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Beech Street Corporation Launches Fee Negotiation Program
About Beech Street Corporation
Beech Street Corporation has over 52 years of qualified service in the healthcare industry and has a network of over 358,000 respected doctors, 3,400 hospitals and over 50,000 ancillary network providers.
Beech Street provides services such as nationwide network access, URAC accredited and NCQA (National Committee for Quality Assurance) certified healthcare management services, a Disease Management program and a Workers' Compensation program.
For more information, contact Beech Street Corporation at (800) BEECH-ST or visit www.beechstreet.com.
Program Provides Out-of-Network Cost Containment Solution
March 29, 2004.
Beech Street Corporation, the nation's leading independently owned Preferred Provider Organization (PPO), announced today the launch of a Fee Negotiation program aimed at containing and reducing out-of-network claims costs.
Beech Street's Fee Negotiation program is being offered as a result of a strategic agreement with National Care Network (NCN), a Grapevine, Texas based organization, and grants Beech Street clients access to industry leading out-of-network cost containment services through a jointly developed delivery model.
The program was developed as a direct response to claims payors' escalating focus on the ten to twenty percent of medical claims that fall outside of the traditional PPO network, the lack of PPO price controls on out-of-network provider billing, and patient fallout as a result of out-of-network provider balance billing. Participants can realize savings of up to 25% on their out-of-network claims costs by using Beech Street's Fee Negotiation program.
"Our consistent approach to providing value-added cost containment programs exemplifies our commitment to delivering quality healthcare that meets our clients' financial objectives," said Bill Hale, President and CEO of Beech Street Corporation.
Combining state-of-the-art technology and highly trained claim analysts, Beech Street's Fee Negotiation program helps clients avoid paying unreasonable charges on their out-of-network claims. Claims meeting a mutually agreed upon threshold are analyzed for upcoding, unbundling, overcharges or suspected fraudulent activity. A designated team of medical, billing and coding professionals further evaluates each claim and contacts providers directly to discuss any detected billing, coding or pricing issues. A signed agreement is secured on each negotiated discount to ensure the insured or claims payor is not balance billed.