|
advertisement
|
|
|
|
| Healthcare IT and Biotechnology News Release |
| News Home :: Healthcare IT and Biotechnology News Releases :: More News Releases on this day |
| Date of Publication: Monday, September 10, 2007 |
VHA Georgia and Lockton Companies Select HRAdvance ’s Plan-Smart™ Dependent Eligibility Verification Services |
| Innovative partnership results in the selection of HRAdvance as the dependent eligibility audit provider for entire region. |
Dallas, TX -- HRAdvance, a leading provider of dependent eligibility verification services, today announced their selection as the dependent eligibility audit provider for VHA Georgia, Inc. hospitals.
The selection of HRAdvance came about as a result of an innovative partnership between VHA Georgia, Inc. and Lockton Companies, a firm focused on managing risk and f ormulating employee benefit programs that attract and retain top talent. VHA Georgia, Inc. is the first region of the VHA system to implement dependent eligibility audits, continuing the growing trend of corporate health plan saving initiatives. Lockto n was tasked to find a best-in-class vendor to provide a cost-effective group purchasing initiative for dependent eligibility audits. Their due diligence led them to HRAdvance, a provider that offers transparent web technologies to monitor every aspect of the audits and verification process.
“HRAdvance’s Plan-Smart™ Dependent Eligibility Audit shows how a traditional employee-friendly enrol lment process can be enhanced to reduce costs,” said Wayne K. Soud, Executive Vice President for Lockton Companies. “Large and medium-sized employers shouldn’t hesitate to address this risk given the likely savings that will result. An employee-supportive process, like the one HRAdvance offers, will improve employees’ understanding of how the health plan works, and everyone agrees that educated employees make for more effective and efficient consumers in the health care marketp lace. This is the kind of value-added program we at Lockton bring to our clients.”
For VHA Georgia, Inc., selecting HRAdvance is an innovative and proactive measure taken to save their member health care organizations money and enhance ERISA compliance.
“Employee benefits remain a major cost component in all our member health care organizations. VHA Georgia is a leader in the effort to contain health care costs on all fronts, which means we need to manage our benefit plans in a fiscally responsib le manner,” said Mike White, FACHE, Vice President of Business Development and Operations for VHA Georgia, Inc. “We have leveraged our collaborative strengths to procure the best in dependent verification services from the industry leader – at a lower cost. That’s how we deliver on our promise to member health care organizations; we help them meet the needs of their respectiv e communities in a more cost-effective manner.”
HRAdvance’s proven results show how a Plan-Smart™ Dependent Eligibility Audit can be the catalyst to invest employees in the fiscal well being of their corporate health plan(s).
“There is no doubt surrounding how desirable employer-sponsored health benefits can be in today’s competitive labor market,” said Craig Firestone, CEO of HRAdvance. “The selection of HRAdvance’s dependent verification servi ces shows the commitment VHA Georgia has in maintaining and expanding benefit plans, and will prove to be the driving force in attracting the very best professionals to their health care organizations.”
|
|
| Other News Items Published on the Monday, September 10, 2007 |
|
|