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Medical Cost Containment Services
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Medical Cost Containment Services

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Medical Cost Reduction is about more than simply lowering costs on healthcare services. Lower prices are important, and the Negotiators at IWMC know how to negotiate the best pricing structures for …

Medical Cost Reduction is about more than simply lowering costs on healthcare services. Lower prices are important, and the Negotiators at IWMC know how to negotiate the best pricing structures for our clients. However, three steps cycle are key to cost reduction.

Published in: Business, Economy & Finance

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    • 1. Cost Containment Services International Claims Negotiation For Healthcare Entities 1
    • 2. HOW CAN WE IMPACT YOUR BOTTOM LINE• Healthcare • Speed-up claims reimbursement costs; process;• Get rid of time zone • Connect payer to or language issues; healthcare provider;• Minimize medical • Brand value increased. costs from out-of- network payers. 2
    • 3. TRADITIONAL BILLING PROCESS Out-of-network claims are Bill typically highly inflated, charged causing medical costs to rise significantly Billing process + 15% Healthcare Payer Billed Medical Billing CompanyPhysician 3
    • 4. STEP I: REVISE ACCOUNTS What has been billed? What should have been billed?15.011.3 Room for discount 7.5 3.8 0 Billed National Medicare 4
    • 5. STEP II: START NEGOTIATIONS1. IWMC negotiators check database The typical discount granted2. Healthcare provider is contacted using a first3. Negotiations begin IWMC is negotiation about -22%.4. Conclude agreement taking the focus off the bill. Our aim is to ensure you only pay for services rendered. 5
    • 6. STEP III: LOWERED FINAL BILL14.0 + 15% - 22%10.5 7.0 3.5 0 Settlement Billed Standard 6
    • 7. BENEFITS• Save on reimbursement costs• Hospital claims are paid quicker• Better cost control• Risk free Save time and money! 7
    • 8. TRY US!• info@iwmcgroup.com• +41 43 508 1032• more on http://www.iwmcgroup.com 8