Secova Receives 2009 Innovation All-Stars Award
Leading the Next Generation of Dependent Eligibility Managagement
NEWPORT BEACH, CA, October 6, 2009
- Secova Inc., a leading provider of human resource and benefits management services, is pleased to announce that it has received the 2009 Innovation All-Stars Award from Field Media for its Dependent Eligibility Management Programs and Practices. Field Media, a national healthcare publisher, recognized Secova for helping their clients reduce health benefit costs, maintain fiduciary responsibility and manage eligibility for hundreds of thousands of employees.
A plan structure that involves tying core philosophy and goals with effective benefit plan creation and management should be the top concern for companies that wish to hedge inflation. Secova recently implemented a number of innovative solutions through their Dependent Eligibility Management Platform (DEM)geared towards maximizing ROI in a tight economy by eliminating ineligible dependents across all industries.
“Secova’s technology has helped organizations achieve millions of dollars of savings by decreasing plan reserve funding for dependent coverage across all industries,” said Bruce Borgos, Director of Audit Services for Secova. “Our innovative web-based technology allows participants to access files, print forms, view individual recipient records online and obtain answers at any time.”
Secova’s DEM custom innovations were developed specifically for HR professionals and the employees they support to enable clear, consistent and compliant dependent eligibility audit and management practices. Driven by our full service web portal and call center support, our clients have averaged a 10.9% dependent drop rate for these projects which are typically completed within 6 months.
Field Media took many factors into consideration when choosing the award winners that set themselves apart from others in the field through effective technology innovation, ingenuity and customer care. This year's judging panel came from an industry-leading health care magazine, CDHC Solutions and a total rewards magazine, EmployersWeb.com.
Secova is a leading HR and Benefits Management Services company that delivers customized “Value–Sourced” solutions designed to enhance services and reduce operating costs. Our mission is to help employers control and drive down the cost of delivering Human Resources & Employee Benefit Services. Secova’s customized and flexible benefits administration solutions are designed to complement your company’s overall benefit administration strategies, to help lower costs and improve service quality while enhancing timeliness, accuracy and responsiveness to your staff and your employees.
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