Reducing High-Cost Medical Claims Requires High-Powered Negotiations, Expert Strategies and Cost-Containment Solutions

December 24, 2024

The impact of high-cost medical and workers' compensation claims, both in-network and out-of-network -- is astounding. As the nation's payors, TPAs, self-insured employers and stop loss carriers face the challenges of managing these extraordinary expenses, they are also pressured to comply with ERISA and other regulations while ensuring care quality.

Here are some of the staggering facts:
  • Claims exceeding $1 million per million employees have surged by 50% in the last three years.
  • Claims over $3 million have nearly doubled in the same period.
  • The top 1% of medical claims now account for nearly one-third of all medical spending.
Stop-loss claims are largely driven by high-cost categories, collectively representing 72% of claims that drive premium increases:
Top Ten Medical Claims List

This is where H.H.C. Group steps in, offering unparalleled expertise and tailored solutions to help clients tackle even the most challenging claims.

How H.H.C. Group Helps Mitigate the Impact

H.H.C. Group specializes in reducing the financial burden of high-cost claims through a combination of expert claim negotiation powered by advanced technology and AI, independent review and repricing solutions. These services are designed to streamline the claims review process while ensuring fair and balanced outcomes for all stakeholders.

1. Expert-Driven Negotiation

H.H.C.'s skilled negotiators work directly with providers to achieve cost savings, often reducing claim costs by as much as 90%. By leveraging deep industry knowledge and proven strategies, H.H.C. ensures fair pricing while maintaining provider relationships.

2. Comprehensive Independent Reviews

As a URAC-accredited Independent Review Organization (IRO), H.H.C. delivers unbiased evaluations of high-cost claims. This dual clinical and financial review process ensures:

  • Medical necessity is confirmed.
  • Billing accuracy is verified.
  • Compliance with regulations like the No Surprises Act is achieved.

3. Fast Turnaround Times

Time-sensitive claims demand rapid action. H.H.C. completes most claim reviews and repricing within 5–7 days, empowering clients to make timely decisions and minimize administrative delays.

A Success Story: (Placeholder for Client Case Study)

For one client, a self-funded employer in the [placeholder] industry, H.H.C. Group successfully reduced high-cost claims by ($ placeholder), providing essential savings that aligned with the organization's financial goals. This result not only alleviated financial stress but also demonstrated H.H.C.'s ability to deliver measurable outcomes in even the most complex cases.

Why Choose H.H.C. Group?

What sets H.H.C. Group apart is its client-centric approach and commitment to delivering customized solutions. Unlike competitors that rely heavily on automated systems, H.H.C. offers a personalized touch, tailoring strategies to the unique needs of each client.

Key differentiators include:
  • Rapid Turnaround: Faster claim processing to avoid bottlenecks.
  • Proven Savings: A dual focus on reducing costs and ensuring care quality.
  • Regulatory Expertise: Compliance with evolving standards like the No Surprises Act.
  • Scalability: Solutions designed to grow with your organization's needs.

Preparing for the Future

As healthcare costs continue to rise, addressing high-cost claims will remain a priority for organizations striving to balance financial sustainability with quality outcomes. By partnering with H.H.C. Group, clients gain a trusted ally with the expertise and tools to tackle these challenges head-on.

Contact us to learn more about how H.H.C. Group can help your organization reduce healthcare costs and manage high-cost claims.