October 6, 2014 | By Rey Villar
Strategic Assessment Identifies Opportunities and New Levels of Insight
Ajilitee, a division of LaunchPoint, announces a Cost Containment Checkup and webinar to provide an objective and insightful assessment of a health plan’s cost containment program, including identifying opportunities to increase productivity, maximizing claims recoveries, and minimizing future errors.
“With an average 7.1% error rate on paid claims, few plans have the analytic tools and resources to measure the effectiveness of their efforts, “ said healthcare industry expert, Bill Whittemore, Ajilitee vice president. “Ajilitee’s Cost Containment resources address how plans can utilize time and money wisely while trying to recover as many dollars as possible and minimize future errors. “
On Oct. 15, Whittemore will lead a webinar, “Six steps to measure and improve your claims recovery program,” where participants will learn how to measure claims recovery efforts across a health plan and potentially find millions of dollars in hidden opportunities. The webinar will share how benchmarking and maturity modeling can highlight gaps and growth opportunities, including:
- Why measuring cost containment performance enterprise-wide provides valuable insight that can lead to stronger financial results
- A six-step process for measuring performance of claims recovery areas and vendors
- How one health plan identified opportunities to increase recoveries and savings by $40 million
Additional webinar registration information is available here.
“We’ll explain how we help plans learn to measure and evaluate performance of multiple entities and recovery areas to highlight gaps and growth opportunities,” said Whittemore. “By utilizing our business expertise in payment integrity, plans will understand how to improve their use of people, processes and technologies to improve their claims recovery and cost avoidance capabilities and deliver maximum value.”