What Should I Know? Employers that self-fund their health care benefits could see costs jump by as much as 7% this year as a result of testing and treatment costs related to COVID-19, according to an actuarial analysis by Willis Towers Watson. The new Families First Coronavirus Response Act passed enacted in March, requires insurance plans to… Read more »
What is Revenue Leakage? Defined: Revenue Leakage is the unintended and unnoticed loss of revenue from an organization. Leaking revenue can occur through expenditures such as overpayments, duplicate payments and other instances where there is a responsible party who is not being pursued. Revenue Leakage also occurs from under-billing on the AR side of an organization. Is… Read more »
Most organization with self-funded ERISA health plans already have a Medical Subrogation Provider. They usually come along with their TPA (Third Part Administrator). But the top 10% of Health Plan Managers use Independent Subrogation ProvidersWhy could this be?
Work/Life: The Pursuit of Balance For many of us, the pursuit of maintaining or developing a healthy work/life balance seems like an impossible goal. We are often torn between juggling daily workloads, managing family responsibilities along with trying to take time out for ourselves. We overload ourselves with a constant rush to complete daily tasks… Read more »
Keeping those who have injured your employees accountable is important. Informing your employees how this process benefits them is every bit as important. Health Plan subrogation not only saves your company money, it also helps keep premiums low for your plan. In this way, employees can enjoy increased benefits while also saving their hard-earned money. … Read more »
In my time as a subrogation attorney, I have felt the prevailing sentiment that negotiating ERISA claims and ERISA liens in general is a source of great frustration and dismay for personal injury counsel. One reason the ERISA statute is in place is to protect self-insured, self-funded insurance plans, as well as ultimately keeping premiums… Read more »
Subrogation Attorneys and the Alignment of Incentives A sensible business model in which subrogation attorneys are employed in-house aligns the incentives of the attorney with those of the subrogation provider. This in turn maximizes returns to the subrogation providers clients, due largely to the creation of a symbiotic relationship between service supply chain and the… Read more »