Dallas, TX / November 11, 2009 – More than 75 healthcare organizations have selected HRAdvance’s Plan-Smart for Dependent Eligibility Audit over the past 30 months.
“The key driver has been the preservation of healthcare employee’ benefits enabled by Dependent Eligibility Audit project savings,” said Craig Firestone, founder and president of HRAdvance Enterprises, LLC.
Notable signings include Trinity Mother Frances Hospitals, Scott & White, St. Joseph Health System, MetroHealth, Aptium Oncology, and others.
HRAdvance’s experience with healthcare and hospital organizations, coupled with the Plan-Smart platform, has insured timely return on investment with the overall process being managed professionally at both the individual and employer level.
The Plan-Smart platform includes reporting, employer communication tools, and dashboards that provide real-time access to results and workflow progress to HR and benefit professionals and produce great value for executives.
HRAdvance’s book of business includes more than 170 dependent eligibility audit clients representing 1,700,000 employees.
HRAdvance’s healthcare expertise spans hospitals, healthcare payers and providers, and physician practice management groups representing more than 480,000 employees.
To date, HRAdvance’s healthcare clients have aggregate first year cost savings in excess of $64,000,000 through Plan-Smart audits. HRAdvance’s ineligible rates for health care clients average 11.23% and first year cost savings average $1,150,000 for a 1,394% dependent eligibility audit ROI.
“We have seen a growing number of healthcare organizations evaluate and migrate their existing in-house process to a comprehensive and fully automated technology-enabled audit that ensures compliance, mitigates risks, effectively manages the overall process and promises timely results,” said Craig Firestone, founder and president of HRAdvance Enterprises, LLC.
“Our success with healthcare organizations is a direct result of professionals realizing the value of a comprehensive ongoing dependent eligibility solution,” added Firestone. “Because the Plan-Smart platform can scale to address the entire eligibility lifecycle, our clients are insured initial and ongoing protection via our gatekeeper solution. This makes the Plan-Smart platform not only cost-effective but a comprehensive solution. These enhanced internal controls allow healthcare organizations to reduce costs and realize administrative efficiencies.”
HRAdvance’s client base has expanded tremendously in recent years, a direct result of the company’s commitment to providing the industry’s only fully automated technology-enabled audit solution. HRAdvance also boasts best-in-class customer service ratings in the industry and regularly publishes its dependent eligibility audit results and service levels.
HRAdvance was founded in 2004 with a narrow mission in mind: to provide HR and benefits professionals with best-of-breed hosted solutions that can be deployed without capital expenditure or IT dependency. Its guiding principle is that employees are the most valuable asset of virtually every organization.
The company’s core competency is its Plan-Smart and Plan-Guard dependent eligibility audit and verification services. With more than 165 clients that range in size from 500 to more than 100,000 employee lives, HRAdvance is the best in class dependent eligibility audit solution. Its management competencies and healthcare focus reflect over 150 years of combined experience in developing automated human resource, benefits, administrative and financial solutions for government, public and private organizations. Visit www.hradvance.com to learn more.
Braddon White, 214-965-5809
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This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company