Burlington, MA – Ametros Financial, Inc. recently announced that it has secured a United States Patent for its lead technology, the MSA CareGuard Card.
“As the center for Medicare and Medicaid Services (“CMS”) continues to seek visibility on the fate of an estimated $9.9b in workers’ compensation Medicare Set Asides over the past decade and $1.4b annually, the US Patent Office might have just given the Center for Medicare and Medicaid services a really good idea: CareGuard, ” commented Thomas E. Ash, Chief Executive Officer of Ametros. He notes, “while the marketplace has seen the unique value of an easy-to-use, nominally priced coordination of benefits card for MSAs, the patent serves as validation of just how revolutionary we truly are.”
“Ametros’ CareGuard is the missing link that makes MSAs work,” added Kenneth J. Paradis, Founder and Chairman of the Board of Ametros as well as Lead Inventor of CareGuard. “Essentially, CareGuard is an MSA coordination of benefits card, a medical cost containment tool, and an automated Section 111-type reporting engine for all post settlement medical expenses…and it all fits in your wallet and is easier to use than a credit card,” he adds.
“We have been taking advantage of the cost savings and compliance value Ametros’ MSA CareGuard brings to the marketplace for over a year now”, said Dean L. Murray, Chief Compliance Officer and Vice President of Electric Insurance. “Ametros has a unique product offering in the market place and is a preferred partner to help us better administer Medicare set-asides”.
“From the outset, CareGuard technology has shaped the medical cost containment and reporting facets of the Medicare compliance realm”, comments Thomas Ash. “By digitizing the MSA requirements, we have made the complex simple,” remarks the Ametros CEO. “CareGuard is a triple threat: an effortless, point-of-sale presentation of the Card drives proactive savings at the local pharmacy or the doctor’s office; it translates into seamless reporting for CMS in Baltimore, and mitigates ongoing liability for counsel and the underwriters throughout the country.”
Source: Ametros Financial