Secova powered by UltraLink, a leading provider of human resource and benefits management services, today announced a significant growth in revenue and company size since the merger of Secova and UltraLink was completed one year ago. The company has added 12 new clients and demonstrated significant success with its Dependent Eligibility Audit services, saving clients between 6-17% annually in health care costs.
Costa Mesa, Calif. (PRWEB) September 19, 2007 -â€“ Secova powered by UltraLink (http://www.Secova.com), a leading provider of human resource and benefits management services, today announced a significant growth in revenue and company size since the merger of Secova and UltraLink was completed one year ago. The company has added 12 new clients, ranging in size from 5,000 to over 50,000 employees in industries such as hospitality, healthcare, retail and financial services.
Additionally, Secova has demonstrated significant success with its Benefits Auditing Services (http://www.secova.com/services/b_auditing/). The company has saved its clients anywhere between 6-17% annually in health care costs through its Dependent Eligibility Audits alone. U.S. employers are finding Dependent Eligibility Audits critical to managing their health care costs. Many are requiring employees to provide documented proof of their dependents and it is companies such as Secova that are helping them manage such costs according to a recent Wall Street Journal article Employers Scrutinize Eligibility of Dependents on Health Plans (http://online.wsj.com/article/SB118946144721423027.html?mod=health_home_stories).
To support these new clients and set a healthy foundation for further growth, Secova has significantly expanded in both the Unites States and India. New office space is being completed in the companyâ€™s Brick, New Jersey and Chennai India offices to deliver a variety of Secova services including communications and benefits administration services.
Furthermore, the company has made several executive changes to better address client needs. Joel Carter, Secovaâ€™s vice president and general manager, New Jersey has relocated to the Costa Mesa headquarters as vice president, client services and relationship management. Sanjeev Kurup has joined the company replacing Carter as the vice president and general manager, New Jersey. Secova has also welcomed Murali Acharya, vice president, corporate quality & performance.
"Weâ€™ve accomplished a great deal in the past year, growing our business substantially based on our unique value proposition of providing mid- to large-sized companies with customized solutions that address their specific needs," said Venkat Tadanki, co-founder and CEO of Secova. "Our distinct combination of technology, processes and our Best-Shore platform differentiate us from our competition -- we hold a strong reputation within the industry for our incomparable depth of knowledge."
Tadanki continued, "Most importantly we understand the intricacies of managing the entire benefits spectrum. Our approach is not to just jump in and manage the cycle but first determine the issues and then work with our clients to develop a solution for managing it efficiently. We find this process of Auditing, Implementing and Managing key to our success. Ultimately we strive to make the complex task of providing benefits simple for our clients, and our growth over the past year demonstrates our success."
About Secova powered by UltraLink (http://www.Secova.com)
Secova delivers HR and benefits management services focused on helping clients control and drive down the costs of their health and welfare benefits offerings through its strategy of Audit, Implement and Manage. While many outsourcing solutions modify pre-set vendor/service programs, Secova offers a distinctive, flexible approach, tailoring services to a employer's individual needs. The companyâ€™s "Best Shore" strategy allows us to shape each solution based on each clientsâ€™ corporate goals and strategies, utilizing each location to deliver the solution that provides the best value, both in quality and cost â€“ a new approach for mid-to large market companies looking to streamline their HR and Benefits Management operations. For more information, visit the companyâ€™s website at www.secova.com.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.