Navigation Links
Rockford's CRC Celebrates Two Years with Continued Rapid Growth Recovery of Unpaid Hospital Bills; Good Business in a Bad Economy
Date:10/24/2009

Consumers benefit from CRC's success at holding employers and insurance companies accountable for contracted bill payments to healthcare providers under a little known or understood, but mandated federal law called ERISA.

Rockford, IL (PRWEB) October 23, 2009 -- Millions of American workers struggling to pay their medical bills may not even be liable for them, according to a fast-growing private company in Illinois.

Celebrating its two year anniversary, Rockford-based CRC (Claims Recovery Company) diligently works to analyze denied claims and recover funds owed to hospitals by employer benefits packages.

The swift and solid growth CRC has seen during its short lifespan comes as no surprise to its founders. Chief Executive Scott Winslow, a former hospital CEO, understands the system--and the loopholes--which big insurance companies exploit. "Literally millions of dollars--perhaps billions--go unpaid because of denied claims from insurance companies. Many of these dollars are clearly payable by employers under the Employee Retirement Income Security Act (ERISA) of 1974," Winslow explains.

CRC's experts identify improperly denied bills through a complex process of research, review and application of federal laws. They have successfully resolved thousands of unpaid insurance bills totaling millions of dollars all over the U.S. since their start just two years ago. With over 170 million American workers covered by such plans, the potentially recoverable funds are staggering. Adds Winslow, healthcare reform is sure to add millions more workers to the pool.

Winslow cites data from the American Hospital Association that estimates the average payment to hospitals at about 35 cents paid for every dollar billed. "That's about $2 unpaid for every dollar that is paid," he said, adding, "The worst of these stories are the ones where the patient ends up losing everything they own trying to pay their healthcare bills."

In fact, Harvard University recently released a study stating that medical problems contributed to over 60% of all personal bankruptcies in the U.S. in 2007. CRC finds that health insurance companies frequently dispute their responsibility for bill payment and often, simply don't pay. These disputes can go on indefinitely. The unpaid charges with demand for payment can appear in the patient's mailbox even years after treatment.

Winslow credits his staff's unique depth of ERISA knowledge as the reason for the company's rapid growth in a slow economy. CRC seeks out specialists from the health care finance arena who have become experts in these complex federal regulations and laws.

"Employer based insurance is shorthand for ERISA," Winslow explains. "It is the employer who promised to pay the lion's share of their employees' health bills, usually 80 percent. The insurance company is the plan administrator." The explanation of benefits from the insurance company is daunting for people unfamiliar with the lingo. Many see the large dollar amounts and just freeze; the numbers can be shocking.

While CRC does not work directly with consumers, its resolution of claims for hospitals and other providers is really on behalf of the patient.

Companies competing for talent offer good health benefits. According to Winslow, "Any promise made to a worker is called a benefit. ERISA law states that if a company makes a promise of a benefit to a worker and breaks the promise, they may have violated the law and could be subject to penalties, including fines and even jail.

Winslow advises anyone covered by an employer plan to check with their Human Resources department to make sure that all benefits under ERISA were received on disputed medical bills. "Or just go to a hospital that uses CRC, and we will do it all for you," he quipped.

About CRC: CRC (www.crcclaim.com) was founded in Rockford, Illinois in 2007. CRC conducts a detailed analysis of denied claims and appeals bad debt health insurance claims (up to six years old) under federal ERISA law as a patient advocate. CRC is headquartered in Rockford and serves hospitals and other providers throughout the United States.

###

Read the full story at http://www.prweb.com/releases/2009/10/prweb3042634.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved

Related medicine news :

1. Dr. Paul Bandt Celebrates 35th Anniversary With Desert Radiologists and a History of Healthcare in Las Vegas
2. LOreal Paris Celebrates Ten Years of Hope and Healing
3. CIGNA Group Insurance Celebrates Return to Work Success During National Rehabilitation Awareness Week
4. Wyeths Pearl River, N.Y. Facility Celebrates 100 Years of Achievements in Health care
5. Filtrona Fibertec Ningbo, China Plant Celebrates Expansion
6. CVS Caremark Celebrates American Pharmacists Month by Thanking Its 20,000 Pharmacists
7. The G&P Foundation Celebrates 10 Years of Funding Life Saving Research at The 2007 Angel Ball Honoring Glenda Bailey, Debra L. Lee, Dr. Stephen D. Nimer and the Late H.H. Sheik Zayed Bin Sultan Al Nahyan
8. BIDMC Dyslexia Research Lab celebrates 25th anniversary
9. Oral Health America Celebrates National School Lunch Week
10. Jane Fonda and Bright Starts(TM) Celebrates Pink Power Moms at Susan G. Komen for the Cure Pink Tie Ball
11. U.S. Celebrates National Home Care and Hospice Month in November
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs surgery ... of Mohs Surgery and to Dr. Russell Peckham for medical and surgical dermatology. , ... for skin cancer. The selective fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... First ... United States, named Dr. Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell ... facility Medical Director of our new Mesquite location,” said Dr. James M. Muzzarelli, Executive ...
(Date:6/25/2016)... , ... June 25, 2016 , ... On Friday, June ... a Bronze Wellness at Work award to iHire in recognition of their exemplary accomplishments ... of the 7th annual Maryland Workplace Health & Wellness Symposium at the BWI Marriott ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Those who have ... these feelings, many turn to unhealthy avenues, such as drug or alcohol abuse, as ... Michigan, has released tools for healthy coping following a traumatic event. , Trauma sufferers ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... Sessions in Dallas that it will receive two significant new grants to support ... as PHA marked its 25th anniversary by recognizing patients, medical professionals and scientists ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... SYDNEY , June 26, 2016 One of ... , has announced the formation of a new biotechnology company, Noxopharm ... raise $6m in an IPO and to list on the ASX. ... drug candidate, NOX66, ready to enter a Phase 1 clinical study ... been designed to address one of the biggest problems facing cancer ...
(Date:6/26/2016)... 2016 Jazz Pharmaceuticals plc (Nasdaq: ... Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), ... Inc. ("Celator"; Nasdaq: CPXX ) expired effective ... As previously announced on May 31, 2016, ... agreement under which Jazz Pharmaceuticals has commenced a tender ...
(Date:6/26/2016)... , June 27, 2016  VMS Rehab Systems, ... Board will take whatever measures required to build a ... stock which is currently listed on the OTC Markets-pink ... Company Chairman and CEO, "We are seeing an anomaly ... to understand, not only by the Company, but shareholders ...
Breaking Medicine Technology: