Subrogation Partners, LLC., MedSave USA Sign Accord to Service U.S. and European Insurers

Leading US subrogation group joins forces with leading US Accident and Health cost management and document retrieval firm.

September 7th, 2006 - Scott Conant, CEO of Subrogation Partners, LLC. and Jeffrey Baker, CEO of MedSave USA have signed an accord they believe will benefit international insurers financing A&H , travel and elective care risk with exposure in the United States, as well as domestic P&C insurers with document retrieval needs. Serving a market of hundreds of thousands of inbound tourists to the U.S., the insurers will realize cost containment through network discounts and negotiation, as well as detailed data analysis of injury type that will identify subrogation potential claims estimated to be 20 percent average frequency. This identification will enhance the ability to review the events affecting insureds and to realize recoveries from insurers and other entities, usually neglected by the affected primary carriers. The parties believe this partnership will save domestic and international insurers millions in revenue and expense savings.

According to Jeff Baker, nearly 450,000 doctors and 4,000 hospitals are part of the network within which MedSave operates: "We are excited about this relationship because it impacts two different focus areas for us. We feel the added expertise on subrogation and recovery that Subro Partners brings to the table will have an immediate postive impact on our clients bottom line results, with the added benefit of being a local partner with national presence. Secondly, we will assist Subro Partners and their domestic clients in retrieving records  to speed up the settlement process and this will reflect with them on their ability to recover in cases where they might typically run into roadblocks and inertia", he said. "We lower loss adjusting expenses and speed up turnaround for our clients and now, through our strategic alliance, we can take them even further toward resolution," he said.

Scott Conant, CEO of Subrogation Partners, LLC. said: "The complementary sets of services gives both organizations in this accord exceptional penetration in a space formally left to chance and to red tape, and, thus, not fully, properly navigated," he said. Mr. Conant a cofounder of Subrogation Partners, LLC Inc. recently featured in the Wall Street Journal, has introduced an additional service to speed claims resolution: a facility to purchase subrogated "books of businesses" from insurers, TPA’s and other organizations, putting a cash asset on the books while reviewing the unresolved old claims. "Together with MedSave USA, we plan to streamline loss adjustment processes from time and cost perspectives to benefit, ultimately, all insurers", he stated.

MedSave USA, Inc. a division of the Davidoff Group, founded in 1963 and based in Westbury, NY ; Subrogation Partners, LLC. founded in 1995 is based in Westport, CT, with its operations based in Farmingville, L.I.