Keenan Develops Dependent Eligibility Audit Solution with Verify Solutions for California Hospitals
Audit Helps Hospitals Save Money on Employee Health Benefits
Without Compromising Coverage
TORRANCE, Calif.--(Business Wire)--
Keenan & Associates, a Torrance, Calif.-based employee benefit
consulting and brokerage firm, today announced it has developed an
exclusive relationship with Verify Solutions to offer Dependent
Eligibility Audit, a new service designed to help California hospitals
cut health care benefits costs without eroding the level of coverage.
Keenan's Dependent Eligibility Audit, which evaluates and verifies
dependent eligibility, helps hospitals immediately reduce their outlay
for employee health care benefits while ensuring continued coverage
for employees and qualifying dependents.
"California hospitals provide more generous benefits than most
employers," said Steve Richter, Senior Vice President, Keenan
HealthCare. "But, health care costs are spiraling. The Dependent
Eligibility Audit allows hospitals to mitigate the steep cost of
benefits while continuing to offer exceptional coverage to those who
qualify. It is not unusual for hospitals to realize savings of 5 to 10
percent of dependent costs."
According to Keenan's 2008 Health Care Survey, conducted across 80
health care organizations representing more than 200 California
hospitals, 59 percent of organizations are planning to require
employees to provide proof of dependent eligibility - a marriage
license, birth certificate, tax return, etc. - as a cost-reduction
strategy. Keenan's Dependent Eligibility Audit directly supports this
strategy and guarantees a substantial return on investment.
Keenan is offering this service through an exclusive relationship
with Verify Solutions, an organization with extensive experience
conducting dependent eligibility audits among hospitals. After
reviewing nearly a dozen other vendors, Keenan selected Verify
Solutions based on the company's marked success in identifying
unnecessary health care costs, impeccable customer-service record,
sensitivity to clients' employees and corporate culture, and highly
competitive pricing structure. In fact, through the Keenan program,
Verify Solutions offers an innovative ROI guarantee: hospitals that
conduct the Dependent Eligibility Audit will never pay more in fees
than they've already achieved in savings.
"We are thrilled to partner with Keenan HealthCare to help
hospitals manage rising health care costs," said Alan Rose, Principal,
Verify Solutions. "Our primary objective is to achieve major
cost-savings for our clients with a focus on safeguarding employee
relations and protecting the company culture. Keenan shares our
commitment to deliver significant results with exceptional customer
service. We were a natural match."
Keenan's Dependent Eligibility Audit is available to California
hospitals as of September 1. This program is also available to public
schools and municipalities, industries in which Keenan has substantial
experience.
About Keenan & Associates
Keenan & Associates, headquartered in Torrance, Calif., was
founded in 1972. Keenan has grown to the 17th-largest insurance
consulting and brokerage firm in the United States. With a network of
offices located throughout California and a staff of more than 670
insurance specialists, Keenan is a full-service consultant and broker,
dedicated to providing superior insurance products and services for
public agencies and health care organizations. The company's
exceptional growth is directly related to its concentration on meeting
the risk management, employee benefits, workers' compensation and
property and liability consulting and brokerage objectives of public
entities, health care systems and high-tech firms. For more
information, visit www.keenan.com.
About Verify Solutions
Verify Solutions is headquartered in Alpharetta, Georgia, part of
the Atlanta metropolitan area. The company was founded as a direct
result of in-depth market studies which revealed overwhelming, yet
unfulfilled needs in the marketplace. These needs included
professional services to handle employee-centric dependent eligibility
review services. To that end, Verify Solutions was established to
furnish highly professional and strictly confidential audit services
for employers. For more information, please visit
www.verifysolutions.net
For Keenan & Associates
Megan Quinn, 510-338-0560
mquinn@dudell.com
Copyright Business Wire 2008
