HealthLock Plus has announced a program helping Fortune 500 companies slash healthcare costs by up to 35 percent through automated claim auditing and proactive provider comparison tools. The system has already recovered over $230 million from billing errors affecting American businesses and employees.
-- HealthLock Plus has announced its Healthcare Cost Protection Program, targeting Fortune 500 companies throughout the United States. The initiative enables organizations to cut healthcare spending by 25 to 35 percent while maintaining their current insurance plans. By identifying and eliminating billing fraud, coding mistakes, and improper claim rejections, the program also helps address systemic issues draining billions from corporate budgets annually.
More information is available at https://healthlockplus.com/business&al=12-FDC
The financial impact of healthcare billing problems extends across the American workforce. Up to 80 percent of medical bills contain duplicate charges, inflated costs, or incorrect coding. These errors contributed to $490 billion in medical fraud during 2024, while insurers denied 850 million claims worth $1.35 trillion.
HealthLock Plus addresses these issues through automated claim auditing that examines every medical bill before payment. The system flags overcharges, duplicates, and unjustified denials in real time. Specialized advocates then negotiate directly with healthcare providers and insurance carriers to resolve disputes, with 100 percent of recovered funds returned to members and their employers.
"We give organizations and their employees clarity, protection, and control over healthcare costs," a company spokesperson stated. "HealthLock Plus has helped members protect and recover over $230 million from medical billing errors, overcharges, and fraud."
The program extends beyond reactive monitoring through MyMedicalShopper, which employees use to evaluate providers before treatment begins. This comparison tool displays actual costs, quality ratings, and performance data for identical procedures. Companies can structure incentive programs rewarding staff who select high-performing, cost-efficient providers, simultaneously reducing expenses and improving care quality.
Organizations receive immediate returns through a six-month retrospective audit conducted at enrollment. This review identifies billing errors in previously paid claims, recovering funds already spent. The team notes that self-funded companies gain a particular advantage since corrections directly reduce their healthcare liabilities.
The solution integrates seamlessly with existing benefit structures. Compatible with 250 insurance carriers and both fully insured and self-funded arrangements, implementation requires no plan modifications or vendor changes, and coverage automatically extends to employees' spouses, dependents, and household family members.
The Healthcare Cost Protection Program is now available for businesses of any size, with pricing and deployment configurations accessible through the company website.
To learn more, please visit https://healthlockplus.com/business&al=12-FDC
Contact Info:
Name: Jim Shugart
Email: Send Email
Organization: HealthLock Plus
Address: 612 West Main Street, Franklin, TN 37064, United States
Phone: +1-816-668-7965
Website: https://healthlockplus.com/business&al=12-FDC
Source: PressCable
Release ID: 89182116
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