Medical cost containment, NY Times shines light on medical billing issues

In a recent New York Times article, it was pointed out that recent surveys and analysis of hospital date indicates that there are huge cost and billing differences between hospitals on what are essentially the same services. What accounts for these often times 400% differences in medical billing for services and what is the impact for trial lawyers looking to resolve medical liens and payments for their claimants? 

Arthur Chapman, a member of the Structured Settlement Expert Directory and the listed expert for Mississippi and Tennessee, is also one of the principals of Cost Containment Express, a Memphis, TN based firm that specializes in individual medical bill negotiation with hospitals, medical providers and others who bill on casualty injury claims. His firm, which works in lien resolution for lawyers, is unique in it's individual approach on each case and claim. He joins Scott Drake of to look at the findings of the NY Times article, what lawyers and others can learn from these statistics and how consumers, lawyers and others can be better prepared for negotiations on medical bill payment issues. 

The issue of lien resolution, cost containment and negotiation of medical costs is a hot topic in legal and settlement circles and this recent disclosure of what was widely suspected, that costs can have huge differences between providers, is one more bit of evidence that professional lien administrators must be part of every law firms team.

Arthur Chapman of Cornerstone Settlements discusses the impact of Medicare and Medicaid issues in settlement planning

In this video interview on Speaking of Settlements, the weekly show dedicated to profiling topics of interest to structured settlement professionals nationally, we are joined by Arthur Chapman of Cornerstone Settlement Services to discuss his firm and the issue of MSA accounts, Medicaid and Medicare planning in settlement negotiations and plans.

Few areas impact settlement planning and settlement negotiations more profoundly than governmental benefits, medical liens and future medical care planning. In most settlements you find injured parties who are impacted in some fashion by these state and federal medical programs and knowledge of how they can help or hinder planning.

Arthur is based out of Memphis, TN and is the listed expert for structured settlement planning and structured settlement annuity work in that state and region. As this video illustrates, if you are looking for a top structured settlement expert in the state of Tennessee or Memphis region, Cornerstone Settlements and Arthur Chapman would be the firm to call. Please check out his profile on The Structured Settlement Expert Directory if you are in TN and are looking for assistance on your structured settlement questions.

Arthur Chapman designated as Structured Settlement Expert for Tennessee

The Structured Settlement Expert Directory is pleased to announce that Arthur Chapman, a partner in Cornerstrone Settlement Services has been appointed as the listed expert for structured settlements in the State of Tennessee.

Arthur has worked as a structured settlement consultant for eight years and is a partner in Cornerstone Settlement Services, an affiliate of Summit Structured Settlements of Des Moines, IA. Located in Memphis, TN, he serves clients through out Tennessee and surrounding region, bringing the necessary expertise to the settlement planning process to maximize the value of the settlement to the client and to safely navigate the ever more complex labyrinth of regulations that must be addressed.

Arthur Chapman, The Tennessee structured settlement expert

Arthur Chapman, The Tennessee structured settlement expert

Arthur and Cornerstone offer services to plaintiff attorneys and their clients at a critical juncture in their lives, one which has come about unexpectedly and for which they were unprepared. The services that Cornerstone brings to the process are designed to complement those of the attorney and other advisors, are centered upon the needs expressed by the claimant and family, and are used to develop a plan that can be understood by all parties so that an informed decision can be made at one of the most stressful periods of a lifetime.

Settlement solutions typically begin with review of the public benefits profile of the claimant. Arthur has extensive experience working with clients who are eligible for SSI & Medicaid and SSDI & Medicare and he has worked with attorneys and claimants to provide critical analysis, plans, services and the products necessary to craft a well-considered and durable solution.

When the client is Medicare eligible, or will soon be, and the determination that Medicare’s interest must be considered is made, Arthur can provide the Medicare Set Aside allocation and, if deemed necessary, have it routed to CMS for review. To properly manage the account, he can also coordinate the administration of the MSA to assure that necessary accounting and reporting procedures are followed.

Supplemental Security Income (SSI) and Medicaid are the most likely public benefits to be encountered in an injury settlement. Arthur has coordinated the drafting, funding and administration of numerous special needs trusts for claimants who need to preserve their eligibility.

Medical liens can be a huge factor in arriving at settlement where the injury is catastrophic. Medical bill review professionals at Arthur’s partner company, Cost Containment Express, LLC, use their expertise, extensive medical billing database and proven process to gain bill reductions of 40% to 55%.

 Arthur handles qualified and non-qualified settlements, structured settlement annuities, attorney fee structures and the use of 468(b) Qualified Settlement Funds in multi-claimant engagements.

He has served as guest speaker at the Arkansas Trial Lawyers Association, the Memphis Bar Association, the Tennessee Workers Compensation Conference and numerous local association meetings. He is a member of the National Structured Settlement Trade Association and a member of the National Association of Medicare Set Aside Professionals.

We are pleased to have Arthur Chapman as the structured settlement expert agent for Tennessee and look forward to posting his video content shortly.