Smart Employee Benefits Inc. (“SEB”) is listed on the TSXV under the symbol (“SEB”). SEB is a technology company providing software, solutions and services specializing in managing “group benefit solutions and healthcare claims processing” environments for corporate and government clients. This is a $56.0 billion industry, of which over $33.0 billion is employee group benefit plans and over $23.0 billion of other healthcare benefit claims (eg: workers compensation claims, travel benefits, various federal and provincial government programs, dental associations, drug associations, etc.)
SEB has two divisions. In the first division, SEB operates as a licensed Third Party Administrator (“TPA”) and Insurance Broker utilizing its fully integrated administration – adjudication – claims paying – reporting software platform to provide “totally hosted PCI compliant modular solutions” for managing either portions or all of the complete group benefits business processes between Insurers, clients, brokers, consultants, technology service providers and healthcare service providers.
The second division focuses on healthcare claims processing. SEB, with its various partners, operates as a systems integrator utilizing its technology platform together with other technologies to provide customized solutions for highly specialized claims processing environments. The technology and expertise deployed in this area also allows SEB to provide other related supply chain, systems integration and human resource solutions and services to the same clients.