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Member Needs Help With Hospital Bill
Discover how Emry billing experts were able to negotiate a total savings of $31,800 in hospital bills.
A large national professional services and wealth management firm was looking for new and innovative ways to help their employees decrease healthcare costs. While their primary goal was to reduce the burden of medical costs on their employees, they were also looking for ways to enhance their benefits package to address employee satisfaction and attract top talent for their firm.
The Emry team provided a range of services for exchange employer groups that covered the full continuum of healthcare needs – both navigating employees to the right care prior to treatment and providing expert bill review and negotiation services after care. In particular, this employer group had several employees with progressed health issues with complex billing scenarios and large medical liabilities. The CareCost Save solution was utilized to help this segment of their employees with bill review, negotiation and payment plan services to enable significant savings for both the employees and the employer group.
In the first several years of the relationship, the Emry team helped guide and assist 14% of their employees and created more than $750,000 in savings and a 3X return on their investment in the solution.
Additionally, the savings generated for the employer group as a whole were able to offset rising healthcare costs allowing them to maintain premium costs for their employees in a time when other employers were experiencing skyrocketing premiums.
Discover how Emry billing experts were able to negotiate a total savings of $31,800 in hospital bills.
Discover how Emry helped a member apply for hospital financial assistance and successfully secured an 80% reduction, reducing the member’s liability to $25,000.
After a hospital stay, an employee with a MEC plan and no hospital coverage received an unaffordable bill for $77,000. Using Emry’s financial assistance technology, the employee qualified for and obtained hospital financial aid, which covered 100% of the bill. This intervention saved the employee from substantial medical debt, totaling $77,000 in savings.