Health Insurance
Transform the way you manage expenses with our patented AI technology and industry-leading consultants
Overview
After receiving an initial data set including an overview of benefits offered, and a brief questionnaire, we communicated with the providers and administrators to obtain additional data.
In addition to the application of proprietary knowledge and methods, the following bullet points outline some of the steps performed throughout the detailed audit process:
In addition to the application of proprietary knowledge and methods, the following bullet points outline some of the steps performed throughout the detailed audit process:
- Complete analysis of benefits to employees, as well as costs to both the employer and employees
- Determination of excess cost of services for administration, based on similar plans for like-type services as compared to industry peer group
- Elimination of exposure, liability and cost, based on identification of ineligible dependent coverage
Our Process
Consult
Access 16 cost-saving solutions spanning 4 subcategories (Utilities, Contract Services, Financial Services, and Commercial Real Estate). There is often one, or more, areas in which we can aid our clients.
Audit
Cost Savings deploys proprietary knowledge, methods, and superior technology to thoroughly analyze invoices and services for errors, anomalies, and inefficiency in billing. Clients can login to track the progress of each audit, at each location, in “real time” using our Client Portal.
Advise
An interim report of findings can be downloaded at any time during the audit process through your CostSavings360™ Dashboard. A formal report of our audit recommendations is provided by Cost Savings on every audit project.
Deliver
Where some audit firms simply make recommendations, Cost Savings will assist you to implement the cost savings and obtain the refunds that we identify. We will act as your project lead, completing paperwork and compiling claim documents for your review that are required to realize the benefit of what we propose.
Achieve
As a contingency-based service we only invoice for cost savings and refunds if, and after, the client realizes them.
Visually Track Your Cost Savings
With Our Proprietary Client Portal
Visually Track Your Cost Savings With Our Proprietary Client Portal
View makes it easy to effectively assess your audit in real time, view detailed savings and analysis reports, approve/ decline recommendations and communicate with your live auditor.
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Services You Can Trust
At Cost Savings, we are passionate about serving our clients, increasing operating efficiency and cutting costs. We treat each client the same to identify cost saving opportunities, and provide the absolute best solutions.
