Our Services:
Claims Audit & Cost Recovery
- Full review of open and closed claims to identify overpayments, reserve miscalculations, and unnecessary expenses.
- Detection of mishandled, aging, or inflated claims increasing costs.
- Identification of premium inflators such as incorrect claim classifications or misreported data.
- Actionable report outlining areas for cost recovery and claim optimization.
Large Deductible Program Optimization
- Assessment of claim handling processes and deductible structures.
- Identification of inefficiencies causing excessive deductible spend.
- Strategy development to minimize claim expenses and financial risk.
Reserve & Settlement Analysis
- Independent evaluation of claim reserves to ensure accurate and justified projections.
- Identification of over-reserved claims leading to excessive financial holdbacks.
- Settlement negotiation strategies to reduce claim payouts and long-term exposure.
Claims Management Strategy & Oversight
- Ongoing review of active claims to ensure proper handling and cost control.
- Implementation of best practices to prevent claim delays, excessive litigation, and mishandling.
Training & Advisory Services
- Training for HR, safety teams, and internal risk managers on best practices for cost-efficient claims handling.
- Guidance on preventing excessive settlements and unnecessary claims escalation.
- Educational workshops on reducing claims-related financial waste.
Customized Risk & Cost Containment Consulting
- Tailored consulting solutions for businesses looking to reduce overall claims liability.
- Development of long-term risk mitigation strategies to prevent excessive claim costs.
- Personalized advisory services based on industry, company size, and specific risk exposures.