Massachusetts-based Fallon Community Health Plan (FCHP) has selected SS&C Technologies to manage and provide back office functions for its insurance investment operations.

Fallon Community Health Plan is a non-for-profit health care services organization that offers affordable, comprehensive health insurance products and services for Massachusetts small and large businesses.

SS&C’s institutional Software-as-a-Service (SaaS) and Business Process Outsourcing (BPO) service, SS&C Direct, will help FCHP automate its insurance investment operations and, as part of the arrangement, will reprocess all of the FCHP’s 2010 activity and file their annual Schedule D.

FCHP controller Nick Thompson said that SS&C distinguished themselves with their understanding of our business and their transition capabilities.

"By partnering with SS&C, we are confident that these critical accounting and reporting services will support the achievement of our goals," Thompson said.

SS&C Technologies Holdings chairman and CEO Bill Stone said that the growing requirements of regional health plans like FCHP necessitate automation, transparency and service quality.