finHealth

finHealth specializes in identifying and recovering payment errors in medical claims for self-insured employers. Utilizing advanced analytics, finHealth’s approach aims to optimize healthcare expenditures by ensuring accuracy in claims processing, thereby directly reducing unnecessary financial burdens on employers and their health plans.

• Significant Cost Savings: finHealth has demonstrated the ability to consistently reduce healthcare costs for self-insured employers by identifying and rectifying errors in medical claims processing. Their analysis shows that clients could potentially save over 30% on annual medical services spending through consistent pricing and error correction.
• High Recovery Rate: Within a five-month period, finHealth’s program detected errors amounting to 2% of their client’s spending, which is significant considering the National Health Care Anti-Fraud Association estimates that 3% of all healthcare spending is due to fraud. This highlights finHealth’s effectiveness in identifying and correcting costly errors and fraud.
• Contingency-Based Revenue Model: finHealth’s unique business model, where compensation is based solely on the recovery of overpayments, aligns their success directly with the financial benefits realized by their clients. This model not only incentivizes thorough and diligent audits but also ensures transparency and trust in their services.