MedEx Review
MedEx Review is a research and consulting service that analyzes medical bills for over-charges by providers and underpayments by insurance companies. The increasing burden of healthcare costs, whether the patient is covered by medical insurance or not, has become a party to the national health care crisis.
The cost of healthcare has been increasing faster than the rate of inflation for years. By 2015, the government projects that one in every five dollars spent in the U.S. will go towards medical expenses. The insured and uninsured Americans are faced with a billing system that puts the well being of hospitals, insurance and drug companies above themselves. How did this happen? It is truly a vicious cycle. Insurance shields consumers from the actual cost of care, which allows hospitals to charge higher prices. In turn, the insurance companies just raise the premiums and consumers and companies are faced with higher prices.
National reports show that over 90% of medical bills contain errors. I can assure you that these errors are not in your favor. These errors and overcharges add up to over $10 billion annually. For most companies, medical benefits account for 40 to 60% of their annual expenses with an average yearly expense of $6,000 per employee.
Most people do not receive an itemized statement showing what they are being charged for. If you went to a grocery store and you were handed a receipt that said produce $30.00, meat $50.00, dairy $20.00 with a total of $100.00 would you accept it? Why then do we accept it from medical facilities? If you did get an itemized statement, you would be amazed at some of the items for which you are paying outrageous amounts such as:
 | Disposable Mucous Recovery System - a box of tissue - $21.00 |
| Fog Reduction Elimination Device - a 2x2 inch gauze used to wipe moisture or fog off optical lenses of operating room equipment - $57.00 |
| Oral Administration Fee - the fee charged every time the nurse hands you a pill in a little white cup, does not include the medication. Just the cup is $8.00 |
You may also find:
| Keystroke errors - a coder might put 11 instead of 1 |
| Charges for supplies, medication or equipment that you did not receive |
| Charging individually for services that were bundled together and already charged |
There are many more examples that are hidden in your bill, but not identified because of codes, abbreviations and medical language. It does not matter how these errors occur, they continue to increase healthcare costs.
Consumers find medical bills just as confusing as doing their taxes. We are here to help you. Our intensive medical bill review is more in depth than most external and internal auditing procedures. Our review focuses on each and every line item on your itemized medical bills. We know the processes and codes that are used by medical providers.
Our Services
Review of healthcare provider bills to ensure accuracy.
Verify that your insurance payments are correct.
Contact your healthcare providers and insurance companies to resolve billing issues.
Negotiate with healthcare providers for any outstanding balances.
Our Clients
Individual Consumers
Self Insured Corporations
Insurance Companies
Third-Party Administrators (TPAs)
Attorneys
The mission of MedEx Review is
to promote fair and reasonable medical billing practices to all individuals and
companies.
We believe that no one should pay more than what is actually owed when compared
to the Federal billing guidelines.
For more information or a free consultation please contact us at:
MedEx Review
P.O. Box 325
New Hampton, IA 50659
Phone: 641-394-5800
Fax: 888-495-5128
Email:
medex@myclearwave.net
