While Berwyn Group is mostly known for helping plan administrators reduce over-payments in their retirement plans, our best-in-the industry death data can help other departments of your company as well. The financial benefits of routine death audits do not stop with pension payments. In fact, hospitals can reduce fraud by performing death audits on their
- Charitable trusts/planned giving;
- Fraudulent use of SSN for identification;
- Improper billing;
- Correcting admissions paperwork.
Healthcare providers face similar fraud and data error challenges. Performing routine death audits on clients will reduce
- Fraudulent use from medical identity theft;
- Improper claims because of prior identity theft claim activity;
- Costs to recover improper payments.