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Secova Signs Four New Business Service Agreements in First Quarter
Company to Provide Clients in Both Government and Private Sectors With Cost-Saving Benefits Administration Outsourcing Services
NEWPORT BEACH, Calif., April 9, 2008
- Secova, a leading provider of human resource and benefits management services, today announced its addition of four new business service agreements completed in the first quarter of 2008. Two of the companies have signed on for benefits administration services, including enrollment, premium billing and call center services, while the other two clients will be working with Secova to implement Dependent Eligibility Verification Review projects.
With the addition of these new clients, Secova continues demonstrating leadership in delivering valuable, effective benefits administration outsourcing services to clients in a variety of industries," said Joel Carter, Vice President of Client Services for Secova. "In particular, our business is growing rapidly with the expertise and ROI we provide with the Dependent Eligibility Verification Review services we deliver. Over the past three years, Secova's Dependent Eligibility Verification Services have produced multi-million dollar benefit cost savings in as little as three months and continue to assist clients with benefit cost control. The initial project financial return for most clients has regularly exceeded 10:1 and in many cases provided the resources necessary for other critical HR or benefit projects, making the Dependent Eligibility Verification review process an easy way for companies to obtain quick results."
Secova and its client, Scripps Health recently hosted a webinar entitled, "How a Dependent Eligibility Verification Review Saved Scripps Significant $$$ to Support New Patient and Employee Services" which can be viewed on Secova's website at http://www.secova.com/company/news/events.asp.
About Secova
Secova delivers HR and benefits management services focused on helping clients control and drive down the costs of their health and welfare benefits offerings through three essential steps - Audit, Implement and Manage. While many outsourcing solutions modify pre-set vendor/service programs, Secova offers a distinctive, flexible approach. Through the company's Value Sourcing model, each solution can be shaped based on individual client goals and strategies. Secova determines the optimum mix of processes, technologies and service locations to help clients stay competitive in today's marketplace.
Secova's clients, who employ almost 2.5 million employees total, range from mid-sized to the Fortune 500. With its focus on helping clients reduce costs and streamline their HR processes, Secova in 2007 saved its clients well over 10% in their healthcare costs through its audit services alone. For more information, visit the company's website at www.secova.com.
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