Contact:
Richard Leonardo
CEO
FAIRPAY Solutions
972.715.8000
rleonardo@fairpaysolutions.com

FAIRPAY SOLUTIONS INTRODUCES UNPARALLELED
LONG TERM CARE (LTC) SAVINGS

ADDISON—April 19, 2010—FAIRPAY Solutions, Inc., the industry-leading provider of specialty bill review services for workers' compensation and auto/liability payers, today introduced enhanced cost containment services to secure maximum savings on Long Term Care (LTC)bills. 

“After having secured over $1.8 million in savings for a handful of select clients in the last 18 months, we are excited to broadly launch our unique long term care solution for the entire workers’ compensation market," said Richard Leonardo, CEO of FAIRPAY Solutions.

FAIRPAY’s up-front solution achieves greater savings on LTC bills than traditional audits, which typically result in a small percentage discount off the LTC provider’s total billed charges.

Long term care providers are not usually regulated by workers’ compensation statutes and very few states have fee schedules that can be applied to these complex bills. In reviewing and analyzing the financial aspects of bills in such states, FAIRPAY leverages supply and cost databases as well as a proprietary technology platform to achieve savings on the Per Diem rate and on all other services and supplies provided by the LTC providers. In states where Fee Schedules and rules for long term care apply, FAIRPAY Solutions can still achieve larger monthly saving.