According to FAIRPAY President and CEO, Chad Birckelbaw, “We focus on feedback provided by our clients, which allows us to provide payers a tailored solution to ensure they are leveraging all possible savings options.
Dallas, Texas (PRWEB) October 23, 2013
FAIRPAY Solutions has released a new case study on the additional savings that a national workers' compensation payer experienced by utilizing a comprehensive out-of-network solution through a single payer. The study details the increase in savings and lower levels of medical spend the payer experienced after adding additional services from the partner.
The study also highlights the potential challenges facing the large, full service payer with the implementation of new products. The payer made the decision to drive a larger portion of the client's bills through a single partner, which allowed the payer to:
- Secure savings on an additional subset of bills which were not currently touched by that partner
- Leverage the partner's ability to seamlessly integrate multiple solutions without additional
burden to the payer, and:
- Require little effort from the payer's internal departments for implementation of the new product solutions
The result of the payer successfully collaborating with the partner to create a comprehensive savings solution through one access point allowed the payer the opportunity to gain an additional out-of-network savings of more than $8 million annually.
To learn more about FAIRPAY's comprehensive and customizable cost containment services, call FAIRPAY Solutions at 1-888-847-5215 or visit http://www.FAIRPAYSolutions.com. To request a copy of this case study, please visit us online at http://www.fairpaysolutions.com/downloads/Fairpay-CaseStudy-FINAL.pdf.
FAIRPAY Solutions is an industry leader in workers' compensation, liability and auto cost containment services, offering a suite of products including specialty bill review, as well as, negotiation services through KPN services. KPN services provide prospective, concurrent and retrospective negotiations on inpatient and outpatient care.