BOSTON--(BUSINESS WIRE)--OmniClaim, a leader in overpayment recovery, today announced that it will present a free webinar, "Recovering Overpayments Associated with Implantable Devices and High-Cost Drugs (HCDs),” on Thursday, December 7, at 1 pm EST. This webinar will explain why HCDs and implantables are a rapidly growing expense for payers and will outline strategies for maximizing the recovery of overpayments associated with these types of claims.
According to a recent market research report, the U.S. implantable medical devices market is expected to be worth $73.9 billion by 2018. As a result, a process is needed to combat overpayments and recover money wherever possible. OmniClaim has been conducting carve-out audits for over a decade, and has identified approximately 33% of every implantable device or HCD dollar audited is an overpayment. This webinar will explain why HCDs and implants are rapidly growing expenses for payers, and will outline strategies for maximizing recovery of overpayments from these carve-outs.
“Overpayments associated with implantable devices and HCDs is a growing trend that shows no sign of slowing down any time soon,” said Timothy O’Donnell, President of OmniClaim. “OmniClaim has found that 33-cents of every $1 audited for these types of claims is an overpayment. This webinar will allow us to share our experience and best practices so attendees will better understand the tactics needed to recover these overpaid dollars.”
During this free webinar, attendees will learn about:
- The contract language and terms essential to avoiding overpaying for implantable devices and HCDs
- The importance of pre-screening claims for audit selection and the most effective methods for doing so
- Best practices for scheduling an audit in a timely fashion and advice for working with facilities to create the most efficient and effective processes
- The skill-set and experience needed to conduct an efficient and effective review
- Common billing errors made by providers that result in overpayment
- How to properly finalize the audit process and the importance of obtaining sign-off acknowledging overpaid items
For more information and to register for the webinar, please visit: Recovering Overpayments Associated with Implantable Devices and HCDs
About OmniClaim
OmniClaim is an industry leader in payment integrity and overpayment recovery, delivering significant financial results while minimizing provider abrasion. We accomplish this through our unique combination of strong relationships with payers and providers, proprietary predictive analytics, and unparalleled subject matter expertise. Our credibility and onsite presence with over 3,000 provider organizations nationwide leads to more successful audits with fewer appeals and minimal provider abrasion. We consistently deliver on aggressive cost containment goals, and our 100% client retention since our inception is the result. For more information, visit the OmniClaim website at www.omniclaim.com.