HRAdvance Releases Latest Results from Dependent Eligibility Audits
DALLAS, TX, February 17, 2010 - HRAdvance, the standard in eligibility solutions, today
released the latest average results from their comprehensive dependent eligibility audits. These results show an
average first year Return on Investment (ROI) of 1,436%. While many providers base their estimated ROI on the
discovery of ineligible populations anywhere between 3 and 12 percent, few publish detailed comparative information.
"Benefits professionals are sophisticated consumers of services," said Craig Firestone, HRAdvance CEO.
"They buy health plans based on outcomes, and they are continually working with providers to acquire services for
their employees that deliver more. It's time that they are able to evaluate dependent eligibility audits in the
same way, and that's only possible when eligibility audit providers are willing to release their results. As more
employers adopt dependent verification as an internal control, it's time to fully inform the consumer."
Since its inception, HRAdvance has worked with more than 175 clients, and 141 of those have
completed their initial comprehensive dependent eligibility audit. Clients have garnered over $215 million in
comprehensive audit savings and more than $20 million from ongoing eligibility verification savings. HRAdvance
clients find an average of 10.93 percent of dependents ineligible on their health plans. For a listing of audit
outcomes by industry, including construction, energy, government, healthcare, manufacturing, publishing & printing,
retail and technology and telecommunications go to the HRAdvance website. www.plan-smart.com
To learn more about HRAdvance and its eligibility solutions, including Plan-Smart™ and
Plan-Guard™, please visit their website at www.plan-smart.com.
About HRAdvance:
HRAdvance was founded in 2004 with a narrow mission in mind: to provide HR and benefits professionals
with best in class hosted solutions that can be deployed without capital expenditure or IT dependency. Its
guiding principle is that employees are the most valuable asset of virtually every organization.
The company's core competency is its Plan-Smart™ and Plan-Guard™ dependent eligibility
audit and verification services. With more than 175 clients that range in size from 500 to more than 100,000 employee
lives, HRAdvance is the best in class dependent eligibility audit solution. Its management competencies and
healthcare focus reflect over 150 years of combined experience in developing automated human resource, benefits,
administrative and financial solutions for government, public and private organizations. Visit www.plan-smart.com to
learn more.
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