Savings Examples
Out-of-Network Specialty Facility
Billed
$173,035
Self-funded group would have paid at 100%
$173,035
TPA referred this claim to MedPic
MedPic negotiated additional savings of $101,900 with 3-day TAT
Group paid out $71,135, for a total savings of 59%
PPO In Network Specialty Facility
Billed
$201,036
After 60% PPO reduction, group liable for $80,414
TPA referred this claim to MedPic
MedPic negotiated additional savings of $43,444
Client paid $36,970, for total savings of 54%
PPO In Network - Major Brain Surgery
Billed
$1,095,924
After PPO discounts, group liable for $584,090
TPA referred this claim to MedPic
MedPic negotiated additional savings of $435,272
Client paid $148,818, a savings of 74%
Workers' Comp - Knee Surgery
Billed
$251,953
Liability according to state fee schedule $190,386
TPA referred this claim to MedPic
MedPic negotiated additional savings of $171,149 beyond fee schedule reduction
Group paid $19,237 for a total savings of 90%
Ongoing Dialysis Contract
Billed
$7,376,748
Self-funded group would have paid at 100%
$7,376,748
TPA referred this claim to MedPic
MedPic proactively negotiated ongoing dialysis contracts at per diem rates as low as $180 for consistent daily revenue
Client paid $3,642,908 for a total savings of 50%
Dialysis patient incurred almost $2M in bills
Billed for 190 claims
$1,923,235
TPA referred this claim to MedPic
MedPic negotiated past claims to save $739,813, plus negotiated a reduced rate for future treatments
Client paid $1,183, 421 for a total savings of 38%
testimonials
From insurmountable to whole
Dear Laurie:
I cannot begin to thank you enough for the work your company did to reduce my out-of-pocket responsibility so drastically.
After undergoing neurological surgery and an eight-month recovery, facing $30M in medical bills was unfathomable and insurmountable for me, to say the least.
I appreciate you working with my insurance company and all of the medical providers and facilities to reduce my responsibility down to zero! Your personal attention gave me peace of mind.
My family and I will be forever grateful that you and MedPic kept us whole financially which has kept us whole in every other way as well.
— Wisconsin CPA
Navigating Mayo backlog
Dear Laurie:
Thank you for your help in the situation of our member who had significant outstanding bills from Mayo Clinic. Your persistence in working over the past year through Mayo’s backlog due to a systems change successfully kept the account out of collections, and helped us identify claims that needed to be reprocessed.
You went above and beyond to help our member navigate the financial assistance process and ultimately saw the amount owed reduced by more than $75K.
Laurie, it has been a pleasure working with you. It is clear to me how much you care about people and want to help them through the work you do. I’m so grateful that we met and that you were able to help our member through this very difficult time.
— Executive, Mid-size TPA