HR Best Practices

Containing Health costs through Data Mining

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For Employers

Are you happy with your current and projected healthcare costs?

While healthcare benefits are great attraction and retention tools, healthcare costs continue to put pressure on earnings. Employers can no longer afford to accept these costs without performing a 100% data-driven audit. For every dollar recaptured or contained, nearly $20 in revenue needs to be generated. Savings generated from our audits can be used to fund other initiatives, such as wellness, CDHP, disease management, HRMS or outsourcing.

Our proven methodology and technology resonates with management in all areas including:

  • HR – Our solutions provide knowledge and assurance
  • Benefits – Our solutions provide due diligence depth and require minor client involvement
  • Finance – Our solutions often result in recoveries and material savings and yield a compelling ROI
  • Internal Audit – Our solutions provide independent governance and meet Sarbanes-Oxley standards
  • Information Technology – Our relational database and web technologies are secure and proven
  • Board Members – Our solutions solve business problems and produce actionable results.

As pricing transparency becomes increasingly important, only data-driven solutions will meet management’s requirements.

Moreover, we are 100% privately owned and do not have alliances with health plan payors, TPAs or carriers. To that end, we do not receive commissions from these entities.

With HR Best Practices, employers no longer have to accept non-actionable results from statistical audits.

 
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NEWSFLASH:  Subrogation specialists “estimate that between 1% and 3% of health-care spending is potentially recoverable to the health plan.” Wall Street Journal, November 20, 2007 Read More (subscription required) - Learn More about Subrogation


Customer Quote

AVP HR (publicly traded retailer)
“We have saved at least $200,000 a year – you find things that really add up. Our health plan was being used as the primary payer for several of the company’s Medicare-eligible employees. The audit also uncovered a costly weakness in plan redesign. Terminated employees were running up significant claims before their coverage expired.”