AANA announced July 28 that it has officially joined Comp Recovery, Inc. (CRI) in an exclusive partnership. The established partnership will give AANA members a trusted resource to utilize when recovering lost revenue and billing workers’ compensation. In turn, CRI will gain an opportunity to present various educational sessions focusing on coding, billing and revenue cycle management. Additionally, the partnership will lay the groundwork for AANA members to better understand the right general processes and procedures for workers’ compensation.
Orthopaedic practices, including private, hospital-based and academic, are facing declining reimbursement for their services; with many Orthopaedic Surgeons reaching a critical mass of work and striving to maximize their ability to increase areas of revenue, the workers’ compensation revenue cycle is more important now than ever before. While workers’ compensation only makes up a small percentage of the provider’s payer mix, the cases result in underpayments, delays in payment and lost revenue, ultimately leading to a source of frustration for medical providers. This is where CRI comes in – their cutting-edge technology mixed with a team of compensation recovery experts recovers the revenue Orthopaedic Surgeons are entitled to.
The partnership will provide an additional practice management resource to AANA members by opening opportunities to attend educational sessions based on workers’ compensation and revenue recovery.
"We are pleased to be associated with AANA in an established partnership," stated Patrick Malecky, CRI Chief Revenue Officer. "This relationship allows us to offer our workers’ compensation best practices to AANA members, and provide them a partner to help aid them in the recovery of previously lost revenue due to the complexities of navigating payers and third party agencies."
"Our partnership with Comp Recovery is one our members will greatly benefit from," added Laura Downes, CAE, AANA CEO. "Practice management is an area AANA has been looking to expand, and I look forward to seeing all the potential avenues this newly established relationship will take us in 2020 and beyond."
Comp Recovery, Inc. focuses on recovery of improperly paid workers’ compensation medical balances through relationships with insurance companies, TPAs, PPOs and repricing companies. Our staff consists of highly qualified professionals with the experience and know-how to navigate the maze of regulations and laws governing workers' compensation. We are recognized throughout the medical industry as a leader in the recovery field and a champion for the rights of healthcare providers to receive proper worker comp reimbursements. For more details, please visit www.comprecoveryinc.com
AANA is an international professional organization of more than 5,500 Orthopaedic Surgeons and other medical professionals who are committed to advancing the field of minimally invasive orthopaedic surgery to improve patient outcomes through education, research and advancement.