Blume Benefits Introduction
Blume Benefits is a back-office automation platform for health insurance brokerages that streamlines tasks like quoting, commissions reconciliation, and presentation creation.
View MoreWhat is Blume Benefits
Blume Benefits is a tech-forward platform designed specifically for health insurance brokers to automate and streamline their back-office operations. Founded in 2023 by Aditya Joshi, Ethan Hou, and Varun Verma, Blume Benefits aims to address the inefficiencies in the $104 billion health insurance brokerage industry. The platform focuses on automating repetitive tasks that traditionally consume significant time and resources for brokers, allowing them to focus more on serving their clients and growing their business.
How does Blume Benefits work?
Blume Benefits integrates with over 4,000 vendors and uses AI-powered PDF parsing to automate tasks like quote comparisons, billing reconciliation, and benefit enrollment audits. The platform serves as a single system of record, allowing brokers to communicate and collaborate in a shared, cloud-based workspace. It offers features such as automated quoting, commissions reconciliation, and presentation creation. The system is designed to be user-friendly and secure, with bank-grade security measures in place to protect sensitive client data. Blume also provides white glove support, including assistance with migrating contacts, custom branding, and personalized training.
Benefits of Blume Benefits
By using Blume Benefits, insurance brokers can save an average of 9 hours per week that would otherwise be spent on manual data entry. The platform's automation capabilities lead to increased accuracy, with a reported 99.8% accuracy rate in PDF parsing, which is three times more accurate than manual entry. Brokers using Blume have seen an average 14% increase in revenue due to improved commission reconciliation. Additionally, the streamlined processes and centralized system allow brokers to work more efficiently, potentially increasing their capacity to serve more clients and grow their business.
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