Medical Plan Audit
Your Solution to Reduce Claim Errors.
Third party administrators and pharmacy benefit managers may inadvertently pay providers incorrectly for a number of reasons, from paying claims multiple times to paying providers more than the contracted rate. Incorrectly paid claims are a huge financial and administrative burden that can be largely avoided. In Medicare alone, $60 billion is lost annually to fraud, waste, abuse, and improper payments.
If your company is self-insured, it’s critically important that every healthcare dollar you spend is for a legitimate expense. An HMS Medical Plan Audit is the key. It takes a comprehensive look at your plan, plan benefits, and payments to ensure they are correct and appropriate. We identify root causes and provide insight to prevent future errors.
Our Medical Plan Audit can review 100% of your paid medical, pharmacy, dental, vision, and mental health claims to reveal inconsistencies and identify overpayments.
- A more efficient health plan
- Legal compliance
- Potential cash recoveries
- Elimination of systemic spending problems
An HMS Medical Plan Audit shows that you are fulfilling your obligations under the Employee Retirement Income Security Act (ERISA). It ensures your company’s plan is operating as efficiently as possible. Both the detailed audit report and our recommendations will improve your plan’s compliance and performance. They can help refine internal policies and procedures, leading to systemic improvements and ultimately more savings. We provide independent oversight of the carrier’s recovery efforts for up to six months after the completion of the audit.
The Medical Plan Audit is part of our commitment to give you the broadest range of cost containment services in healthcare so you can keep improving your performance. Let us go to work for you.
Contact HMS today to get your health plan under control through a Medical Plan Audit.