(New York City, New York – January 2, 2015) ………. UtiliSave, LLC – a premier forensic utility bill auditing company headquartered in New York City – has recently obtained a substantial credit for their client, a large hospital in Brooklyn, NY. The service agreement between UtiliSave and the Hospital was established on August 25th, 2014 and on October 28th, 2014 – approximately 2 months later – UtiliSave secured the adjustment which was immediately credited back to the Hospital, amounting to hundreds of thousands of dollars.
The initial concern of a possible bill discrepancy was raised by the client. The utility company addressed the issue with an explanation to support their billing which seemed reasonable to the Hospital who then paid the bill of over $1 million in full.
UtiliSave performed a deep analysis of the Hospital’s utility data along with a series of on-site inspections and came to a different conclusion in regards to the billing. UtiliSave submitted a claim to the utility company on the Hospital’s behalf, providing an alternative, detailed statistical analysis and calculations based on lower usage numbers. The utility company verified UtiliSave’s findings, accepted their calculations and meter reads, and agreed with their arguments. The over-billing was subsequently rectified using lower usage. The initial charges were adjusted – resulting in a large net savings for UtiliSave’s client.
“We are very pleased to have secured this substantial adjustment for our client in such a short time-frame as an issue submitted to a utility company has a typical wait time of 90 days,” said Anatoliy Khotsyn, UtiliSave’s Vice President of Auditing. He continued, “Due to the complexity of this issue, our team did their due diligence in conducting multiple inspections and compiled sufficient evidence to support our claim, which we believe, expedited the decision. It is quite an accomplishment, and we are happy we could do so for our new client.”
UtiliSave, LLC is a forensic utility data and bill auditing firm headquartered in New York City. Founded in 1991 by CEO, Michael Steifman, UtiliSave has been developing its’ own data analysis software since 1998, designed to take deep dives into historical utility data to identify refund opportunities and operational inefficiencies for their clients. Equipped as a total utility management partner, UtiliSave offers its’ core services such as utility bill audits, trailing audits, benchmarking, and procurement to over 16,000 properties nationwide and is engaged with over 100 utility providers. For more information, please visit the UtiliSave, LLC website at www.UtiliSave.com or call (718) 382-4500.