Large Employer’s Self-Insured Claims Need Strong, Third-Party Investigations
Self-Insured Claims put company dollars at risk with every medical bill and lost-time day. Therefore, large employers rely on Frasco’s licensed investigators to verify facts, expose falsehoods, and protect reserves—without slowing daily operations.
Investigations are the cornerstone of cost reduction and fraud prevention for self-insured companies. By engaging third-party investigators, you can reduce high-dollar claims, manage complex issues, and combat dishonesty effectively. Investigative experts bring objectivity, tailored approaches, and advanced techniques to the table, enhancing your risk management strategies.
Integrating a focused and strategic investigation program into your claims management process helps to reduce claims costs, uncover fraud and abuse and provides visibility into spend and performance. Self-insured employers that work closely with their investigators experience better investigation results leading to better claims outcomes.
Investigative Services for Self-Insured Companies
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Why Investigations Matter to Self-Insured Claims
Because each Self-Insured Claim draws directly from your balance sheet, objective evidence saves money and time. Moreover, unbiased findings strengthen negotiations and help adjusters close files soon
Cost Impact:
Employers that add external reviews save up to 25 % on contested files.
Faster Closures:
Clear reports speed return-to-work plans and reduce litigation.
Better Controls:
Ongoing audits reveal trend lines, allowing risk teams to adjust policy before costs rise.
Frequently Asked Questions
What is the crucial role of comprehensive investigations for self-insured companies?
- Comprehensive investigations are crucial in reducing costs, deterring fraud, and enhancing risk management practices for self-insured companies.
How to utilize investigation results to reduce claims costs?
- Use tailored solutions provided by investigative providers to control expenses, detect fraud, and improve risk management practices.
How can companies empower themselves to manage expenses and detect fraudulent activities effectively?
- Companies can empower themselves by engaging investigative providers that offer customized solutions and comply with industry, federal, state, and local laws regarding data security.
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