Destination Rutherford Holds Reception For ClaimTrust, Inc.

February 24, 2009

On Tuesday evening (2/24/09) Destination Rutherford investors enjoyed a reception to welcome ClaimTrust’s corporate headquarters to Murfreesboro. This high-technology firm works with medical groups to increase the number of paid insurance claims. Last month, ClaimTrust moved into a new 5,900 square foot complex on Brandies Circle between Cason Lane and River Rock Boulevard, about 800-feet from the Verizon Call Center. (L-R Photo ID: Joe and Kathy Ferro meet community leaders at a reception held at Chamber Chairman Blake Smith’s business, Smith/Design Build .)

ClaimTrust President and CEO Joe Ferro tells WGNS News that Murfreesboro is the perfect fit for them…

This is not Ferro’s first exposure to Murfreesboro. ClaimTrust’s founder is an alumni of Middle Tennessee State University.

Ferro told WGNS News, “Let’s say a hospital sends an insurance company a claim to cover shoulder surgery, but another form says foot surgery. Instead of trying to correct the error, many insurance companies simply put the claim on the back burner.” ClaimTrust carefully scans all of the claims from their client hospitals before submitting them to insurance firms. Not only does this dramatically increase the number of insurance claims that are paid, it also reduces the amount of time between when the claim is submitted and the check is received.

Ferro started his company in Florida 10-years ago. He noted that the State of Tennessee and Murfreesboro made it easier for him to do business here and eliminated the roadblocks encountered in the Sunshine State.

Ferro commented that the Murfreesboro data center meets client security needs as well as federal information processing standards. In addition to its new Murfreesboro corporate headquarters, ClaimTrust will maintain satellite facilities in Massachusetts and Florida.

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