Compute risks, control costs

Article Abstract:

Managing operations risk and control analysis is becoming an effective way of documenting and identifying financial losses that can be linked indirectly or directly to operations activity within firms. One way of conducting the analysis is via a computer model, and there are at least four general steps in the risk and control management process including: describing and quantifying associated business risks; describing and applying control procedures to associated risks; examining information to determine which risks are candidates for decreased or increased control; and establishing which control processes are candidates for reduction or elimination.

Analysis, Risk management, Organizational research

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Slash health care costs with claims automation

Article Abstract:

Employers can contain rising medical costs by automating the health claims process. The computerization of health claims administration will lower the incidences of overpayment of health claims. Also, automation will lead to reports which can be used in cost management and to audit accounts.

Planning, Economic aspects, Human resource management, Occupational health services, Medical care, Cost of, Health care costs, Automation, Health services administration

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