SRP - Strategic Recovery Partnership | Recovery e-News
2Q-2009 | Subrogation Insights for TPA’s, stop loss carries & health plans Subrogation Insights for TPA’s, stop loss carries & health plans
TOP STORY | SRP Data Mining: The best of both worlds - Many potential subrogation claims are missed using traditional methods of identification. Data mining finds more cases that can represent substantial financial opportunity for claim payers, but is more expensive. SRP offers a pragmatic approach for claim payers to maximize recovery opportunities and control investigative costs with a best of both approach. Whether used for 100% of case identification, or as a “second pass” to find only cases that are missed internally, our data mining services ensure capturing every recovery opportunity.
THE SRP OPPORTUNITY. Many payers and administrators pend/deny claims upon receipt of accident information and can therefore identify potential subrogation cases as part of their claims process. For them, paying a partner to perform that function becomes costly and redundant. Other payers intentionally process without preliminary investigation and require a claim data review to identify recovery opportunities. Strategic Recovery Partnership (SRP) delivers both approaches that integrate with client preferences, and consistently achieves a proven revenue stream for health claim payers. SRP has recovered more than $100M for self-funded plans alone and represent over 35 claim-paying clients. -Toll-free: 1.888.679.5SRP (5777) | Turning subrogation into a real positive since 1993
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