Measurable savings driven by first cloud-based cost containment platform for Subrogation, Dependent Eligibility, Coordination of Benefits and Information Analytics
ROLLING MEADOWS, IL - Discovery Health Partners, a provider of cloud-based healthcare cost containment solutions, today announced that it has successfully improved claims recoveries for all customers who have implemented its Intelligent Full Service Subrogation and Overpayment solutions - even driving a recovery increase of 40% for one customer.
Since its 2008 founding, Discovery Health Partners has broken new ground within healthcare cost containment by launching the industry's first purely cloud-based platform that offers Subrogation, Dependent Eligibility Verification, Coordination of Benefits and Information Analytics solutions in a fully outsourced model or via SaaS (pay-as-you-go) for in-house management - or in any combination in between.
"Traditional recovery and overpayment methods are antiquated, slow, complex and opaque. Analytics and cloud computing are driving a major wave of change in healthcare cost containment, and we're at the forefront of it," said Paul Vosters, President and COO of Discovery Health Partners.
"Greater visibility and transparency enable organizations to monitor, control and improve their programs and those of their vendors. This insight is essential for better recoveries and operational savings."
Discovery Health Partners' customers include national and regional health insurers, healthcare providers, and self-funded organizations such as Humana, Lovelace Health Plan, Meritor, The Mentor Network and Rush System for Health, among others.
The intelligent platform enables customers to monitor their recovery operations more closely, manage other vendors on a single platform, and even compare their recovery operations to others through industry benchmarking. Three proprietary applications - Discovery Identification℠, Discovery Case Manager℠ and Discovery Dashboard℠ -- identify cases for investigation; provide start-to-finish case management tools; and offer interactive analytics for visibility into current cases, real-time and historical views, and a range of customizable reports.
Rapid scalability is an additional benefit of Discovery Health Partners' cloud platform. Within three weeks, Discovery Health Partners successfully began processing claims for a major national health plan with five million lives. The platform also supports massive data growth as Discovery Health Partners approaches petabyte-level claims analysis.
"We've raised the bar for methods in healthcare and benefits cost containment," said Vosters. "Savvy organizations today expect higher standards for transparency, advanced analytics and reporting, and flexible delivery in healthcare recovery."
About Discovery Health Partners
Discovery Health Partners helps organizations reduce and contain healthcare spend through intelligent cost containment solutions. We specialize in technology, services, and solutions for Subrogation, Overpayment, and Information Analytics. Our mission is to help health payers and self-insured organizations produce savings in excess of 10% of annual paid claims by integrating advanced technology, information analytics and improved business process for superior identification and transparency. Working with Discovery Health Partners, clients realize improved recoveries, reduced cost, better control, and new levels of insight. Discovery Health Partners is a division of LaunchPoint, a provider of enterprise-class information-centric services and solutions. Learn more at www.discoveryhealthpartners.com.