Time & Money Saver Database

TSI’s Audit Time and Money Saver Database (ATMSD) is designed and built by TSI to enable senior claims management and auditors to develop “Best Practices” claim file and operations standards using real time claim file and operations audit data to assess current performance against existing standards while gathering the information required for continuous improvement of those standards and claims performance against them.

TSI’s ATMSD allows the auditor to:

  1. Develop categories against which a file or operation is going to be audited and populate those categories with best practice standards in an easily accessible format so the auditors can validate compliance against them in an effective manner.
  2. Develop weighted best practice standards that clearly identify mandatory standards that when failed cause the entire file or operation to fail regardless of compliance with all other standards applied to the file or operation.
  3. Auditors spend all of their time auditing and analyzing findings so they can work with management of the audited area to develop action plans that when implemented will bring them into compliance with the standard. The database keeps real time statistics and collates them to produce a final statistical report with the push of a button.
  4. Auditors can conduct daily summary reports of the day’s activity across multiple audit teams and share the preliminary findings with management of the audited area.
  5. Auditors can deliver final audit reports within days of completion of the audit because they only have to analyze the data and add recommendations with action plans.
  6. Auditors can respond to the challenges of specific findings, recommendations and actions required to become compliant in real time because they can immediately produce accurate file specific findings that support their recommendations and action plans.
  7. Management of the audited area will believe and accept the recommended action plans required to come into compliance with the company standard because the auditor can produce documentation of the findings in real time.
  8. The database can be run as a stand alone Database or can be integrated into the companies claims management system and databases.
  9. The database is programmed to score the performance by audit category and individual standard at the file, operation, business unit, branch, region and national office levels at a detail or summary level.
  10. The database comes populated with TSI Best Practice Standards by Category by Type of Claim so the company without clearly defined standards can immediately use it to conduct an audit.
  11. The database can easily be tailored to accept company specific standards and changed scoring if so desired by the client.

TSI has developed this database from the perspective of our many years of experience in claims performance management and the experience of those clients to whom we have consulted over many years.

TSI Audit Time and Money Saver Database can be acquired in the following ways depending on the requirements of the client:

  1. Acquire the specifications and tailor them to your needs and systems. One of the major tasks of any information technology database projects is the writing of the specifications. TSI has already done that so you can use our work as a straw model and only modify in those areas required to meet your unique specific needs.
  2. Acquire the Database and have TSI tailor it to your specific needs.
  3. Acquire the Database as is and use it to conduct your audits with TSI providing training in its use to your auditors.
  4. Acquire the Database by contracting with TSI to do a Claims Operational Review using the Database.

All four options have pluses and minuses depending on your particular needs. TSI would be pleased to meet with you to help you perform a cost benefit analysis of the approach that best manages your needs within the context of your budget.

Why do you need an Audit Database?