Insurance Services
As competition continues to increase and investment returns continue to shrink, insurance companies are striving to reduce claims leakage and improve risk management Plante & Moran’s Insurance practice can help.
We’ll couple our core services — audit and tax — with other specialized services such as business process improvement, SAS70 internal control evaluations, and HIPAA consulting to help you turn challenges into opportunities and, ultimately, make better business decisions.
Audit
Our insurance team understands statutory and insurance accounting; in fact, we specialize in it. We have deep expertise in the intricacies of NAIC accounting practices. But when you partner with Plante & Moran, you get more than just an audit. You get up-front planning to identify any issues and resolve them well in advance. You benefit from low turnover, enjoying staff continuity from year to year. And you get our culture — the Plante & Moran difference — which affords personal attention and world-class industry expertise simultaneously.
Tax
Our insurance team has years of expertise in helping insurance providers like you comply with specialized tax rules. We have deep expertise in helping you minimize your tax liability. But when you partner with Plante & Moran, you get more than just tax advice. You get up-front planning to identify any issues and resolve them well in advance. You benefit from low turnover, enjoying staff continuity from year to year. And you get our culture — the Plante & Moran difference — which affords personal attention and world-class industry expertise simultaneously.
Business Process Improvement
Our insurance team can assist with overall business improvement, including identifying opportunities to improve the overall effectiveness of key business processes and reduce administrative costs, while creating opportunities that provide for increased staff empowerment and advancement. In addition, we can assist with accommodating growth in business volumes without corresponding increases in support resources and improving service levels to groups, providers, subscribers, affiliates, agents, and other constituents. We do this by involving staff at all levels of your organization in the planning, design, and implementation of business process improvement initiatives, as without the full participation of everyone in your organization, no initiative can be a complete success.
SAS70 Internal Control Evaluations
In today’s global economy, insurance providers must demonstrate that they have adequate controls and safeguards when they host or process data belonging to their customers. Our insurance team can evaluate your internal controls over information technology and related processes to assure your clients are adequately protected and assure you’re in adherence with best practices.
HIPAA Consulting
In the post-compliance deadline era, Plante & Moran monitors all major areas of HIPAA, including Privacy, Security, Transactions and Code Sets, and Identifiers, to ensure your facility remains in compliance. Should our monitoring process uncover any irregularities, we then assess your needs, develop a remedial work plan, assist in organizing your team and implement a solution in a cost-effective manner.
We have deep expertise in health care and security, and our experience in helping organizations become and remain HIPAA compliant is extensive. Moreover, unlike many other service providers, we’re completely independent of hardware and software. As such, we’re not interested in selling you additional products; instead, we’re steadfastly committed to assuring your compliance.
|