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> DENIAL RECOVERY RESOURCES
> CLEAN-CLAIMS CONSULTING
Our knowledge and services fall into two main areas: Denial Recovery Resources & Clean-Claims Consulting.
The solution 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.
Unlike collection agencies that often have to call patients frequently for information or to collect unpaid balances, CompMed Analysis works directly with the payer to resolve the account. With a keen understanding of every phase of the healthcare deliver and claim submission process, we can zero-in on precisely where a denial originated and develop remedies to overcome similar denials in the future.
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