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Vendor Audits and Management

You expect that vendors will live up to their responsibilities. The process of evaluating and measuring vendor performance is complex and time-consuming.

Buck can provide you with a "checks-and-balances" auditing system for tracking outside suppliers. Our efficiency checkpoints will identify whether vendors are in compliance with performance guarantees.

We offer:

Assessment of how well your vendors are performing and complying with contractual arrangements. Our audits focus on overall performance, cost-containment efforts, payment accuracy, administrative efficiency and compliance
On-site and off-site evaluations that include adequacy and accuracy of documentation, efficiency of notices issued, eligibility verification procedures, premium reviews, and compliance with applicable regulatory administration and recordkeeping requirements

Contact us
HealthandWelfare@buckconsultants.com

When a global leader in outsourcing of telecommunications and comprehensive business solutions needed help managing their benefit programs, Buck conducted a vendor selection to disclose the optimum vendor partnerships and negotiated a high-quality, cost-efficient benefit offering.

Buck's guidance led to improved benefits, enhanced service offerings and significant cost savings, all of which were guaranteed over a five-year period.