SRP - Strategic Recovery Partnership | Recovery e-News
3Q-2009 | Subrogation Insights for TPA’s, stop loss carries & health plans Subrogation Insights for TPA’s, stop loss carries & health plans
TOP STORY | TPA Client Leverages SRP for Large Malpractice Recovery - Medical malpractice cases can present huge subrogation claim recovery opportunities for health plans. During a quarterly health claim data review for a third party administrator (TPA) client, SRP uncovered an almost-missed medical malpractice opportunity. SRP entered the case for their TPA client and positioned the Plan as a plaintiff in the action against a physician and hospital. Due to SRP’s quick action, the Plan was able pursue the recovery opportunity and ultimately collect.
THE SRP OPPORTUNITY. Many payers and administrators pend/deny claims upon receipt of accident information and can therefore identify potential subrogation cases as part of their claims process. For them, paying a partner to perform that function becomes costly and redundant. Other payers intentionally process without preliminary investigation and require a claim data review to identify recovery opportunities. Strategic Recovery Partnership (SRP) delivers both approaches that integrate with client preferences, and consistently achieves a proven revenue stream for health claim payers. SRP has recovered more than $100M for self-funded plans alone and represent over 35 claim-paying clients. -Toll-free: 1.888.679.5SRP (5777) | Turning subrogation into a real positive since 1993
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