Navigation Links
President of Employee Benefits Advisory Firm Leads Eye-Opening Workshop on Cost Control at National HR Conference

Appleton, WI (PRWEB) November 19, 2013

Known for his expertise in the self-funded industry, Tom Doney, president of Wisconsin-based Cypress Benefit Administrators, recently presented about ways employers can successfully contain employee benefit costs at a national HR conference.

Doney led the workshop “Are You Getting Ripped Off? Employee Benefit Best Practices” at Northwest Human Resource Management Association’s 75th annual event in Tacoma, Washington – an educational conference with over 700 business professionals in attendance.

He addressed the current state of health benefits and the fact that as plan costs continue to rise each year, so too do the amount of medical billing inaccuracies.

In his presentation, Doney addressed several points Cypress focuses on – and employers and HR staff need to be aware of – when managing self-funded employee benefits and controlling the associated costs.

Health claim review and management was a main emphasis as Doney referenced the American Medical Association’s 2012 National Health Insurer Report Card and shared that there is a 1 in 5 error rate among the seven largest U.S. health insurance companies. He underscored the importance of scrutinizing health claims for services or supplies that were never provided, the misrepresentation of procedures, unbundled or upcoded charges and much more.

According to Doney, upcharging is among the most costly problems that exist today. He said, “In one example, we reviewed various implant procedures – cardiovascular to orthopedic – and compared the total implant invoice amount to the total implant bill. Those numbers showed upcharges of an alarming 450 to 650%.”

Medical necessity is another area the Cypress team examines as Doney’s workshop included cases where patients were charged for services that weren’t deemed medically necessary once records were analyzed by peer independent reviewers. He explained, “In 2003, 12% of hospitals were billing the revenue code used for spinal trays. Now, just 10 years later, more than 90% of hospitals are billing for them.”

Another thing Doney stressed employers and HR pros should be diligent about is monitoring the costs of the latest treatment options. He shared how dialysis expenses keep climbing and the fact that plan language, at-home treatments and negotiated EPOGEN® drug discounts could offset these escalating charges.

Doney said the workshop was an eye-opening experience for many participants. “Employers are often surprised by all the ways they could be losing money through their health benefits.” He added, “At Cypress, we aim to educate people about these issues and help them take steps toward containing costs.”

A privately held company headquartered in Appleton, Wis., Cypress Benefit Administrators has been pioneering the way toward cost containment in self-funded health benefits since 2000. The third party administrator (TPA) is the country’s first to bring claims administration, consumer driven health plans and proven cost control measures together into one package for companies ranging from 50 employees to thousands of employees. It serves employer-clients across the U.S. with additional locations in Portland and Salem, Ore., Omaha, Neb. and Colorado Springs, Col. For more information on Cypress and its customized employee benefits, visit

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. National Pediatric Research Network Act Headed to President’s Desk for Signing
2. Heartland Institute Experts React to President Obama’s Announcement about the Affordable Care Act
3. Humility of Mary Health Partners Names Kathy Cook New President of St. Joseph Health Center
4. 3 Prestigious Awards for Wisdom Natural Brands President
5. Mercy College Interim President Discovers Family History in New York Village
6. LSUHSCs Rodriguez receives cancer immunotherapy Presidential Award
7. Tom Youngerman Named President of Vestiage™ Nutraceuticals
8. Young America Confirms Christopher R. Behrens as President and Chief Executive Officer
9. Akron General President & CEO deemed 2013 Wellness Warrior
10. Certified Timepieces Unveils the Launch of the Men's Rolex Champagne Stick Dial Fluted Bezel Yellow Gold Day Date President
11. AAP presidential address to focus on changing pediatrics
Post Your Comments:
(Date:11/26/2015)... ... ... Indosoft Inc., developer and distributor of the world-class Asterisk based contact center ... reliability. , The new Q-Suite 6 platform is based on the latest Java Enterprise ... a specific piece of software for many key components of the suite. Much of ...
(Date:11/25/2015)... , ... November 25, 2015 , ... ... has been recognized once again for its stellar workplace culture with the company’s ... , Medical Solutions’ Cincinnati office was named a finalist in Cincinnati ...
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... For the ... companies’ “ Two Organizations, One Beat ” campaign. The partnership between the two groups ... to aid in MAP International’s cause. , MAP International was founded in 1954 and ...
(Date:11/25/2015)... ... November 25, 2015 , ... Wimbledon Health Partners, the industry ... Wimbledon Athletics Facebook page to educate the public, parents and school athletic ... 2,000 people under the age of 25 die from sudden cardiac arrest every ...
(Date:11/25/2015)... ... November 25, 2015 , ... Beddit® has launched a new ... systems. The new app features a more intuitive SleepScore™ that rates sleep quality on ... slept. The SleepScore is created by a proprietary algorithm. Beddit analyzes the data to ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... 2015 ) ... "2016 Future Horizons and Growth Strategies in ... Supplier Shares, Country Segment Forecasts, Competitive Intelligence, ... --> ) has announced ... Horizons and Growth Strategies in the French ...
(Date:11/26/2015)... November 26, 2015 ... universitetssjukhus ser potential att använda SyMRI för ... för patienter med multipel skleros (MS) ... med SyntheticMR AB för att kunna använda ... sjukhuset. Med SyMRI kan man generera flera ...
(Date:11/26/2015)... , November 26, 2015 /PRNewswire/ ... --> adds "Global ... and "Investigation Report on China Repaglinide ... 2021 forecasts data and information to ... . --> ...
Breaking Medicine Technology: