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Since 2003, CompMed Analysis has been providing a successful solution to their clients. The answer lies in the reworking of the denials (which fall into a two year statue of limitation) by the staff of CompMed Analysis. This results in captured revenue that may be adjusted off the hospital books.
Workers’ Compensation accounts usually represent approximately 3-10% of the total revenue for any hospital. In analyzing the denial process and the type of denials, CompMed Analysis will also be able to construct a new operational process (through a consultative arrangement), which will ultimately create a clean claim process and thereby reduce the number of denials. We will offer a unique solution service and expertise that hospitals and providers can call on as needed by focusing on a niche section of the payer market.
If a workers' compensation claim is in the process of litigation through the Industrial Commission, we can monitor for changes to the workers' compensation claim OR re-bill to the secondary payor if the claim is denied. This additional step increases revenue as well as patient satisfaction.
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