INJURY CLAIMS OUTSOURCING

INJURY CLAIMS OUTSOURCING OUT OF BALANCE In order to recoup third party insurance payments, hospitals must spend an unbalanced amount of time managing a complicated and burdensome process. hospital's total claims 95% 5% NON-INJURY CLAIMS INJURY CLAIMS THE HEAVY BURDEN To save that money, hospitals must: Be specialized legal experts Wrangle a host of non-standard payers Navigate a maze of compliance risks Master ever-changing regulations Determine coverage for no-fault claims THE NO RISK SOLUTION Enter the Liability Claims Partner Claims Partners save hospitals from the burden of injury claims management. THE RESCUE claims Partners: A Get faster payments with maximum reimbursements for injury claims with no risk to the hospital, its team or IT systems. Take on more risk and financial accountability for hospitals and health systems. RCM POWERS Lower clients' risk exposure Pay for and manage call centers and patient portals Save money that would be lost Employ a team of specialized attorneys and paralegals Bear the expense of software and integrate it seamlessly with a provider's technology Get paid on a contingency basis JOIN FORCES, ENJOY RESULTS Benefits of working with a claims partner include: 42 day 72% C Shortened payment cycle for no-fault third party liability Average reimbursement produced of charges on paid accounts 96 day 86% U Shortened payment cycle for overall third-party liability Average of charges reimbursement in lien states 37% C Average of charges reimbursement in non-lien states DID YOU KNOW? 7.2% $10 Billion Healthcare RCM is expected to rise at a compound annual growth rate of 7.2% over the next 4 years² Black Book Market Research estimates RCM outsourcing will be a $10 billion sub-industry by 20163 Insurance Resource Council 2 Micro Market Monitor Research, Feb. 2015 http://www.micromarketmonitor.com/market/north-america-revenue-cycle-management- system-rcm-8558256575.html#src=whatech 3 Black Book Market Research, Nov. 2014 http://blackbookmarketresearch.com/financially-overwhelmed-hospitals-ditching-fragmented-niche-rcm-solutions-for-comprehensive- end-to-end-outsourcing-service-vendors-says-latest-black-book-poll/ REVClaimsy www.revclaims.com