"Cutting health care costs is what
Universal Solutions for employers
is all about! Universal Solutions
has saved us 20% in premium
costs and tens of thousands in
human resource hours."
Germaine Lopez
Administrator -
Universal Solutions for employers
is all about! Universal Solutions
has saved us 20% in premium
costs and tens of thousands in
human resource hours."
Germaine Lopez
Administrator -
• Premiums for employer-based health
insurance rose by an average
minimum of 8.0 percent in 2008
• Since 1999, employment-based
health insurance premiums have
increased 120 percent as well as a 120
percent increase to employee out of
pocket expenses
• Health insurance expenses are the
fastest growing cost component for
employers
* The annual premium for an employer
health plan covering a family of four
averaged nearly $12,700. The annual
premium for single coverage averaged
over $4,700
• In the last 2 years, employers have cut
health care benefits by 30% and 15% of
all employers have eliminated health
care benefits altogether
• The national unemployment rate is at
its highest level since the Great
Depression. As workers become
unemployed, they adjust their utilization
of health care services, sometimes
accelerating utilization if they expect to
lose their insurance coverage, and
sometimes postponing care to avoid
incurring out-of-pocket expenses
• Each year, more than 4.1 million
people in the United States suffer a
workplace injury or occupational injury.
More than 2 million of these workers
are injured severely enough that they
miss work and need ongoing medical
care.
• In 2008, workers compensation cost
employers $126 billion.
• The average medical cost for the
average work comp claimant has
tripled in the last 2 years.
• The employers costs associated with
these increases are expected to
quadruple in the next 3 years.
* More workplace injures happen at
mid-size companies (with between 50
and 249 workers) than at any other size
business
* Workplace deaths, illnesses and
injuries cost society $155.5 billion
annually
• As much as $226 billion dollars is
billed fraudulently by health care
providers annually, or 10% of all health
care spending
• In the last 2 years, employers have cut
health care benefits by 30%, and 15%
of all employers have eliminated health
care benefits altogether
insurance rose by an average
minimum of 8.0 percent in 2008
• Since 1999, employment-based
health insurance premiums have
increased 120 percent as well as a 120
percent increase to employee out of
pocket expenses
• Health insurance expenses are the
fastest growing cost component for
employers
* The annual premium for an employer
health plan covering a family of four
averaged nearly $12,700. The annual
premium for single coverage averaged
over $4,700
• In the last 2 years, employers have cut
health care benefits by 30% and 15% of
all employers have eliminated health
care benefits altogether
• The national unemployment rate is at
its highest level since the Great
Depression. As workers become
unemployed, they adjust their utilization
of health care services, sometimes
accelerating utilization if they expect to
lose their insurance coverage, and
sometimes postponing care to avoid
incurring out-of-pocket expenses
• Each year, more than 4.1 million
people in the United States suffer a
workplace injury or occupational injury.
More than 2 million of these workers
are injured severely enough that they
miss work and need ongoing medical
care.
• In 2008, workers compensation cost
employers $126 billion.
• The average medical cost for the
average work comp claimant has
tripled in the last 2 years.
• The employers costs associated with
these increases are expected to
quadruple in the next 3 years.
* More workplace injures happen at
mid-size companies (with between 50
and 249 workers) than at any other size
business
* Workplace deaths, illnesses and
injuries cost society $155.5 billion
annually
• As much as $226 billion dollars is
billed fraudulently by health care
providers annually, or 10% of all health
care spending
• In the last 2 years, employers have cut
health care benefits by 30%, and 15%
of all employers have eliminated health
care benefits altogether
| Facts every employer should know: |
Through our auditing techniques and technologies, we work to
eliminate the fraud in our healthcare system while driving down costs
associated with incorrect billing, overcharges, upcoding, over utilization
& various other issues we see in the medical billing field.
As our company is the catalyst, we drive utilization of our service. We
assist employers in cutting healthcare costs in turn driving down
premium costs and assisting employees in understanding the
healthcare system better. We are a resource and outlet for their
questions, concerns and keep a firm like yours in constant contact with
your employees as we operate as an extension & enhancement of the
services and benefit package you already provide.
Benefits the Employer Receives:
• A measurable and clear return on investment
• No time taken away from work by the employee to deal with medical bills for
themselves or their family members
• Universal Solutions performs clear and concise auditing to manage the
employees out of pocket expenses and ensure there is no employee or provider
fraud being committed
• Comprehensive protection of the employers’ interests. As most service
agreements between insurance carriers and companies are written by the
insurer, they tend to serve the carriers interests and not the company
• Through effective management of employees health care related charges,
Universal Solutions is able to provide the employer state, regional and national
cost averages and acceptable guidelines for health related expenses they should
be liable for, which in turn lowers renewal rates for the employer
• Increased company image as it relates to the health care benefits you offer,
therefore creating a more committed image in the mind of the employee
• We manage all calls related to health care billing questions; disputes,
denials and represent the employee and family on behalf of the employer
• We manage fraud based medical claims & workers compensation health
care issues
• We encourage proper employee utilization through monthly communications,
educational materials and in -service events
| CLICK HERE for sample report data we provide all of our clients |
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COMPANY SERVICES
Serving small, medium & large size employers from 2 employees up to 1,000,000 employees
Serving small, medium & large size employers from 2 employees up to 1,000,000 employees
