OmniClaim Webinar Offers Effective Approach to Recovering Overpayments from Implantable Devices and High Cost Drugs

Innovative approach recovers, on average, $0.36 in overpayments for every HCD $1.00, and $0.29 for every implantable $1.00 audited

BOSTON--()--OmniClaim, a leader in healthcare cost containment and payment integrity, announced today it will be presenting the webinar, “Recovering Overpayments Associated with Implantable Devices and High Cost Drugs,” on Thursday, June 1, 2017. Hosted by AHIP, the webinar will demonstrate best practices for overcoming the challenges associated with recovering overpayments from these carve outs.

“Payers are well aware of the overpayments associated with DRGs, but many do not realize they are wildly overpaying for both implantables and HCDs,” said Dave O’Donnell, Chairman and Chief Executive Officer, OmniClaim. “We developed this webinar to help them understand that there is significant opportunity to solve this problem, recover overpaid claims, and deter future overpayments through proper contracting and careful auditing.”

For over a decade, OmniClaim has worked with payers and providers nationwide to tackle this challenge and has pioneered an auditing solution that recovers, on average, $0.36 in overpayments and savings for every HCD $1.00 audited, and $0.29 for every implantable $1.00 audited. The webinar will explain why HCDs and implants have become – and will continue to be – a rapidly growing expense for payers and how a few simple best practices can make an impactful difference.

“Carve out audits are unlike HBA or DRG audits, requiring a unique level of expertise and knowledge to conduct them correctly,” said Timothy O’Donnell, President and Chief Operating Officer, OmniClaim. “OmniClaim has gained valuable insight on this subject through our many years conducting these types of audits, including the language needed in every contract, the types of details and information necessary to be successful, and the profile of a qualified carve out auditor.”

Additional Details:

About OmniClaim
Headquartered in Woburn, Mass., just outside of Boston, OmniClaim is an industry leader in healthcare cost containment and payment integrity. OmniClaim delivers industry-leading savings for clients by leveraging a unique combination of provider relationships, advanced analytics, and subject matter expertise. With over 3,500 hospital relationships nationwide, OmniClaim’s proprietary predictive analytics tools, combined with onsite audits, help clients save hundreds of millions of dollars annually while minimizing provider abrasion. For more information, visit the OmniClaim website at www.omniclaim.com.

Contacts

OmniClaim
Kathryn Arrigg, 617-502-4327
kmcmahon@pancomm.com

Release Summary

OmniClaim will be presenting the webinar, “Recovering Overpayments Associated with Implantable Devices and High Cost Drugs,” on Thursday, June 1, 2017.

Contacts

OmniClaim
Kathryn Arrigg, 617-502-4327
kmcmahon@pancomm.com