Organizational Solutions Inc.’s CADMAT©. tool uses evidence based best practice to evaluate your disability management program. It identifies strengths and gaps and results in the formulation of solutions to more effectively manage disabilities and the resultant costs.
Insurance Company Audits
The primary purpose of plan audits or claims activity analysis is to complete a comprehensive independent review of disability or WSIB / WCB / CSST plans and their administration.
An in depth claims analysis can assist in ensuring all claims are managed in accordance with the contract / legislation in order to minimize cost and reduce ongoing lost time.
Claim reviews can also identify trends that may otherwise go unnoticed. Once errors and trends are identified, a program can be developed to improve processes and reduce costs.
Among the many benefits of having an Audit done by Organizational Solutions Inc. are:
Ensuring your workplace meets exacting insurance
standards for plans and administration
Reducing costs by improving efficiency while identifying
errors
Can aid the morale and retention of your employees by
ensuring the proper roles and responsibilities are assigned
Gives you the solutions to have your optimum workplace
The key objectives of these reviews include:
Problem and solution identification
Claims Activity Analysis
Review of work practices & procedures
Identification of trends for development of prevention
programs
Establish baseline performance and benchmarking
with best practices
Financial Analysis
Formulation of action plans to improve claim handling
and contain costs
Benefits of Audit and Claims Activity Analysis include:
Improved efficiency by the insurance carrier
Realignment of roles and responsibilities to improve
efficiency (internal or external)
Correction of erroneous claim handling issues (WSIB /
WCB / CSST or Insurance)
Recommendations for a superior system of handling
claims
Reduction in LTD reserves and the resultant premium
costs
Reduction in WSIB / WCB / CSST costs