Identify and manage single risk share program items across the entire healthcare market.

Medical device manufacturers offer risk-share contracts to hospitals to ease the adoption of specific devices. However, the process of tracking these devices, identifying claim opportunities, and filing for compensation is extremely difficult and cumbersome for hospital personnel. When claims don’t get filed, the risks don’t get shared. As a result, a significant amount of money remains unclaimed by healthcare systems.

A newly integrated module in WarrantyTracker, RiskControl now makes it easy for hospitals with risk-share contracts to pursue risk-share claims following a medical device explant. RiskControl streamlines the claims process, ensuring hospitals get compensated for all explanted medical devices under their risk-share contracts.

Easily identify, submit, track, and manage your risk-share claim contracts for optimal cost-saving opportunities available to your hospital.
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RiskControl

Identify and manage single risk share program items across the entire healthcare market.

Medical device manufacturers offer risk-share contracts to hospitals to ease the adoption of specific devices. However, the process of tracking these devices, identifying claim opportunities, and filing for compensation is extremely difficult and cumbersome for hospital personnel. When claims don’t get filed, the risks don’t get shared. As a result, a significant amount of money remains unclaimed by healthcare systems.

A newly integrated module in WarrantyTracker, RiskControl now makes it easy for hospitals with risk-share contracts to pursue risk-share claims following a medical device explant. RiskControl streamlines the claims process, ensuring hospitals get compensated for all explanted medical devices under their risk-share contracts.

Easily identify, submit, track, and manage your risk-share claim contracts for optimal cost-saving opportunities available to your hospital.

Benefits:

  • Identify qualified cases that meet terms of risk-share contract.
  • Collect data necessary to file claims.
  • File claims with easy step-by-step guided process.
  • Monitor claim status and automatically track claims collected over time.
  • Manage risk-share contracts with minimal resources.
  • Never miss a claim that is allowable under your risk-share contract.

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Only platform to connect the implant and explant lifecycle – tissue, non-biologic medical devices, recalls, explants, and warranty claims.

End-to-end tracking software for tissue and implant management for improving operational efficiency, compliance, saving valuable time and resources.

“Before UDITracker, we were writing off up to $200,000 per year in expired or missing tissue grafts. My director is so pleased with the results that we will be adding additional RFID units when our new OR is completed.”

—Argenis Mendoza, Perioperative Systems Analyst, Reston Hospital Center
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Manage claims with minimal resources.

There is extensive manual intervention involved with monitoring patient device information to connecting outcomes with devices under risk share contracts. This manual approach involves hospital personnel matching outcomes with contract terms to identify rebate-eligible cases and collecting data for claim filing. Not only does this consume valuable resources that could be redirected towards patient care, but it also poses the risk of missing claims that could have been submitted and incurring costs that would have been offset by rebates. RiskControl saves hospital staff time, making risk-sharing easy.

Collect claims on TYRX risk-share contracts.

Managing Medtronic’s TYRX risk-share contracts can pose challenges in tracking associated patient outcomes. RiskControl integrates with hospital data to easily track and monitor patients’ infections, readmittance and explant procedures associated with a TYRX envelope device. Hospital staff can now swiftly identify eligible candidates in the risk-share database and monitor those readmitted with an explanted procedure, whether in the same hospital or health system. RiskControl automates alerts to trigger and justify claims, eliminating the need for any manual intervention. This efficient solution extends to any non-Medtronic pacemakers using TYRX pouches.
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Advanced tissue and implant tracking software health checks

Streamline the execution of claim collections.

Navigating between provider and manufacturer can often lead to confusion and frustration. To address this, RiskControl streamlines the claim collection process, ensuring it is both efficient and user-friendly. Users receive automatic alerts when TRYX envelopes are attached to explanted devices, making it easy to know when to report patient infections to the manufacturer. This not only reduces a patient’s out-of-pocket expenses but also improves hospital profits.

“Before UDITracker, we were writing off up to $200,000 per year in expired or missing tissue grafts. My director is so pleased with the results that we will be adding additional RFID units when our new OR is completed.”

—Argenis Mendoza, Perioperative Systems Analyst, Reston Hospital Center

Ensure your hospital capitalizes on every eligible claim by taking control of your risk-share contracts.

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