Established in 2000, Cypress Benefit Administrators is a privately held company that offers a set of medical risk management tools that combine claims administration and cost control measures. It is a third-party administrator that caters to the needs of employers, brokers and families in the health care industry throughout the United States. The company helps in reducing claims with proper assessment and advocacy. In addition, Cypress Benefit Administrators administers a medical advocate program. The company assists in data and prescription cost management. It operates a division, ARGUS Claim Review, which provides a fraud protection and code editing program to reduce billing errors. The company also offers educational resources.