CBCA
Administrators Completes SAS 70 Type II Audit, Achieves Highest
Level of Certification for Key Business Operations
CBCA’s
Claims Processing centers in Minneapolis and Savannah meet
stringent auditing standards by successfully demonstrating
effective control policies and activities.
FT.
WORTH, TX., January 18, 2005…CBCA Administrators, a
leading third-party health benefits administrator, today announced
both its Minneapolis and Savannah Claims Processing centers
have successfully completed the SAS 70 Type II audit and achieved
certification. The SAS 70 audit was conducted by Wolcott &
Associates, Inc., a national consulting firm, and covered
CBCA’s claims processing, technology infrastructure,
and security measures as well as other key areas of its business
operations.
The Statement
of Auditing Standards No. 70 (SAS 70) is an internationally
recognized auditing standard developed by the American Institute
of Certified Public Accountants to measure the reliability
of a service organization’s internal processes and controls.
SAS 70 validation is widely valued because it signals that
the organization has been through a rigorous, in-depth audit
of its control activities by an independent accounting and
auditing firm. By undergoing the SAS 70 Type II audit, an
organization can provide its customers and others with a comprehensive
audit report that discloses the controls and processes in
place along with assurances that the services customers receive
are secure and disciplined.
“We’re
pleased to have received an ‘unqualified opinion’
from our auditor,” said George D. Pillari, CBCA founder
and CEO. “With completion of a SAS 70 Type II audit,
the highest level SAS 70 validation, we can assure our customers
of the quality and security controls built into our transaction
processing, the stability and strength of our operating environment,
and the reliability of our reporting.”
About
CBCA
CBCA Administrators
is a third party administrator that delivers full-service
health plan administration, including claims processing, reimbursement
account, banking, outsourcing, call center and other related
services to employers, TPAs, insurers, and affinity groups
throughout the U.S. The Company’s services help its
customers manage the cost of health benefits. For more information,
go to the Company’s Web site at www.cbca.com.
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