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MedBen Surveillance System -- Ten Years of Money Saved

08/09/17

  03:09:00 pm, by MedBen5   , 211 words,  
Categories: Announcements, News, Cost savings, Third party administration

MedBen Surveillance System -- Ten Years of Money Saved

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In September of 2007, MedBen introduced to its self-funded clients an advanced surveillance system that took claims management to a higher level. And nearly 10 years later, our clients continue to realize significant savings from this system, which thoroughly analyzes claims to ensure that they meet medical necessity or billing standards.

In 2016, for instance, clients saw an $9.75 average monthly savings per employee from claims surveillance. That represents a 25.1% average savings on clinically reviewed claims, after discounts and coinsurance.

Going back a few years, from 2010 through 2016 MedBen claims surveillance has saved clients, on average, $10.36 per employee per month... an annual average savings of 37.2%. Moreover, these savings are produced after network discounts are applied, but before claims are paid.

It's important to note that while the electronic claims surveillance is leading edge, it's the human factor that makes the real difference. Because once the system flags a claim, physicians drawn from a panel of over 125 board-certified specialists review it and work directly with providers to ensure cost-effective, patient-sensitive outcomes.
MedBen's surveillance system combines technology with a physician-driven approach to deliver clients lower costs... and it's just one part of a claims management strategy designed to maximize your health care savings. Find out more by contacting Vice President of Sales & Marketing Brian Fargus at bfargus@medben.com.

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