Cost Avoidance

In 2014, HIC provided more than 23,000 man-hours of labor to our partners at no cost by leveraging our self funded contract, in addition to providing a cost avoidance of more than $5 million. Below are some case studies with agencies to represent the cost avoidance over time that agencies have realized by partnering with HIC.

Department of Commerce & Consumer Affairs

Business Registration Division

Avoided costs were $600,000 + in 2014.

Services Represented on Graph
* Estimated with $30/hr salary; Data Entry Time: 5 mins/annual, 25 mins/initial, 10 mins/document; Mailing Cost: $0.75/annual, $0.40/initial, $0.20/document.

Division of Professional & Vocational Licensing

Avoided costs are $200,000+ per year since 2001.

Services Represented on Graph
* Estimated with $30/hr salary; Data Entry Time: 5 mins/renewal; $0.95 in mailing and print cost.

Insurance Division

HIC’s online services have saved $300,000 since 2004.

Services Represented on Graph
* Estimated with $30/hr salary; Data Entry Time: 5 mins/renewal; $0.95 in mailing and print cost.

Department of Taxation

Department of Taxation

Avoided costs were $3.5 million in 2014.

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