Professional administrators play a crucial role in extending settlement funds by leveraging their expertise and networks. They secure potential discounts through their provider and pharmacy networks and negotiate with service providers to maximize funds.
Expertise of Professional Administrators
Professional administrators are skilled in ensuring medical funds are efficiently managed. Their expertise includes:
- Securing appropriate billing with correct ICD-9 and 10 codes
- Negotiating fees to enhance fund longevity*
Potential Discounts and Negotiations
One of the primary ways professional administrators extend settlement funds is through negotiating discounts. By working closely with service providers and utilizing established networks, they can significantly reduce medical expenses.
How Does Fee Negotiation Affect Settlement Funds?
Fee negotiation is a critical strategy used by professional administrators. It involves:
- Engaging with service providers to discuss fee reductions
- Ensuring that all charges align with negotiated pricing
- Monitoring ongoing expenses to maintain fund efficiency
Disclaimer *: Discount averages presented are based on Ametros’ 2024 Member Impact Report, published in October 2025. This data was independently reviewed and verified by PKF O’Connor Davies. Any potential discounts or savings for medical treatment, including but not limited to, prescription drugs, durable medical equipment and/or healthcare items and services, are not guaranteed. Ametros has made no warranties, promises, representations or guarantees whatsoever about potential cost savings or the level of potential discounts obtained on any item, service or prescription payment. There are no assurances that prior successes or past results as to cost savings will be applicable to a Member on any of Ametros’ platforms. For additional information, please see our Terms & Conditions Page.
