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NEWPORT BEACH, Calif., March 2, 2021 /PRNewswire/ -- No World Borders, Inc. announced patent-pending technology and services to reduce the cost of medical care.
Michael Arrigo, healthcare data, regulatory and economics expert in medical coding and billing, HIPAA Privacy and Security, Electronic Health Records, health care intellectual property
Michael F. Arrigo, C.E.O. of No World Borders, said, "Over 75 million Americans have healthcare coverage from an employer self-insured health plan. Employer fully funded plans cover nearly an equal number of Americans. As a result, employers are in the healthcare business. They should have data, tools, and technology to drive cost savings." Arrigo continued, "Our research indicates that up to one-third of the $billions in medical costs to employers are caused by injuries that are the result of a third-party cause. Using our patent-pending process, analytics, and expert medical bill review, self-insured healthcare purchasers can avoid paying for medical costs that is someone else's responsibility. Third-party administrators of ERISA self-insured plans do not always have the tools to evaluate third-party liability, which, if pursued, could significantly reduce the ERISA plan's costs. These solutions are also valuable for fully-funded plans, automobile, and property and casualty insurers."