Good news for healthcare providers: Total Recovery Solution will soon be offering Personal Injury Protection (PIP) and Medical Payments (Med Pay) coverage to New York customers in a major step towards further streamlining payment recovery for medical providers. Under New York’s No-Fault insurance laws, healthcare providers have several options for seeking compensation for the care provided. A patient’s PIP (Personal Injury Protection) policy and any Med Pay coverage they may have will be supported through the TRS service.
With Total Recovery Solution’s new PIP and Med Pay coverage, providers will be able to submit claims directly to the company for reimbursement rather than having to go through the patient’s insurance carrier. This will save time and money and reduce the risk of denied or delayed claims. However, this support does not guarantee that payment will be remitted, which is why providers in New York will still benefit from working with a New York No-Fault Arbitration Attorney if their claims are denied.
Total Recovery Solution will be rolling out its new PIP and Med Pay coverage to New York customers in the coming months. Interested providers can contact the company for more information.
Understanding PIP and Med Pay
PIP and Med Pay are two types of insurance that can help pay for medical expenses and lost wages if a victim is injured in a car accident, regardless of who is at fault.
Personal Injury Protection (PIP) is a type of insurance that can help pay for a victim’s medical expenses and lost wages if they are injured in a car accident, regardless of who is at fault. PIP coverage is required in New York under the No-Fault insurance laws. Healthcare professionals may find, much like other claims to recover payment for services provided, that getting paid by a patient’s PIP policy can be time-consuming and complex.
Med Pay is another type of insurance that can help pay for medical expenses if a victim is injured in a car accident, regardless of who is at fault. Med Pay coverage is not required by law in New York, but it may be included as part of a driver’s insurance policy. Like PIP coverage, the process of getting paid by a patient’s Med Pay policy can be time-consuming and complex for healthcare providers.
Both PIP and Med Pay can help victims get back on their feet after an accident and are intended to streamline the process for healthcare providers to seek repayment for services rendered in a No-Fault situation. While claims filed with either of these systems may be more straightforward, there is no guarantee that they will be paid out. This is why it is still important for providers in New York to have a No-Fault Arbitration Attorney on hand in case their claims are denied or delayed.
What Does This Mean for Healthcare Providers?
The new PIP and Med Pay coverage from Total Recovery Solution will soon make it easier for healthcare providers in New York to get paid for services rendered in a No-Fault situation. Starting on December 11, 2022, New York PIP will be available in Total Recovery Solution®, and members will be able to use a custom form that is specific to New York’s No-Fault system.
