LOUISVILLE, Ky.--(BUSINESS WIRE)--Trover Solutions, a leading independent provider of insurance subrogation, claims recovery and cost containment solutions, today introduced Spectra PI®. Spectra PI® is a proprietary technology developed to support Trover’s Payment Integrity division, which is aimed to help healthcare payers detect overpayments and find areas where fraud and waste may exist.
In today’s complex health IT environment, healthcare payers are looking for the best ways to make use of their big data to increase savings and optimize recoveries. Trover’s significant investment in the development of the Spectra PI® technology is designed to allow Trover to address many of the challenges that healthcare payers face, including overpayments, coordination of benefits, and provider audits.
Spectra PI® will serve as Trover’s primary data analytics platform to deliver value to its clients in the Payment Integrity space. This technology will allow Trover to automate the analysis of a client’s data, increasing the speed and accuracy of finding and reporting overpayments to our clients. Providing the engine to its Payment Integrity solutions, Spectra PI® allows Trover’s staff of industry professionals to build solutions to not only identify overpayments but also, to make recommendations that will prevent overpayments in the future.
This new offering uniquely uses one piece of technology to review complex data to identify payment errors, coding errors and overpayments. This all-in-one approach makes analyzing data more efficient and faster, allowing better and timelier recoveries.
“We’re committed to helping our clients achieve the most from their data. Spectra PI® is a powerful system which aids in achieving this goal. Serving as one of the cornerstones of Trover’s Payment Integrity strategy, Spectra PI® will provide the power to pinpoint the best targets for recoveries. We are excited to have this as a valuable resource for our professionals,” said Gary Liter, Executive Vice President, Payment Integrity.
Spectra PI® - in conjunction with Trover’s other successful proprietary technology, Troveris® – will continue to boost Trover’s technology offerings and continue to put Trover in a leading position in the healthcare cost containment industry.
Trover Solutions, Inc. is a leading independent provider of comprehensive cost containment services and software to the private healthcare payor and property and casualty industries. Among the cost containment services provided by Trover are insurance subrogation, payment integrity solutions such as overpayments and auditing, and litigation management.