NEWPORT BEACH, CA, March 15, 2012 —Senior Leaders in the Benefits Administration field from Private and Public sector, from all over the country came together to discuss critical issues faced by employers and plan sponsors at Secova’s fourth annual Secova Advisory Council. Secova, a leading provider of HR and Benefits Administration Services hosted this conference at The Queen Mary hotel in Long Beach, California. Attendees included HR leaders from Fortune 500 companies, State & Public entities, Multi employer unions and large Private firms with operations throughout the United States. Representing industry segments from media, consulting, insurance, manufacturing, and hospitality to name a few, the participants interacted on the pressing benefit administration issues of today. Together they provided each other and Secova with valuable insights on what they saw as issues that will be most critical to the benefits world in the next few years, namely preventing fraud and waste, Healthcare Reform compliance, educating participant populations regarding voluntary benefits, and identifying modes of cost containment including Dependent eligibility verification and ongoing management.
The two day event began on Feb 27, 2012, encompassing ardent roundtable discussions of current and future Benefits Administration projects initiated by CEOs, Vice Presidents, and Benefit Managers. The sessions covered had the following titles:
• Healthcare Reform Compliance- The Impact of the Loss of Grandfathered Status
• Dependent Eligibility Audits as a Cost Containment Strategy
• Ensuring your Vendors are preparing for HIPAA Version 5010/ICD-10 compliance
• How does voluntary coverage impact our roles and responsibilities as employer, carrier, and employee?
• Subscriber-centric benefits administration platforms
• The current state of Consumer Driven Health Plans and Wellness programs
The attendees, all within their own context, found common ground with the need to ensure continued improvement in their employee value proposition. Beyond cost containment, attendees found they also shared a pressing need to find solutions to address compliance concerns surrounding fraud & waste.
About Secova:
Secova provides customized solutions for the administration of employee benefits and human resources, resulting in more efficient HR operations, increased data visibility, and comprehensive auditing capabilities. The Secova solution offers 24×7 Health & Welfare services without requiring our clients to choose between quality and breadth. We accomplish this through our unique operating philosophy of “Audit, Implement and Manage” by leveraging our 3 P’s: People, Process, and Platform. Founded in 1989 and headquartered in Newport Beach, California, we are dedicated to assisting organizations control costs and improve their value proposition by delivering excellent Health and Welfare services to their employees.
The Secova solution whether dealing with large clients or otherwise centers around its unique ability to bring together the objective and subjective elements of high tech and high touch to provide the perfect fit for the client both as an employer and an employee.
Secova is headquartered in Newport Beach, CA. For more information, please visit the company’s website at www.secova.com.