Adaptis to Offer Subrogation Services Through SOCRATES INC.
Strategic Partnership Broadens Service Portfolio and Provides Added Cost Savings for Clients
March 5, 2007
Seattle, WA – Adaptis, a leading provider of Business Process Integration solutions for health payers, today announced that it signed a strategic partnership with Pittsburgh, PA-based SOCRATES, INC., a privately-held subrogation company exclusively focused on the health payer industry. As part of the agreement, Adaptis will expand its claims processing services post claims adjudication with optional subrogation services The proprietary SOCRATES® system and MY SOCRATES® family of software products provide the unique ability to seamlessly import, filter, scrub, identify and fully review, track and manage subrogation case files based upon unique claims diagnosis codes or threshold dollar amounts. Direct legal affiliation assists recovery processes, with client satisfaction assured through Adaptis’ account management oversight, providing seamless integration.
According to Adaptis Vice President of Strategic Partnerships, Nancy Coburn, “Health payers carry the burden of determining whether they’ve paid for a claim for which they weren’t really liable. But generally, they pay rather than deny a member medical care based on incomplete legal information or disrupt a solid provider relationship.” Well-managed subrogation cases often lead to higher recovery rates for the health plan, and inevitably benefit the member as well because the plan’s costs are mitigated. Coburn added, “We are especially pleased to partner with SOCRATES for subrogation services given our mutual exclusive focus on the health payer and expertise in the market.”
“We consider it a privilege to partner with a well-respected organization like Adaptis,” said Paul J. Gitnik, president of SOCRATES, INC. “We know that Adaptis clients will be extremely satisfied with our industry-leading recovery services. With over 15 years of industry knowledge, we brought together the collective minds of our claims recovery specialists, IT, legal and accounting team, to create our own purpose-built application, resulting in a whole new level of outsourcing performance and cost containment ,” he explained. “This will mean recovery rates for Adaptis clients that easily exceed the industry norms.”
