LAKEWOOD RANCH, Fla., Aug. 3, 2016 /PRNewswire/ -- Today, Care Bridge International announced the launch of its technology based Medicare Set Aside (MSA) solutions through MSP Compliance Bridge, a wholly owned subsidiary of Care Bridge International.
The company was formed in August 2015 by former claim, clinical and data analytic experts, and has a data warehouse in excess of 150 million medical claim transactions and over 2500 Medicare Set Asides previously submitted and approved by the Centers for Medicare and Medicaid Services (CMS).
By applying data science, the company has developed the Analytic-Powered MSA consistent with CMS requirements for Medicare Set Asides. Using simple drop down selections, it delivers a Medicare Set Aside report, instantly.
The Analytic-Powered MSA was developed for:
- Clients desiring the option not to submit an MSA to CMS for review and approval, while ensuring that all the requirements of CMS are fully met for protecting Medicare's future medical recovery rights
- For MSAs which do not meet the CMS work load threshold for review including Medicare beneficiaries with a total settlement less than $25K or a claim with a reasonable expectation of Medicare eligibility within 30 months with a total settlement value of less than $250K
- For Workers Compensation or Liability (general, auto-no fault, third party) claims in which limited or no medical information exists to extract a thorough medical history
- Parties at the settlement table who realize that a MSA has not been produced to protect Medicare, a MSA report can be generated instantly to bring the claim to closure
"We developed the Analytic-Powered MSA to simplify, streamline and reduce the costs of the MSA process, placing the primary payer in control," stated Deborah Watkins, CEO. "In addition, we have an experienced team of Life Care Planners who engage with our catastrophic and complex claims to offer expertise in claim strategy for future medical forecasting."
The company's Traditional MSA incorporates the subjective CMS review practices known to experienced planners. MSP Compliance Bridge's CMS acceptance of MSAs submitted and reviewed by CMS is 96%. The company also offers the full scope of non-group health Medicare Secondary Payer compliance services including Conditional Payment resolutions, CMS Submissions, post settlement MSA account administration support, MMSEA Section 111 reporting, Compliance consultations, education/ training and prescription drug reviews.
Care Bridge International, Inc., offers technology based solutions for complex healthcare issues through a unique, data-centric, coordinated and integrated approach. Analytic-Powered Outcomes™
MSP Compliance Bridge is a wholly owned subsidiary of Care Bridge International, offering data intelligence for Medicare Secondary Payer Compliance.
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SOURCE Care Bridge International