FrontPoint Group Capabilities
FrontPoint Group is pleased to offer an outstanding team of consultants and subject matter experts in all aspects of HR offering a variety of service offerings to help your company succeed when it comes to HR.
Our goal is to make sure that you are protected and compliant as a company and that your employees are cared for and happy so everyone can do their best work.
Large Claims Audit Medical and Pharmacy
In businesses across all industries, an audit is an important tool for ensuring proper management of monetary resources, adherence to regulations and identifying gaps within internal processes. A comprehensive audit focuses on a specific group of claims both electronically and manually. The results of comprehensive audits are not meant to be extrapolated, but are specific to the claims being audited. However, such audits can lead to refunding of money from claims administrators – in fact, that is often the focus of such an audit.
The benefits of a medical claims audit, according to the CMS, include:
- Reducing and preventing improper payments
- Ensuring claims are submitted accurately
- Enhancing patient care
Compliance and Cost Containment
- The primary benefit to any organization of a claims audit is containing costs. However, a thorough claims audit can find areas requiring new policies and procedures that will streamline the claims system as well as identify areas of costs savings.
- While a detailed analysis should be conducted, it’s readily apparent that there are benefits of a medical claims audit for an organization, particularly in ensuring compliance with government regulations and making the case of refunds from insurance providers.
Compliance
Changing laws and regulations can make it difficult for organizations to keep up with healthcare compliance. And laws differ between states and local governments. Every organization should take time to examine the different laws that apply to them. Everyone has a role in maintaining compliance. Healthcare organizations can only maintain compliance when every staff member takes responsibility for following procedures and regulations.
Analytics
FrontPoint uses analytics to gain deep insights into their customers and overall business operations in order to derive accurate results and drive innovation. We use analytics to measure key performance metrics across areas such as the ones listed below to produce calculated insights to solve complex business scenarios.
- HR compliance and risk mitigation
- Financial health and welfare health efficiency
- Mergers and acquisition divestures
Diversity Equity and Inclusion
- Employee Diversity, Equity and Inclusion analytics review
- Client/vendor DEI analytics
- Adverse impact analysis
- EEOC Compliance analytics and reporting
- DOL Reporting and summary response report
- Employer reporting to State and Federal agencies
- Provide consulting and framework strategy and roadmap of educational sessions
- Provide consulting and training on unconscious bias
- Provide resource listing and offerings on various spectrum of educational trainings on all segments of diversity, equity and inclusion
- Executive and Senior Level Coaching on DEI and Group Coaching Session
HR Policy and Compliance
Review of state and federal programs to employer programs offering
Assessment and analysis of state unemployment against employer plans
Review of employer program and policies to ensure compliance
Broker/Consultant
Voluntary programs life insurance, short- and long-term disabilities, hospital indemnities and other offerings
Employee Assistance Program
Employee and leadership well-being
Team effectiveness, coaching, counseling, leadership training and development
RFP/RFI Management
When your company needs to hire a new vendor, how should it go about doing so? One option is to search online or seek out recommendations from colleagues or friends to find businesses that offer the services your company needs. Another option is to issue a request for proposal (RFP).
What is an RFP? It’s a document that outlines your company’s — or specific project’s — needs and what you are looking for from a service provider. The goal of an RFP is to identify and partner with a vendor that will be a good match for your business.
The goal of sending out an RFP is to invite appropriate vendors to submit bids and project proposals. In such a proposal, a vendor will provide an estimate or quote for its services. The proposal should also include details about the services the vendor will provide, an estimated timeline for the project, if applicable, a plan for action and a list of deliverables. Since the proposal in many ways serves as an introduction of the vendor to your business, most vendors will also provide background information in their proposals about who they are and what their company’s mission is.
FrontPoint has enough experience to know what belongs in an RFP and what types of questions should be included in order to bring in the best possible proposals.
In addition to putting together a request for your company, FrontPoint can contribute much more to the process. For instance, we can recommend particular vendors to invite to the RFP process. Once the request has gone out and proposals start coming in, we will evaluate responses to the request, identifying quality proposals and help your company negotiate a contract with winning vendors.
Identity Theft Protection
We partner with the best to deliver ongoing monitoring, rapid alerts, and recovery services to help protect against ID theft. You can rest easy knowing you have proven identity, privacy, and credit security solutions. Customers receive an early warning system with instant notification when personal information is at risk. With prompt alerts sent to your smart phone, tablet, or computer, you have the power to act before any damage is done.
Actuarial Services
We provide advice and consulting services to life and health insurers, reinsurers, financial institutions, third-party administrators and self insured groups. We have extensive experience serving the domestic and international insurance industry, and assist insurers with actuarial modernization, process improvement, risk mitigation, value analysis, and financial reporting.
FrontPoint provides a range of services. We can help your organization to:
- Create or review strategies and business plans for start-ups as well as existing general operations.
- Create, design, and implement actuarially sound pricing models that:
- Capture your unique context of markets, distribution, corporate objectives and regulations.
- Create innovative pricing solutions based on historical data, regulations and market parameters.
- Build tools for sound product management, risk retention and capital management.
Compensation
- Pay Equity Testing and Analysis:
- Analyze pay levels to highlight any potential pay equity related risk and help strategize on how to mitigate exposure going forward.
- Compensation Planning and Design:
- We will work with you to evaluate and establish compensation plans that align with your organization’s objectives.
- Custom Market Data:
- Confidentially survey competitors and aggregate data to provide insights into competitive pay landscape.
- Market Competitive Assessments:
- We will work to help you understand how competitively your organization pays relative to competition.
- Benefits Plan Design:
- Review market data, trends, employee needs, and budgetary considerations to design a benefits package that is tailored to your organization.
- Benefits Policy Review:
- Review benefits policies to be sure they are fair and consistent in application, transparent with clear guidance, consistent with governmental regulations, easy to read and understand, and up to date.