The vast majority of Global 2000 companies have conducted an audit, however few have realized 600% or greater ROI because of the most common mistakes
Dallas, TX (PRWEB) December 3, 2009
HRAdvance today released its latest paper titled "When Fools Rush In: The 25 Most Common Dependent Eligibility Audit Mistakes."
- The most common derailment reason: the wrong provider is chosen,
- Common communication barriers: failure to advise employees in a proactive, nurturing manner including amnesty letters,
- The fallacies of a sampling audit,
- The SLAs (Service Level Agreements) that are a "must-have", and
- How-to insure effective health plan gatekeeper controls.
"The vast majority of Global 2000 companies have conducted an audit, however few have realized 600% or greater ROI because of the most common mistakes" remarked Craig Firestone, founder and president of HRAdvance Enterprises, LLC.
What often occurs in a manual audit is that the audit team is overwhelmed by the volume of paperwork. The process gets bogged down and is sometimes abandoned.
"In 2009 more and more companies, and especially public municipalities and institutions are seeking health plan cost saving solutions," said Craig Firestone. "The first question HR and benefit professionals ask is what will the bottom-line cost savings be for my organization? And the second question is how quickly and efficiently does the ROI payback occur?"
The complimentary paper is viewable without form registration at: http://www.plan-smart.com/CommonDependentEligibilityAuditMistakes.html
HRAdvance was founded in 2004 with a narrow mission in mind: to provide HR and Benefit professionals with best-of-breed hosted solutions that can be deployed without capital expenditure or IT dependency. Our Guiding Principle: We believe that employees are the most valuable asset of virtually every organization.
Our core competency is Plan-Smart™ and Plan-Guard™ dependent eligibility audit and verification services. With more than 175 clients that range in size from 500 to more than 100,000 employee lives, HRAdvance is the best in class dependent eligibility audit solution. Our management competencies and healthcare focus reflect over 150 years combined experience in developing automated human resource, benefits, administrative and financial solutions for government, public and private organizations. Visit http://www.hradvance.com to learn more.
Braddon White, 214-965-5809
This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company