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HDM offers the leading benefits audit for the self-insured employer:
HDM analysis 100% of claims data for a one to three year period to achieve thorough results.
HDM reviews claims onsite to validate errors. HDM follows Statement on Auditing Standards (SAS) Guidelines.
HDM reviews the discount arrangement the plan is entitled to through its contract. The fulfillment of the contract requirements are tested as the result of a focused review.
HDM will initiate a comprehensive onsite review at the TPA’s and PBM’s facility. The purpose is to audit the control environment and processes. HDM will determine if errors or irregularities have occurred or the likelihood of them occurring.
HDM evaluates performance guarantees and determines the level of fulfillment of each performance commitment, including Financial Accuracy, Procedural Accuracy and Claims Processing Timeliness.
HDM performs a compliance audit of vendor contracts.
HDM identifies, validates and recovers overpayments due to claims error, eligibility, provider coding or other party liability issues.
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