Complete Corporate Benefit Claims Auditing
We Pioneered the Full-Service Corporate Benefits Audit.
Providing excellent service and being a valued partner to your company involves much more than standard benefit plan auditing. It’s about understanding your plans down to a granular level, auditing them, interpreting the results, advising on improvements, and helping you with recovery. Then, over the long-term, providing you with continuous claims monitoring. At TFG Partners, our end-to-end method produces superior ROI. We’ll help you take care of your employees and improve the bottom line.
We’re well known in the industry for pioneering full-service audits of benefits plans and producing results good enough that our service is budget neutral. We find savings and help recover funds many times in excess of the cost of our fees. We also provide recommended fixes for ongoing issues to make sure your employees are getting the most service for your company’s benefit dollar. Our process is careful, thorough, and insightful — real partners to improve your benefits plan efficiency.
Our primary goals are to determine how well claims are being administered, what sorts of errors are occurring and why, what can be done to eliminate them, and how to help companies make these improvements in a timely fashion. An audit looks at the past and our continuous monitoring service looks at the present, in real-time.
An equally important goal is to help clients recover claims paid in error. Typically, we can help clients recover $20-35,000 per 1,000 employees annually. At a minimum, it translates to a budget-neutral audit, plus additional net savings in the future.
To deliver maximum value, an audit needs a fact-rich foundation that fully reflects specific plan attributes.
Output: A customized foundation for each audit we perform.
For more than 20 years, we have set the industry standard for what a benefits audit can, and should, do.
Output: Our 100-percent audit can identify all suspect claims, every error, and every error type, with accuracy that is unmatched in the industry.
Even the most accurate audits are only numbers if the results are not translated into remedial actions.
Our post-audit advisory activities and continuous monitoring service are geared toward action that will leverage your audit for maximum ROI.
|We recommend ways to
improve all aspects of claims
administration, based on audit
results and our expertise
|We’re experienced at securing
commitments to action from
Problem-solving, from contract terms to claims processing
Error detection, correction, and prevention
|Our team has years of
experience in helping clients
recover dollars lost to error
Process improvements that we help companies achieve after a benefits audit, can yield as much as one to two percent of total claims paid per year, as specific overpayment categories are pro-actively eliminated.
Output: Better administration, full control over your plan, net cost savings, and dollar recovery over and above a budget-neutral audit.
Typically, a TFG Partners corporate benefits audit requires no more than two to four non-consecutive days of our client’s time per year, per audit.
With our easy to manage, well-established audit process, your time involvement will be similar or even less than traditional sample audits.