What Are 3rd Party Cost Recovery Billing Companies?

Fire departments often hire an outside company to handle cost recovery billing. They do so for a variety of reasons but primarily because of billing companies’ expertise in filing and collecting insurance claims. This takes a huge administrative burden off fire departments, freeing them to do what they are committed to – emergency response.

Typically the billing company keeps a small percentage of insurance reimbursements as compensation. Thus, billing companies only get paid when costs are recovered for the fire departments.

Fire departments make the final decision on whose insurance gets invoiced, not the billing company.