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Most hospitals would likely benefit from third-party liability insurance coverage, says ERI

January 25, 2019 / Jeff Lagasse

Citing dramatically increased costs and concurrent drops in insurance reimbursement, an article published by Emergency Recovery Inc. in its Rev Cycle Quarterly publication laid out a case for most U.S. hospitals to secure third party liability coverage, or TPL, describing what Celler Organization and Celler Law founder Bobbie Celler called the "genesis of a perfect financial storm." TPL reimbursements can recoup as much as 100 percent of charges levied, if handled correctly. And they pay double commercial rates and more than triple governmental plan rates. It's an alternate reimbursement stream that would seem to be a bulwark against bankruptcy and financial ruin.