Jun 21 2010
Total Medical Solutions (TMS) has introduced TMS Supply Recovery, a service that identifies and eliminates unnecessary supply costs in workers' compensation claims.
"Payers see a 20 percent reduction in overall spend on supplies with our Supply Recovery program," said Cara Barde, president of TMS. "Specializing in complex and catastrophic work-related injuries gives us insight into the relatively small incremental costs that add up over time." She cited catheters as an example.
An individual who catheterizes six times a day uses 180 catheters per month. The hospital or rehab center may start a patient on a specialized $28 catheter. Once stabilized at home, the claimant could switch to an equivalent product priced at $8.50. If that substitution never occurs, the monthly cost for 180 catheters at $28 each comes to $5,040, compared to $1,530 for the less expensive catheters.
TMS Supply Recovery is a comprehensive program that not only reduces prices, but also decreases utilization, saving payers hundreds of thousands of dollars per year.