In a recent New York Times article, it was pointed out that recent surveys and analysis of hospital date indicates that there are huge cost and billing differences between hospitals on what are essentially the same services. What accounts for these often times 400% differences in medical billing for services and what is the impact for trial lawyers looking to resolve medical liens and payments for their claimants?
Arthur Chapman, a member of the Structured Settlement Expert Directory and the listed expert for Mississippi and Tennessee, is also one of the principals of Cost Containment Express, a Memphis, TN based firm that specializes in individual medical bill negotiation with hospitals, medical providers and others who bill on casualty injury claims. His firm, which works in lien resolution for lawyers, is unique in it's individual approach on each case and claim. He joins Scott Drake of http://www.legalbroadcastnetwork.com to look at the findings of the NY Times article, what lawyers and others can learn from these statistics and how consumers, lawyers and others can be better prepared for negotiations on medical bill payment issues.
The issue of lien resolution, cost containment and negotiation of medical costs is a hot topic in legal and settlement circles and this recent disclosure of what was widely suspected, that costs can have huge differences between providers, is one more bit of evidence that professional lien administrators must be part of every law firms team.