Synergy Blog

Lien Resolution Success – Synergy reduces self-funded ERISA subrogation claim by 70%, an additional 57% more than the trial attorney could

This is a case wherein a plaintiff, while recovering from hip replacement surgery, was dropped during a bed transfer at the rehabilitation facility.  The plaintiff engaged counsel and was able to secure a settlement in the amount of $140,000.00.  The plaintiffs’ medical care had been provided by a self-funded ERISA Plan who wanted full repayment in the amount of $66,306.89.  After negotiating with the ERISA Plan’s recovery vendor, Optum, for nearly a year and half plaintiff’s counsel was able to secure a reduction in their demand to $35,000.00.  Believing this repayment amount was still inequitable, and knowing that Synergy would only charge a fee on any additional reduction beyond the $35,000.00, he engaged Synergy  Lien Resolution Services to assist.  Within three months Synergy used 29 U.S.C. 1024(b)(4),  as well as other time tested reduction tactics, to force a further reduction from Optum.  The result was a repayment demand 57% lower than the experienced trial attorney could achieve in less than 20% of the time.  The final repayment amount was $20,000.00.

TESTIMONIALS

“Synergy is our guiding light for deferring our contingent legal fees and planning for retirement. The lawyers at Panter Panter & Sampedro, myself included, have been working with them for over ten years using different methods to defer comp and plan for retirement.”

Brett Panter
Panter, Panter & Sampedro

"I don't think I've directly said "thank you" for helping us with Bridgett’s case. We sent the reduced payment to Medicaid and called Bridgett's mom to tell her approximately how much money was going to be left for Bridgett and she broke down over the telephone. Given only $25k of insurance and a $850k medical bill from the hospital she didn't think Bridgett would ever see a penny."

Tom L. Copeland
Jeffrey Meldon & Associates, P.A.

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