Our e-newsletter for Enterprise Risk Management, Claim Settlement and Healthcare Solutions.
We hope all of our clients and friends are enjoying a wonderful Holiday Season! In our final newsletter for this year, we have summarized our key solutions and results for clients in 2022. We thank you for trusting Blackburn Group with your risk and claim business needs, and we will always strive for personalized care and excellence now and into 2023.
Robert J. Blackburn, Managing Principal
Total Cost of Risk Solutions
Risk Managers and Brokers have utilized our Total Cost of Risk (TCOR) models to enhance compliance and save costs for the past 20 years. We’ve expanded integration this year to include enhanced individual claim valuations. Read more >>
During the year, we have looked at over 100 programs and we have been able to observe and identify the root causes of claims and expected claims by the type of program reviewed. All of our recent experience has been updated in our TCOR application for Risk Managers, Claim Managers, Brokers and associated colleagues to use in analyzing the programs. We are then assisting clients by customizing the results for various reporting, compliance and marketing needs.
What is Your Claim Worth?
For Risk Managers, Claim Managers and Attorneys, this continues to be the key question for settling claims. This year, we have extended our industry-based risk analytics and "best outcome" claims to gain savings from expected damages and associated expenses. Our data and services are continuously refreshed to provide clients the most up-to-date results for every project. To learn more, Read more >>
Accelerated Claim Solutions
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 hundreds of projects this year, we have been able to help our clients close over 60% of their legacy cases, and on average have reduced the outstanding reserves over 20% from the start of the project. To learn more, Read more >>
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.
This year, we have cut the time for analyzing an MSA case to 5 days, and depending upon Medicare’s staffing obtained approval within 28 days.
Additionally, our new technology for lien management allows us to report a case within 24 hours, and depending upon Medicare response obtain their results within 3-10 days. By eliminating time during this difficult phase of the process, the claim settlement negotiations are significantly enhanced.
As an example, our Medicare Lien team reduced a portfolio of Medicare Conditional Payment liens over $500,000, and finalized the liens with settlement details for a major national law firm within 30 days!
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