We present a proof of concept for clients, involving the review of 8 to 10 invoices for free. In this specific instance, the client was a state employing 60,000 individuals. Conducted by US Beacon, this proof of concept revealed inaccuracies of 36.2% in the invoices examined, leading to a cost saving of $518,456.70 for the state from just 9 bills.
These results highlight the crucial role of precise billing and the economic advantages of an external bill review service.
The US Department of Labor states “the primary responsibility of fiduciaries is to run the plan solely in the interest of participants and beneficiaries and for the exclusive purpose of providing benefits and paying plan expenses. Fiduciaries must act prudently and must diversify the plan's investments in order to minimize the risk of large losses.”
Savings of $518,000 can put money back in the pockets of your employers.
Contact us to initiate a proof of concept. In 99% of the bills we examine, we uncover billing inaccuracies.