Workers' Comp Audits for Guaranteed Cost Policies
Guaranteed cost policies, insuring well-managed organizations, are the largest sources of CRC’s recoveries. Like Sherlock Holmes, we examine the multiple factors that go into calculating your experience rating modification from claim valuations to how your data is reported. When we identify errors, we can generally show our customers how to save money in the future for free.
A company’s level of sophistication is not a factor in our ability to recover money. Some of our largest recoveries have been for large and sophisticated companies – leaders in their industry.
Pharmaceutical
A large and sophisticated company in the pharmaceutical industry requested our services. We examined their mod and noted several errors, making corrections for a period over eight years.
Non-Profit
A large trucking company had multiple errors in the computation of their modification. CRC had the modifications revised and recovered a large amount of money, sufficient to make the company’s pricing policy more competitive.
Hospital
A large regional hospital experienced multiple errors covering ten years that CRC corrected, recovering large sums of money.
Banking
A large regional bank employed CRC and we recovered sizable amounts from multiple sources, covering seven years.