and errors. It also allows brokers to leverage efficiency to sell and advise on employee benefits more effectively. It’s never been easier to do more with less.
TPA Stream’s consolidated invoicing feature integrates directly with your benefits administration system, pulls all necessary counts and data, applies any recurring one-time fees, and generates detailed invoicing to share in a secure and white-labeled employer portal for prompt payment. Now, you can easily apply bundled rates, one-time fees, divisions, and commission payments. Learn more about our automated benefits administration software below or reach out to our team for a demo.
How It Works
Integrates directly with your system
Our team can help you implement this TPA claims software in just a few weeks. Securely get participant details, premiums, plan information, and more for any category.
Applies your fees
Bill for one-time fees, recurring charges, bundles, divisions, and more. Easily accommodate any fee scenario and commission structure.
Generates and sends a detailed invoice in minutes
It takes just a few clicks to generate and send invoices on any cadence — monthly, quarterly, annually, in advance, or in arrears. Smart adjustments help you capture more revenue.
Streamlines payments with accounting integrations and ACH
Integrates with leading accounting software to streamline bookkeeping and payments. Optional NACHA file automates your ACH process.
Check out the interactive demo to see consolidated invoicing in action.
Reduce account servicing time and get paid faster.
Brandable Employer and Broker Portal
Employers have direct, on-demand access to previous invoices. Brokers can view detailed commission statements. All invoices, statements, and portals feature your branding.
Monitor if the invoice has been opened and reviewed. Optionally, view payment status when you integrate your accounting software.
Our consolidated invoicing software allows for optional NACHA and payment transactions that eliminate the need for manual ACH file creation.
Generate accurate, consolidated invoices in minutes.
Scalable Recurring Fees
Bill for one-time fees, recurring charges, bundled fees, divisions, and more. Intuitive and user-friendly and smartly scalable for the most complex fee structures you (or your broker) can dream up.
Our software captures any member or plan changes and automatically applies them to your next invoice. Before sending your invoices, preview them in your dashboard.
View invoices, contracts, recurring fees, or commission reports in one place.
This TPA claims software allows you to easily work asynchronously as a team.
Supported Benefit Categories
Integrate with your benefits administration software and accounting software to simplify your entire billing workflow. Our most popular integrations include:
Chances are we can build an integration for the administration software you have. We have nearly a decade of experience doing so for some of the country’s leading TPAs.
Explore The Impact of Automated Claims Data
“TPA Stream has allowed us to become more profitable. We’ve automated so much that we can now allocate time and resources elsewhere to grow more and scale up.”
– Ross Honig, OCA’s Senior Vice President of Business Development
Complete this quick form to learn more about consolidated invoicing.
Frequently Asked Questions
Do I need to download TPA Stream?
TPA Stream is a web-based application. You do not need to download any software to use TPA Stream.
How do you keep information secure?
We are HIPAA compliant and SOC II Type 2 certified. You can learn more on our Security page here.
What software do you integrate with?
We’ve built direct integrations with WEX and Alegeus for both CDH and COBRA. We can integrate and consume invoice data from any benefits platform. We have accounting integrations with Quickbooks Online, Quickbooks Desktop, Netsuite, Sage Inacct, and more.
Can the invoices be downloaded?
Yes, invoices can be downloaded by you or your clients from the secure portal in PDF or CSV format.
Can I upgrade my plan later?
We work with our clients to establish a plan that fits As you grow, we can scale to meet the needs of your business with additional functionality based on your needs.
How do I get started?
We work with you to import all your fees and configure your settings based on what you bill for, your vendors, and your invoicing preferences.
Can I send invoices to multiple contacts?
Yes, we call this divisional billing (or bill by division). Often you might need to send invoices to multiple departments or state-level contacts depending on how the organization is structured. We support all that.
Can I use your software to manage broker commissions?
Yes, TPA Stream can manage broker commissions for any benefit type.
Can multiple billing users use Consolidated Invoicing?
Yes, Consolidated Invoicing is designed for both individuals and teams. You and your team can work asynchronously.
What type of benefits do you support?
The consolidated invoicing module can support any type of benefit including CDH, COBRA, benefits (medical, vision, dental), transit/commuter benefits, cafeteria plans and more.
How do I learn more?
Schedule a call with us and let’s get to know your needs.