Subrogation is a difficult area to quantify. Many insurance companies, TPAs and HMOs
may feel they are producing satisfactory subrogation recoveries when in fact
they are not. Our evaluations lead
us to believe that there is a lack knowledge and experience on how to produce
results and what results should be expected. A company may tell us that they are
doing well in the subrogation area but, when asked, they have little or no
knowledge about what an efficient unit should produce. An insurance company, a TPA or and HMO
knows about paying claims and reducing medical costs. It knows very little about what its
subrogation recoveries should be or how to get information on potential
subrogation claims from the existing claims software. It may know even less about negotiations
for settlement, subrogation case loads or investigation of claim. Virtual Health Management can help
provide the answers.
As the HMO, TPA and insurance industry become more aware of the
potential for subrogation recoveries and its effect on the bottom line, greater
emphasis has been placed on the subrogation recoveries. Subrogation is now taking its place
along side COB and claims processing as a vital part of a successful health
benefits system. Virtual Health
Management provides the knowledge and tools to increase recoveries
dramatically.
Virtual Health Management support comes in many
ways:
u
Systems Evaluation and Review
u
Education
u
Legal Services
u
Software
u
Comprehensive Management
Virtual Health Management has nearly twenty years of
experience in setting up in house recovery units as well as managing thousands
of subrogation claims. The
knowledge gained by that experience translates into significant increased
revenue for the subrogation unit, TPA, HMO or insurance company. Let Virtual Health Management assist you
in providing efficient and profitable subrogation
recoveries.