CALL US FOR
A CONSULTATION

(855) 201-1565

CALL US FOR
A CONSULTATION

(855) 201-1565

What is Subrogation?

Subrogation is a critical concept in the world of insurance and legal proceedings. It refers to the process by which one party, typically a healthcare payer or healthcare plan, steps into the shoes of another party to pursue the right to recover costs or damages incurred. When an insured individual suffers a loss or injury and receives compensation, that provider may exercise subrogation rights to recover the amount they paid from the responsible party or entity. Subrogation serves as a mechanism to ensure that the responsible party bears the financial burden rather than the insurer or provider. It is a fundamental principle that helps maintain fairness and accountability in various fields, including insurance, healthcare, and personal injury litigation.

Healthcare subrogation plays a crucial role in the context of mass tort opportunities, where numerous individuals are affected by a harmful product or event. In this complex legal process, healthcare subrogation refers to the practice of healthcare payers and healthcare plans seeking reimbursement for the medical expenses they have paid on behalf of injured patients.

Recovery Opportunities for Healthcare Payers

Unlocking the Power of Mass Tort Recovery: Maximizing Healthcare Payers’ Savings

In today’s complex healthcare landscape, being a healthcare payer or plan comes with unprecedented challenges. Rising costs and increasing complications strain budgets, resulting in reduced benefits and higher expenses for plan participants. Unfortunately, traditional methods and models often fail to effectively identify and recover the high-cost medical expenses incurred from defective medical devices, dangerous pharmaceuticals, and toxic chemicals. By overlooking these mass tort recovery opportunities, healthcare payers and plans unknowingly relinquish their right to save significant sums of paid claims dollars.
READ MORE

Opportunities for Self-Insured Plans

Harnessing the Power of Subrogation: Strengthening Self-Insured Healthcare Plans

In the realm of employer and union-provided health benefits plans, a valuable tool often lies dormant – the right of subrogation for mass tort recoveries. This powerful provision empowers a plan to seek reimbursement for medical expenses provided to an employee or participant when that individual receives a personal injury recovery from a third party. These subrogation provisions and the rights bestowed upon health benefit plans, governed by the Employee Retirement Income Security Act (ERISA), provide a solid foundation for maximizing recoveries.
READ MORE

Opportunities for Fully Insured Plans:

Unlocking Recovery Potential: Maximizing Fully Insured Healthcare Plans’ Opportunities

State laws that govern insurance and may impose limitations on fully insured plans’ recovery rights encompass various doctrines and statutes, including the made-whole doctrine, the common fund doctrine, and anti-subrogation statutes. While these laws may impose certain restrictions, many states still provide favorable subrogation rights for fully insured plans. Although non-ERISA plans do not benefit from the preemption afforded by the Employee Retirement Income Security Act (ERISA), and may therefore be subject to state laws, significant potential mass tort recovery opportunities may still be recovered. By harnessing the power of Healthcare Recovery Solutions’ patented cost containment platforms, fully insured plans can effectively identify and recover medical expenses.
READ MORE
GET IN TOUCH
Phone-alt

HRS does not provide legal services. Entering into a contract with HRS does not create an attorney-client relationship. For legal advice relating to any potential claims identified by HRS, an attorney must be consulted.

(855) 201-1565

220 Lake Drive East
Suite 101
Cherry Hill, NJ 08002

(855) 201-1565

© 2022 HRS Recovery. All Rights Reserved.
Designed by Sagapixel.

Recovery Opportunities for Healthcare Payers

Unlocking the Power of Mass Tort Recovery: Maximizing Healthcare Payers’ Savings

In today’s complex healthcare landscape, being a healthcare payer or plan comes with unprecedented challenges. Rising costs and increasing complications strain budgets, resulting in reduced benefits and higher expenses for plan participants. Unfortunately, traditional methods and models often fail to effectively identify and recover the high-cost medical expenses incurred from defective medical devices, dangerous pharmaceuticals, and toxic chemicals. By overlooking these mass tort recovery opportunities, healthcare payers and plans unknowingly relinquish their right to save significant sums of paid claims dollars.

While subrogation models have long played a crucial role in cost containment for expenses resulting from accidents, they often fall short in the realm of mass tort recovery. It is imperative for today’s healthcare payers and plans to proactively pursue these opportunities to meet the growing pressure of cost containment while safeguarding their recovery rights.

The most complex and costly medical expenses frequently arise from unsafe prescription drugs, defective medical devices, and toxic chemicals. Absorbing these expenses strains healthcare budgets, placing an unnecessary burden on payers and plans. Yet, few possess the necessary expertise or resources to effectively identify and pursue these intricate recovery opportunities.

At Healthcare Recovery Solutions, we offer a patented mass tort cost containment and recovery software that empowers healthcare payers and plans to expand their cost containment recovery opportunities. Our state-of-the-art platform is utilized by industry leaders, integrating seamlessly into existing environments to better identify and pursue high-cost recovery opportunities associated with mass torts and cases of fraud, waste, and abuse. Our proprietary technology harnesses the power of data, enabling healthcare payers and plans to achieve substantial savings.

In this challenging era, Healthcare Recovery Solutions puts the power of mass tort recovery in the hands of healthcare payers and plans. Unleash the potential of your cost containment efforts and reclaim the savings you deserve.

Opportunities for Self-Insured Plans

Harnessing the Power of Subrogation: Strengthening Self-Insured Healthcare Plans

In the realm of employer and union-provided health benefits plans, a valuable tool often lies dormant – the right of subrogation for mass tort recoveries. This powerful provision empowers a plan to seek reimbursement for medical expenses provided to an employee or participant when that individual receives a personal injury recovery from a third party. These subrogation provisions and the rights bestowed upon health benefit plans, governed by the Employee Retirement Income Security Act (ERISA), provide a solid foundation for maximizing recoveries.

However, to fully leverage the potential of these rights, self-funded healthcare plans must identify mass tort recovery opportunities effectively. With Healthcare Recovery Solutions’ cutting-edge and patented cost containment and recovery platforms, self-insured plans can elevate their recovery efforts to new heights. Our state-of-the-art technology enables the identification of recovery opportunities stemming from dangerous pharmaceuticals, defective medical devices, toxic chemicals, as well as cases of fraud, waste, and abuse.

By working with our team, self-insured healthcare plans can strengthen their position and enhance recoveries related to medical expenses. Unleash the potential of subrogation and proactively safeguard your plan’s financial well-being.

Opportunities for Fully Insured Plans

Unlocking Recovery Potential: Maximizing Fully Insured Healthcare Plans’ Opportunities

State laws that govern insurance and may impose limitations on fully insured plans’ recovery rights encompass various doctrines and statutes, including the made-whole doctrine, the common fund doctrine, and anti-subrogation statutes. While these laws may impose certain restrictions, many states still provide favorable subrogation rights for fully insured plans. Although non-ERISA plans do not benefit from the preemption afforded by the Employee Retirement Income Security Act (ERISA), and may therefore be subject to state laws, significant potential mass tort recovery opportunities may still be recovered. By harnessing the power of Healthcare Recovery Solutions’ patented cost containment platforms, fully insured plans can effectively identify and recover medical expenses.

Through the utilization of our innovative technology, healthcare payers can unlock the potential for substantial recoveries. Healthcare Recovery Solutions empowers these plans to navigate the intricate landscape of state regulations, ensuring that recovery opportunities are not missed. Enhance your plan’s financial stability by proactively identifying and pursuing mass tort recovery opportunities with confidence.

GET IN TOUCH

Thank you for your message.
We will be in touch soon.