LJB will process 3-6 months of already paid claims to prove the value of ARMOR. This Proof of Concept approach both exploits overpayment issues that ARMOR will prevent going forward and provides a benchmark of savings and ROI that ARMOR achieves on a monthly basis.
Every proof of concept and production claim code editing that ARMOR performs has shown a 2%-6% savings even with claims that were previously scrubbed by other licensed claims scrubbing tools. Even if our proof of concept only found 2% error rate on paid claims, that could equate to $7.00 to $10.00 on a PE/PM basis.
Our Proof of Concept is fast and easy. Just send us a 3-6 month date range of paid claims that are de-identified or not and LJB will turn that around ASAP to report medical coding errors that cause overpayments. This is the best way to know what your overspend rate is and how we can help prevent perpetual overspending.