CompIQ’s strong PPO network strategy, out-of-network negotiation, and repricing services are a recipe for industry-leading savings. We’re committed to providing the most effective cost containment strategies for your organization. We uncover additional discounts and savings opportunities for our clients through negotiations below applicable fee schedules or usual and customary rates. Our team of specialists uses compiled benchmark data and comparable charges to calculate appropriate payment recommendations.
How CompIQ Saves You Money
With AuditIQ
The approach we take to uncover savings looks different depending on whether or not a fee schedule exists. Where there is a fee schedule, we ensure we receive a signed agreement from the provider to proactively guarantee the lowest possible rate.
Let’s face it: claims payors often receive provider bills at an inflated rate. That’s why when no fee schedule exists, we approach things a bit differently. In these situations, we leverage a “cost-up” approach and recommend payment amounts based on our most recent 24 rolling months of benchmark data rather than discounting off of already billed charges. This approach allows us to deliver a national average of 67% savings on all out-of-network services.
Our Product Offerings
At CompIQ, maximizing our customers’ medical savings isn’t just a goal–its our unwavering commitment. Whether you’re leveraging our cutting-edge medical bill review platform or relying on our team of seasoned experts to manage it for you, we’re dedicated to delivering results. Together, we’re transforming the medical billing landscape for the better.
IQExtract
Learn moreThe first step in the Medical Bill Review process is ensuring high-quality bill data is extracted. We can help with sorting, scanning, and/or data capture services for both physical and digital receipts—including various flexible integrations.
Bill Review Services
Learn moreWhether you need to augment or fully outsource your bill review services, CompIQ’s team of highly tenured medical bill review specialists can help. We can guarantee bill processing stability and dependability so that you can focus on the things that matter most.
Bill Review Software Lease
Learn moreCompIQ’s Bill Review Software Lease provides flexible, scalable solutions to enhance your bill review process. Our software ensures reliable, efficient processing, allowing you to focus on your core operations.
AuditIQ
Learn moreAuditIQ combines an exceptional team of expert auditors and seasoned negotiators to achieve the highest level of defensible savings for our clients. The AuditIQ team works closely with clients and providers with a focus on payment integrity and recommending the correct payment, on time, the first time. This program has a 97% provider acceptance rate on audits and a vast network for successful negotiations.
Network Solutions
Learn moreWe’re proud to have access to national, regional, and specialty PPO networks. Our clients can choose to leverage our networks, manage their PPO contracts directly, or design a hybrid approach and get access to the best of both worlds.
IQPay
Learn moreReduce costs by making payments to providers and vendors directly from the CompIQ integrated platform. Seamless integration gives you the ability to reduce the amount of time it takes to get payments adjudicated while providing improved tracking and audit capabilities and reducing overall costs.