The following are the most frequently asked questions about BenefitsAudit:
Why should I use an independent auditor?
An audit should be conducted by an independent organization that does no conflicts. A conflict of interest may include performing services for the administrator being audited or having a consulting role in the design or negotiation of benefits. HDM is focused solely on healthcare auditing and does not broker insurance coverage or prepare financial statements. No insurance company or outside company has any equity interest in HDM. HDM conducts a totally independent audit.
| What questions should I ask to evaluate auditors? |
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. Does the team actually performing the audit have experience auditing
the administrators? |
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. Is the company focused on working with employer groups? |
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. Does the company have any conflicts of Interest? (such as having the
administrator as a client, or performing financial audits or designing
your benefits. |
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. Do they review 100% of claims? |
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. Does the company provide ongoing services to manage cost, risk and
compliance? |
Confidentiality is a concern. How will you handle this?
Our work will remain highly confidential and will be performed in accordance with the highest professional standards. All employee/member identifiers will be removed from reports. As part of the Service Agreement, HDM signs a business associates agreement with you in regard to all data provided.
What type of plans do you audit?
HDM audits medical, pharmacy, dental, vision, and flexible spending account plans.
How can we obtain a proposal and quote from HDM?
The first step is to request information online or call 800.859.5119 ext 1. We will promptly send you information and a brief questionnaire. We can also provide a detailed proposal and meet with you to discuss our services.
To learn more about our cost containment solutions for self-insured employers, contact HDM today at 800.859.5119 or request information with our online form. You may also send an email to: info@HDMinc.com.
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