Compliance reviews and audits of benefits administration providers are material in supporting financial and operational due diligence and are a routine part of effective provider management.
Working with Curcio Webb
A benefit administration compliance review and audit focus on the following:
- Provider procedures
- Regulatory compliance procedures and controls
- Compliance with contractual terms
- Opportunities for process improvement
- Strategizing compliance resolution
- Financial adherence to the contracted services (including change orders)