Compliance

• BenefitsAudit results in monetary recoveries, procedural changes and benchmarks to provide a basis of understanding to negotiate more favorable agreements.
• Clearly identifies coding errors, overpayments, potential fraud and plan issues that occurred during the period of the audit.
• Claims errors are connected to specific individuals and healthcare providers.
• Other-party liability issues are detected, and resolutions recommended.

Fiduciary Responsibility

• Employers can meet their fiduciary responsibility in a corporate environment that increasingly demands more oversight.
• Public corporations, Taft-Hartley plans and government entities are armed with actionable information to meet varied reporting requirements and public companies obtain the objective, third-party documentation needed to be in full compliance with Sarbanes-Oxley.

ROI

• The Audit establishes benchmarks that provide a clear path to contract changes that can lead to greater cost containment and ROI.
• BenefitsAudit requires no investment in staffing or technology. HDM does all the work.
• BenefitsAudit generally provides an ROI of 3:1 or better. Savings are realized when the audit is complete and HDM submits the final report.
• BenefitsAudit is usually budget-neutral. Cost per employee, per month can be tracked right back to plan savings.

To discuss how HDM’s cost containment solutions for self-insured employers can benefit your organization, contact HDM today at 800.859.5119 ext. 1 or e-mail your inquiry to: info@HDMinc.com.