Details of Settlement
LifeWallet (NASDAQ: LIFW) has announced a new comprehensive settlement with a group of affiliated P&C insurers, following two previous settlements in the past five months. This agreement aims to resolve improperly paid claims affecting the Medicare Trust Fund. Key aspects include:
1. P&C Insurers will provide 10 years of historical data and future claims data.
2. Implementation of LifeWallet's coordination of benefits clearinghouse solution.
3. A 10-year agreement for cooperative resolution of Medicare claims.
4. Cash payment to settle existing historical claims.
Additionally, LifeWallet has completed the first version of its clearinghouse solution through its partnership with Palantir Technologies, enhancing its Chase to Pay model and data analytics capabilities.
1. P&C Insurers will provide 10 years of historical data and future claims data.
2. Implementation of LifeWallet's coordination of benefits clearinghouse solution.
3. A 10-year agreement for cooperative resolution of Medicare claims.
4. Cash payment to settle existing historical claims.
Additionally, LifeWallet has completed the first version of its clearinghouse solution through its partnership with Palantir Technologies, enhancing its Chase to Pay model and data analytics capabilities.
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