stacked-rocks

Achieve Perfect Balance

2021

Certifi Year in Review

 

 

HubSpot Video

A message from our CEO, Jay Belschner.

2021 At-a-Glance

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18% increase

Financial Transactions Processed

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Nearly $1 Billion in Premiums Processed

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15th Fastest-Growing Private Company in the Twin Cities Metro Area

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Over 14,000 plans under administration

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More than 70,000 financial transactions

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More than 550 carriers receiving monthly remittance advice

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55% increase in invoices created

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Private Health Insurance Exchange

Our oldest client, we help this exchange process over 1 million monthly billing transactions for more than 1300 employer groups. The highly complex environment includes nearly 3000 plans for close to 100 insurance carriers.

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State Medicaid

We've helped this state Medicaid agency achieve the lowest premium loss rate among Medicaid premium billing waiver states. We introduced the state to features like electronic invoicing, online payment and a comprehensive retail cash payment network throughout the US.

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Multi-Line Carrier Exchange

We've helped one of the largest global voluntary benefit companies bill more than $30 million monthly for more than 4400 groups.

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Benefits Administrator

We serve as the billing and payment solution for retirees, COBRA and Medicare for this subsidiary of one of the largest healthcare organizations in the US.

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Medicare Advantage Health Plan

One of our newest clients, this health plan is looking to expand their Medicare Advantage footprint and needed a billing solution built for scale.

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Voluntary Employees’ Beneficiary Association

We help a non-profit voluntary employees’ beneficiary association bill nearly 190,000 employees and their families for medical, vision, dental STD and LTD.

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Benefits Administrator

We provide white-labeled billing and payment solutions for a benefits platform with more than 150,000 employers.

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State University System

We deliver group billing as well as individual billing for active employees, retirees and surviving dependents for a prominent state university system.

Our Team

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21%

Increase in Employee Headcount

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59

Hats Won During Friday Games

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0%

Employee Churn

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Five Star

Glassdoor Rating

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~40,000

Virtual Meetings Attended

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272

Jokes Told at All-Staff Meetings

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5

Where in the World is Kevin Games Played

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3,567

Wiki Pages Created or Updated

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4,536

Project Management Items Modified

Awards and Certifications

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With three-year revenue growth exceeding 300%, Certifi placed in the top third of the 2021 Inc. 5000 list of the fastest-growing private US companies. We landed as the 15th fastest-growing company in the Twin Cities metro region.

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We were named a finalist for the Minnesota Technology Association‘s 2021 Tekne Awards in the AI/Machine Learning category. It marks the second consecutive year Certifi has been nominated for a Tekne Award, having been named a finalist in the Financial Services category a year ago.

r3-certification

Our Premium Billing and Collections Module (PBC)for state Medicaid successfully achieved R3 certification under the requirements of the Medicaid Enterprise Certification Toolkit (MECT). The certification is the first of its kind for a Medicaid PBC.

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Our documented security protocols and operations were reviewed by a CPA firm and found to be effective and operated within a specific timeframe in accordance with SOC 2 Type 2 criteria.

William Enhancements

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New Payment Matching AI

Unique, AI-based payment matching suggests where to apply payments based on available information, enabling 4X efficiency gain.

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Expanded Payment Vendor Options

Customers can choose from multiple payment vendors based on their needs.