FOR IMMEDIATE RELEASE
Flexible maestroEDGE ACA Reporting platform ideal solution for complex UNC structure
CHICAGO—(July 14, 2016)— Maestro Health, a leading all-in employee health and benefits company, today announced the University of North Carolina (UNC) successfully leveraged the Company’s consultation and maestroEDGE ACA Reporting solution to complete its 2015 ACA reporting requirements across all campuses in advance of the June 30, 2016 filing deadline. UNC’s partnership with Maestro Health underscores the value of an integrated technology solution to meet critical compliance reporting deadlines involving data collection related to employee health benefits.
Although the IRS granted deadline extensions to help organizations meet various reporting requirements, Maestro Health worked diligently to help 100 percent of its clients achieve compliance prior to the original IRS deadlines: Form 1095-C deadline by March 31; Form 1094-C by June 30. Additionally, Maestro Health worked closely with the IRS to help redesign its transmittal technology, making it possible for all employers to transmit their forms more efficiently.
“Many employers underestimated the difficulties behind the ACA reporting requirements,” said Rob Butler, Founder and CEO, Maestro Health. “However, multiple dispersed campuses, along with a wide range of employee needs, made University of North Carolina’s situation a tough challenge that we worked to collectively overcome. Our abundant experience working in complex regulatory environments allowed us to take a hands-on approach with UNC to ensure data accuracy and timely reporting, helping the university meet filing deadlines without penalty. This lifted a huge burden off UNC’s shoulders, and in doing so, we’re proud to serve as a trusted extension of the team.”
Vendor changes mandated by the state of North Carolina in September 2015 left the University without a viable compliance solution. Under pressure to implement a new system for submitting data by the then-January 2016 ACA reporting deadline, the University needed a technology partner to support multiple data feeds from disparate HR systems while adhering to the strictest data security and privacy protocols. It also required this system to scale across numerous campuses and future sites.
Maestro Health’s consultative services, platform automation, and extensive experience with reporting and compliance guidelines were a game changer for UNC. Its 17-campus university system and single health system employs nearly 123,000 staff and faculty. Under its centralized payroll platform, just under half of these locations operated with the same systems and processes. maestroEDGE has standardized these processes through a user-friendly dashboard with detailed employee information, helping UNC manage reporting throughout the year.
“We went through a rigorous process of selecting an ACA compliance solution, and paramount to that decision was finding a solution that met the highest security standards to protect data flowing between our campus network,” said Brian Usischon, Senior Associate Vice President for Human Resource Services, UNC. “We found a true partner in Maestro Health, one that can handle high-volume requests and provide guidance for data quality assurance. We can’t say enough about Maestro Health’s expertise and ‘can-do’ approach, particularly under the time pressures to meet the reporting deadline. Opting for this solution is one of the best decisions we’ve ever made.”
With a focus on all-things data – identification, collection, conversion and code development across all payroll systems, accepting EDI from any source to ensure smooth data transfer – Maestro Health helped categorize and prepare UNC’s information to meet specific reporting deadlines. Specifically, Maestro Health supported the planning, facilitation and fulfillment of the 1095-C and 1094-C form deadlines for UNC, as well as all of its clients. It also handled the print and distribution of forms to UNC employees to streamline service.
Following the successful completion of the 2015 ACA reporting cycle, the companies will work together to file in advance of the 2016 deadline and continue to partner in years to come to adhere to compliance standards set by the IRS.
To learn more about maestroEDGE ACA Reporting solution, visit: http://www.maestrohealth.com/aca-compliance/.
About Maestro Health™
Headquartered in Chicago, IL, we are an employee health & benefits company delivering a single, comprehensive platform of personalized benefits solutions to employers, brokers and carriers. To meet the dynamic needs of the market, we’ve taken the four key components of employee health & benefits—HR Management (Benefits Administration, On-Boarding), Benefits Marketplace (Online Enrollment, Private Exchange), Benefit Accounts (HSA/FSA) and Self-Funded Insurance (Medical TPA & Care Management)—and integrated them on our all-in, tech-meets-service platform: maestroEDGE. Our partner base ranges from small employers to Fortune 1,000 organizations, to which we deliver a depth of personalized and private-labeled solutions—enabling them to customize our brand offerings to suit their needs, then brand them as their own. Visit us at www.maestrohealth.com to learn more about how we’re making employee health & benefits “people-friendly” again.