December 2020
Our e-newsletter for Enterprise Risk Management, Claim Settlement and Healthcare Solutions.
We hope all of our clients and friends are continuing to do well during this challenging time. Please continue to be safe. We thank you for trusting Blackburn Group with your risk and claim business needs, and we will always strive for personalized care and excellence throughout this crisis and recovery process into 2021.
Robert J. Blackburn, Managing Principal
Pandemic Risk Management and Claim Settlement Solutions
From our work this year with Risk Managers, Claim Managers, Brokers and Attorneys, many organizations are using the time during the pandemic to review the costs of their programs and accelerate claim settlements.
Total Cost of Risk
Since developing our Total Cost of Risk (TCOR) application for Middle Market (defined as organizations having revenues $10 Million to $1 Billion) and Large ($1 Billion+) organizations, we’ve expanded our operations to include customized versions to meet the specific criteria of the client.
Accelerated Claim Solutions
We have seen many clients use the time during the pandemic to find solutions to their most difficult claims. By bringing a unique approach and an extensive “results-oriented” benchmarking capability with our RiskPro® data and technology to our clients, we are delivering outstanding results to show the real value of the claim. In our hundreds of projects this year, we have been able to help our clients close 60-80% of their legacy cases, and have reduced the outstanding reserves from 20-40% from the start of the project.
Medicare Set Asides (MSA) and Lien Resolutions
With over 30 years of experience in administering the entire Enterprise Risk Management (ERM) and claim management settlement solutions process, our teams continue to support our clients with independent objective settlement analyses. Using our technology and integrated resources, we have cut the time for analyzing an MSA case to 7-10 days, and obtain a Medicare approval within 21-28 days.
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