Bellevue, WA (August 2024) – As spiraling labor costs make employers dizzy this summer, a new blog from CPRS, Inc., is providing solutions to finding labor-cost savings.

According to Reuters, labor costs rose 4.4% year-on-year in the first quarter. Errors and overpayments on contract labor invoices can be identified and recovered, often for tens of thousands of dollars. CPRS helped a client in the EPC-sector uncover significant non-contractual overtime charges totaling $67,382.84, a whopping 18.5% of the invoices submitted and approved.

“In the EPC-sector, businesses are used to dealing with complex contracting and onerous overtime rules,” said Dan Berg, Senior Vice President of CPRS, a Recovery Audit firm known for superior client satisfaction and outstanding ROI. “But the same complexity that protects the business-vendor relationship also creates opportunities for inaccuracies.”

CPRS used its Comprehensive Invoice Review Process to find hours invoiced that did not meet the criteria for overtime billing. Overtime was billed before the 40-hour work-week was reached. The CPRS audit teams, recognized for their extensive industry experience and expertise, conducted an audit guided by experience to reveal the overbilling.

In addition, using the CPRS Pearl™ Platform provided a flexible, web-based suite of tools that was tailored to meet the client’s specific needs. Using the Pearl™ claims portal, reporting dashboard, and audit tools, the client was able to manage and analyze data effectively and securely, leading to tens of thousands saved.

For more information on this $67,000 solution, visit the CPRS Blog or click here to download the Finding Labor-Cost Savings Case Study.