Care Bridge International Announces Analytic-Powered Medical Reserve/ Forecasting Tools for Medical Claims Payers
LAKEWOOD RANCH, Fla., Nov. 29, 2016 /PRNewswire/ -- Today, Care Bridge International announced the launch of its technology based Future Medical forecasting tools.
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The company was formed in August 2015 by former claim, clinical and data analytic experts, and hosts a data warehouse with an excess of 150 million medical claim transactions, nationally.
By applying data science, the company has developed the Medical Reserve Calculator and the Analytic-Powered Medical Reserve. Using simple drop down selections, the Medical Reserve Calculator generates a quick future medical forecast to validate or quantify future medical exposure. The Analytic-Powered Medical Reserve incorporates comprehensive line item future care detail in report format, instantly.
"We developed flexible medical reserve tools in response to our clients' seeking to improve upon the accuracy of the critical and difficult task of medical claim reserving. Using predictive modeling, our medical reserve tools produce objective, reliable and consistent results to predict and manage future medical costs, instantly," stated Deborah Watkins, CEO. "In addition, we have an experienced and leading team of Certified Life Care Planners who engage with catastrophic and complex claims, leveraging the power of data analytics, to offer expertise in claim strategy, access, quality and cost containment of future medical care."
Care Bridge International's technology based future medical calculations can be utilized for Workers' compensation and liability (general, auto, no-fault) claims, medical malpractice or chronic disease/ disability populations involving group health, Medicare or Medicaid claims. Software calculations include medical treatment and supplies, as well as prescription drugs and are aligned with the appropriate state fee schedule, contracted rates, bundled payments or usual and customary pricing.
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SOURCE Care Bridge International