Recently, the Autocpa Group convened in San Antonio, Texas, for its highly anticipated semi-annual meeting. The event brought together CPA professionals and advisors from across the United States, representing approximately 1,500 dealers. With a carefully curated selection of expert speakers, the group delved into industry-related topics to enhance their roles as CPA advisors. In this blog post, we’ll highlight two remarkable speakers who shared their expertise and valuable insights during the event.
1. Mr. John Delao, CPA at Risk Strategies
Risk Strategies, a specialty national insurance brokerage and risk management firm, provides comprehensive risk management advice, insurance and reinsurance placement, and private client services. With a strong focus on the health benefit side of the business, Mr. John Delao shed light on a vital strategy that can yield substantial savings for self-funded medical plans.
John emphasized that auditing all medical claims over $2,000 is crucial to maximize savings. By conducting audits and offering hospitals cash pay settlements for prompt payment, significant cost reductions can be achieved. Negotiating fair payments for both the hospital and the employee further enhances the impact on self-funded plan expenses. John also highlighted the potential eligibility of self-funded medical plans for medical captives, presenting an opportunity for even greater savings.
Notably, John shared a recent success story, in which a $600K medical claim was audited and negotiated down to $28,900 as a full payment. All auditing and negotiating must be completed in the same time period the state requires claim adjudicating. Furthermore, they back their audit recalculations with strong member advocacy services and legal expertise.
For those without a self-funded health insurance plan, John recommends considering a level funded plan the first year. This option combines the advantages of self-funded plans with a fully insured rate cap, offering a balanced and financially beneficial approach.
2. Mr. Craig Burris, President of Dealer People Cloud
Craig specializes in helping dealers optimize their payroll and HR processes, enhance performance, and improve employee retention. Recognizing that national payroll providers may not fully meet dealers’ specific needs, Craig and his team developed a unique solution.
Dealer People Cloud offers a unified software platform that seamlessly integrates payroll, HR, applicant tracking and onboarding, benefits management, and compliance services. This comprehensive system collaborates harmoniously with dealers’ mission-critical Dealer Management Systems, providing a streamlined and efficient approach to HR operations.
By consolidating these essential functions into a single software solution, Dealer People Cloud empowers dealers to simplify their administrative processes, reduce errors, and save valuable time and resources. With a focus on enhancing employee retention and engagement, the platform helps foster a positive work environment and supports the growth and success of dealerships.
If you would like to hear more about these services or want to talk to us about other issues affecting your dealership we would love to hear from you.