The number of claims in excess of $1 million has risen at an unprecedented rate in recent years… but MedBen forensic claims review is helping to control the effect of high-cost claims.
The graph below from stop-loss carrier Tokio Marine HCC shows its 2012-20 experience:
- The yellow line represents a 6.3% annual growth rate of employee lives.
- The red bar represents an 11.1% average annual growth rate of claimants in excess of $1M.
- The blue bar represents the total dollars reimbursed at an annual growth rate of 20.6%.
During that same period, MedBen forensic claims review has saved clients tens of millions of dollars. We do this by bringing together skilled examiners, advanced surveillance, and board-certified specialists to deliver payment accuracy and savings – on average, an additional 53.4% on clinically reviewed claims, over and above the PPO discount.
With forensic claims review, MedBen ensures that you pay the right price for necessary care. Call us today at 888-627-8683 to learn more.