Gould & Lamb expect SCHIP revenue bump

Bradenton-based Medicare set-aside company Gould & Lamb LLC has been suggesting for a while now that the federal government is going to start requiring a wider range of insurance providers to get approval of their settlements from Medicare.

The first step along that line hit with the passage of the SCHIP bill. Starting this July, liability and automobile insurers, and certain self-insured companies, will join worker's compensation insurers in having to report data on their settlements to the Centers for Medicare and Medicaid Services. Just like worker's comp, the goal of the reporting is to make sure that taxpayers aren't picking up costs through Medicare that should have been covered under an insurers settlement.

In response, Gould & Lamb has rolled out a new software product called OneSource to help insurers meet that requirement while at the same time introducing those insurers to its set-aside services.