Navigation Links
New Software Makes Lawyers Accountable for Their Part in Our Healthcare Crisis
Date:7/7/2009

RICHMOND, Va., July 7 /PRNewswire/ -- "It's time for Plaintiffs' attorneys to do their fair share in helping our healthcare crisis, and we are making that happen," says Stephen Ambrose, CIO of the SubroShare(R) data exchange.

SubroShare is a startup healthcare IT company which utilizes Collaborative Subrogation(TM), a technology predicated upon a common activity known as a request for a patient's health record. This transaction typically takes place between a health provider's office and an attorney, representing an injured party, who had received care from the provider. Such record requests are an everyday necessity, aiding attorneys in substantiating and in part valuing the amount of monies asked for in a lawsuit or injury claim. Such claims are a large part of an estimated $241 billion-per-year industry.

Even though a patient's health services had been paid by their health insurance, under the law in most states, the attorney has the right to bill the services again to the party they are suing -- and at full rates. This "double-dipping," or duplicate billing and payment on health services, greatly increases the cost of health insurance payments, resulting in a passing along of costs in policyholder premiums.

In order to combat such duplicate payments, many insurance plans have a legal right known as subrogation, which allows a plan to recover their payments if the patient recovers a significant amount of money in a successful injury claim settlement. However, due to the use of prior mediocre data, such overpayments have been very difficult to find for insurers. Moreover, attorneys generally have no obligation to notify the health insurer, even if they do know the patient's policy should be repaid.

The patent-pending data exchange of SubroShare now identifies many missed claims by receiving part of a records release from a health provider who is a member of SubroShare.

The data given to the network identifies the patient, their attorney and health insurance company of the patient. The patient's retaining of a legal firm denotes an extremely high likelihood of an injury claim filing and that there is a legally responsible third party. No such database exists today because most injury claims are settled privately.

After collecting a portion of the data, SubroShare creates a Certified Recovery Report(TM), which is a new medium designed to replace today's recovery software, which generate non-specific leads from patient claims data. SubroShare predicts that by having providers and insurers working collaboratively, today's recovery software will eventually go the way of the dinosaur, in time being replaced by Certified Recovery Reports.

SubroShare has three types of members: health providers and hospitals, information vendors and health insurers throughout the country.

The company has positioned its data exchange to be a free-to-search add-on tool, allowing insurers to keep their existing recovery software, operations and vendors -- only paying for unique recovery opportunities they have missed. It's web-based and has no joining, update or support fees.

You can learn more at http://www.subroshare.com.

    CONTACT:

    Stephen Ambrose, CIO
    SubroShare(R)
    Phone -- (804) 750-1389
    Email -- s.ambrose@subroshare.com
    Webpage:http://www.subroshare.com

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.


'/>"/>
SOURCE SubroShare
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. TrainingPeaks Selected As "Official Training Software" Of Bike MS And Joe Friel Selected As The "Official Coach"
2. Cancer Roadmaps Chooses Tableau Software for Consumer Access to Online, Interactive Dashboards for Cancer Patients
3. Hyland Software Acquires Valco Data Systems
4. InfoWallet, A New Innovative Secure, Portable, Multi-Platform, Personal Life Manager Software Is Now Available
5. Lightspeed Releases the New DepthQ(R) Family of Stereoscopic HD Video Software
6. Web-based Scheduling Software is the New Online Shopping Cart for Services
7. Largest Software Release in HMS History Now Generally Available
8. Redesigned Corporate Identity and nowEDC Software Upgrade Reflect Datatrials Commitment To Stress Free Study Delivery
9. Market Research Firm Cites Oracle as Top Software Vendor for the Life Sciences Industry
10. e-Zassi.com(TM) Specialized Software Systems for the Medical Device Industry Named by LifeScience Alley(R) As Preferred Provider
11. Windows 7 Compatible Remote Desktop Software Released (Beta 4)
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2016)... ... February 09, 2016 , ... ... businesses recover after a disaster, announced today the acquisition of Hawaii DKI. Hawaii ... , “Investing in like-minded companies who excel at service and response ...
(Date:2/9/2016)... ... February 09, 2016 , ... Cirracore Enterprise ... enterprises move workloads to the cloud. Cirracore provides a secure VMware® vCloud ... traversing the Internet. Transformation Solutions (TSL Partners) provides a full range of ...
(Date:2/9/2016)... VA (PRWEB) , ... February 09, 2016 , ... On ... The family scheduled an appointment after they noticed their furnace not producing any heat. ... cracked heat exchanger. The cracked heat exchanger was leaking dangerous levels of carbon monoxide ...
(Date:2/9/2016)... ... February 09, 2016 , ... ZipHearing.com ... access to affordable hearing aids , increase industry transparency, and promote awareness ... United States. , “For the average consumer, the hearing aid industry is esoteric ...
(Date:2/9/2016)... ... February 09, 2016 , ... United Methodist Communications collaborated with ... an animated video designed to prevent the next widespread Ebola outbreak ... are being distributed throughout Togo, Liberia, Sierra Leone, Nigeria, Côte d’Ivoire and other ...
Breaking Medicine News(10 mins):
(Date:2/9/2016)... , Feb. 9, 2016  Johnson & Johnson (NYSE: ... Markets Global Healthcare Conference on Tuesday, Feb. 23, at ... Dominic Caruso , Vice President, Finance & Chief Financial ... will represent the Company in a session scheduled at ... --> www.investor.jnj.com . --> This ...
(Date:2/9/2016)...  The Parenteral Drug Association, Inc. (PDA), the ... sterile drug products, today announced the publication of ... With link to Comparison Spreadsheet. The document ... FDA, the EU, the Pharmaceutical Inspection Convention/Scheme and ... --> PDA,s Global Sterile Task ...
(Date:2/8/2016)... 2016 Aesthetic Devices - Medical Devices Pipeline ... report, "Aesthetic Devices - Medical Devices Pipeline Assessment, 2015" ... stage. This report is prepared using ... by GlobalData,s team of industry experts. *Note: Certain ... based on the availability and relevance of data in ...
Breaking Medicine Technology: