aequum LLC Announces 2021 Milestone: Achieves 97.2% Savings Off Disputed Charges for 325 Self-Funded Health Plan Partners, Protects & Defends Patients
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CLEVELAND--(BUSINESS WIRE)-- aequum LLC, acting on behalf of 325 self-insured health plans and their participants, has successfully resolved 6,000+ claims – saving over $31 million (97.2%) of disputed charges.
aequum is a first-of-its kind tech-driven company in the complex field of medical billing. Our services are designed to create a competitive advantage by protecting partners, clients and members/dependents against unreasonable and balance-billing medical charges. aequum’s dedicated team of associates coordinates administrative and advocacy services.
aequum’s relationship with Koehler Fitzgerald LLC, a group of highly rated trial and appellate lawyers, ensures claims successfully navigate oft-changing federal and state healthcare regulations. Koehler Fitzgerald LLC attorneys litigate complex medical billing issues and favorably resolve medical bills on behalf of members.
Christine Cooper, CEO of aequum, says, “Our tech-driven team of specialists partners with self-funded health plans, third-party administrators, insurers, medical cost management companies and stop-loss carriers throughout the country, providing administrative and technical support to these partners and legal support to their members. Working together, we are advancing the adoption of reference-based pricing and price transparency solutions to control costs, reduce spending and gain potential savings.”
As its name suggests, aequum, meaning “what is fair and just,” partners with its customers to manage and reduce risk by protecting, advocating and supporting the plans' members and dependents. aequum employs resources and a proprietary database that proactively protect plan members against aggressive out-of-network charges, recover excessive provider payments and shield them from unfair debt collection practices.
Limiting charges to “what is fair and just” reduces participant out of pocket cost sharing (deductibles, coinsurance, etc.). aequum services help plan sponsors manage the cost of coverage, often lowering both employer and participant contributions.
Jack Towarnicky, ERISA counsel, aequum, says, “Currently, there is a lack of medical billing price transparency throughout the healthcare industry. We are agents of change, employing information technology and data-driven solutions to create a competitive financial advantage for our clients by defending medical balance billing claims and recovering overpayments.”
About aequum, LLC
Founded in 2020, aequum LLC serves third-party administrators, medical cost management companies, stop-loss carriers, employer-sponsored health plans and brokers nationwide to protect plan participants, improve employee satisfaction with their health care plans, and generate plan and participant cost savings. aequum LLC helps patients defend medical balance bills and brings savings to employer-sponsored health plans by providing administrative and other services to its partners. In addition, its sister organization, Koehler Fitzgerald LLC, provides legal advocacy to plan participants. Visit aequumhealth.com.
CPR for aequum
201.641.1911 x 14
Source: aequum LLC
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