Leading payment integrity technology platform allows health plans to recover overpayments 50-percent faster
BRENTWOOD, Tenn., Oct. 25, 2022 – Pareo®, the industry’s leading payment integrity platform for health plans, reveals efficiencies and improved claims overpayment identifications and recoveries year-over-year, according to an internal study conducted by ClarisHealth business insights analysts. The study shows that Pareo clients recover overpayments 50-percent faster, increase recoveries 31-percent, and increase identifications 21-percent after the first year of platform adoption.
The study looked at key performance insights across Pareo clients who had used the platform for several years, comparing year-one to year-two performance. According to ClarisHealth, these impacts are significant in an industry that has struggled to quickly address healthcare claims payment accuracy.
Analysts connected the platform’s unique ability to integrate data, digitize processes, scale content management, and automate recovery processes to the increased efficiencies and savings experienced by Pareo’s health payer clients. Analysts were surprised by the level of growth experienced in the timeframe.
“From a data analysis perspective, we consistently look at individual client performance data to help them communicate value. For the first time, we’ve looked deeper into how Pareo impacts clients as a whole,” says Alexandra Bowling, Business Insights Analyst and ClarisHealth. “It was exciting to see such an improvement in a relatively short amount of time. This is the just the beginning of diagnostics to help us better understand optimal payment integrity programming.”