Cost Recovery Solutions

Company Name:	Cost Recovery Solutions www.costrecoverysolutions.com
Address:	620 Newport Center Drive, Suite 1100 Newport Beach, CA 92660-8001
Contact Name/Title:	Gerard Smith / Founder & President
Email:	Contact Form
Phone:	(800) 338-9935 Fax: (949) 720-9410
Company History:	Our track record includes over 20 years experience developing and implementing cost-recovery, cost-containment and profit-improvement solutions for a variety of companies. Founded in 1992, by President Gerard Smith, Cost Recovery Solutions (CRS) entered the marketplace specializing in procurement and travel management. As a result of our proven track-record, we have evolved into a more comprehensive, contingency-based firm spanning our services into eight key areas: AP, Travel, Freight, Real Estate, Healthcare, Utility and Document Fleet. Our expertise has benefited such diverse and recognizable clients as Champion International, Chemical Bank, Jacobs Engineering Group, Mattel, Mobil Oil, The RAND Corporation and World Vision.
Company Profile:	Healthcare costs account for 16% of the nation’s economy. As most companies outsource the claim adjudication processes it ihas become the least monitored corporate expense. Utilizing unique proprietary electronic edits, database analyses and focused audit procedures delivered by healthcare claim experts, CRS stands as the leading provider of claim cost containment and recovery services. With documented audit results of up to 8% identified overpayments, our unique approach provides direct impact on financial and service quality improvement. We are as non-invasive as possible and generally require only minimal resources to begin. Our trained experts examine and review 100% of your past transactions to ensure quality and minimize disagreements.
Testimonials / Key Clients / Top Past Findings:	Recreational Vehicle Manufacturer – Employing over 2,500 with total medical expenses nearing $21 million, this client’s manufacturing operations clustered around several manufacturing facilities and the corporate office. With members in different locales accessing providers in localized areas, multiple networks were needed to include all members. A comprehensive healthcare audit identified problems with duplicate payments, eligibility and out-of-network benefits with contract compliance isolated as the largest single area of inaccuracy. Roughly $1 million or 5% of total medical expenses were identified as overpaid. Recovery exceeded $557,000 with $200,000 alone attributed to contract compliance errors. CLICK HERE for the full story.
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