With CEOs and CFOs keeping a close watch on rising medical costs, there is new urgency for self-funded employer health plans to evaluate every dollar of healthcare spending. Yet benefits leaders are overlooking one of the most powerful tools they have.
Post-pay reimbursement through subrogation offers plans a way to recover medical expenses they have already paid when another party or insurance policy is legally responsible for those costs. Common instances of subrogation arise from motor vehicle accidents, but they also originate from workers’ comp injuries, slip-and-fall incidents or even medical malpractice.
