At the heart of TLC are the managed care underpayment
review projects. TLC uses a systematic approach to determine
whether the provider has received the negotiated rate from the
payor. Using a relational database, terms and conditions of
contracts are loaded and zero balance accounts are processed to
calculate expected payment. Comparison reports are run against
actual payments to determine the additional monies owed to the
hospital resulting in "found" money.TLC provides all the rebilling
and follow-up activities related to collecting the underpayments.
The industry standard is between 3-5% annual managed care revenue
that results in underpayments by insurance companies. Previous
projects have exceeded those projections.
Read further to see how TLC can
benefit your facility.