Highland Park, MI (PRWEB) September 3, 2010
Budco Health Service Solutions, the nation’s leading dependent eligibility verification provider, was recently recognized for successfully managing a verification process that will provide the state of New York an estimated $25 million dollars in annual savings by reducing health care expenditures.
Assemblyman Sam Hoyt, D-Buffalo, championed the state’s decision to implement Budco’s multiphase approach. “It’s an enormous savings,” said Hoyt. "At a time when we have budget deficits approaching $10 billion, identifying a $25 million [recurring] savings is great news. If I were Budco, I would be trumpeting my success to the other 49 states and, for that matter, to every school district and municipality in the country."
Budco Health Service Solutions is known for pioneering the dependent eligibility process over a decade ago. Their proprietary process assesses the eligibility of dependents enrolled by employees and retirees on health plans and removes those not eligible for coverage.
David Ernst, a spokesman for the state Civil Service Department, also acknowledged the success of the New York state initiative. "It was a worthwhile project," said Ernst. "It proved to be highly productive, and we're glad we did it."
Budco works with clients in both the public and private sector, including having performed dependent eligibility verifications for more than 45 Fortune 500 companies.
“We believe this is one of the largest, if not the largest, public sector dependent eligibility verifications ever conducted,” said Budco Executive Vice President of Health Care Initiatives Dave Chojnacki. “We are very happy to have had the opportunity to assist the state of New York through it.”
About Budco Health Service Solutions
Budco Health Service Solutions (BHSS) is the foremost provider of dependent eligibility verification audit solutions. BHSS utilizes in-house resources and leading-edge technology to consistently deliver positive client outcomes and measurable results. Having pioneered the dependent eligibility process, BHSS has helped a wide variety of Fortune 500 clients collectively save more than $2 billion dollars in health care expenditures – more than any other auditing firm presently doing business in the U.S. Budco Health Service Solutions is an operating division of Budco: The Dialogue Company. In-depth information is available at http://www.budcohealthservicesolutions.com