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What is Transparent Health Marketplace?

THM functions as an open and transparent hub that links healthcare service providers with carriers, third-party administrators, and employers, all of whom are essential in delivering prompt and affordable care to injured workers. By utilizing innovative marketplace technologies that have transformed industries like travel and finance, THM boosts efficiency and transparency within workers’ compensation healthcare. The platform streamlines cumbersome manual processes and eliminates expensive intermediaries, leading to substantial cost savings for carriers, TPAs, and employers who engage with THM’s offerings. With a platform-as-a-service model, THM empowers payors to create a vibrant marketplace filled with high-quality healthcare providers eager to earn their business. Furthermore, healthcare providers gain access to a significant new channel for receiving referrals from key industry payors, allowing them to strategically manage pricing, optimize their resources, and enhance revenue by filling more appointment slots. This mutually beneficial arrangement not only promotes a more competitive healthcare landscape but also ensures that all stakeholders can operate more effectively and efficiently. Consequently, the overall improvement in service delivery enhances the quality of care provided to injured workers.

What is HRSoft Compensation Management?

HRSoft Compensation Management streamlines and regulates intricate compensation planning processes. Developed by HRSoft, this trustworthy and top-tier software solution is designed to help organizations eradicate spreadsheet inaccuracies while fully automating the entire compensation process for salaries, bonuses, merits, and additional benefits. With its robust platform packed with various features, it significantly decreases the time spent on complicated compensation cycles by enhancing efficiency, accuracy, and auditability. Key functionalities encompass automated worksheets and budgets, adherence to global pay standards, personalized reporting capabilities, integration with HRIS, calculations for salary merits and bonuses, and compliance with international payroll requirements, among others. This comprehensive tool not only simplifies the management of compensation but also empowers employers with the data-driven insights necessary for informed decision-making.

Media

Media

Integrations Supported

Integrations Supported

ADP Vantage HCM
ADP Workforce Now
UKG Pro
UKG Ready
Workday HCM

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Pricing is based on customer need and complexity

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Transparent Health Marketplace

Date Founded

2015

Company Location

United States

Company Website

transparenthealthmarketplace.com/platform/

Company Facts

Organization Name

HRSoft

Date Founded

1996

Company Location

United States

Company Website

www.hrsoft.com

Categories and Features

Categories and Features

Commission

Commission Calculations
Commission Scheduling
Commission Tracking
Incentive Programs
Multi-Tiered Commissions
Percentage Commissions
Sliding Scale Commissions
Split Commissions

Compensation Management

Bonus Management
Compensation Assessment
Compensation Calculation
Compensation Plan Modeling
Compensation Statements
Employee Reward Programs
Incentive Programs
Organizational Charting
Salary Planning

Employee Recognition

Goals
Leaderboards / Activity Tracking
Manager-to-Peer Recognition
Mention Management
Nominations
Peer-to-Peer Recognition
Performance Management
Rewards Catalog
Rewards Points
Social Recognition

Performance Management

360 Degree Feedback
Compensation Management
Peer Appraisals
Skills Assessments

Salary Benchmarking

Not specified

Sales Compensation

Not specified

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