Mitchell International Launches Workers' Compensation Regulatory Reporting Solutions
Expansion of claims solution product set enables insurance payers to improve compliance reporting efficiency and accuracy while increasing cost containment
San Diego, CA—February 21, 2011—Mitchell International, Inc., a leading provider of information, workflow and performance management solutions to the Property & Casualty claims and Collision Repair industries, today significantly expanded its claims technology platform with the introduction of the Mitchell Regulatory Reporting Solutions that enables workers' compensation claims payers to further drive operational efficiencies and cost containment into their claims operations.
Mitchell has consistently solidified its leadership of the workers' compensation marketplace, a position established by core technology SmartAdvisor, an industry leading medical bill review software suite. The company's claims solutions portfolio has been further enhanced by its fourth quarter 2010 acquisition of the Ingenix P&C business, which included ROES, or Red Oak E-Commerce Solutions, which is now Mitchell Regulatory Reporting Solutions. Mitchell Regulatory Reporting Solutions is a compliance platform that works seamlessly with claims management systems or as an on-line web portal for reporting.
"Mitchell's Regulatory Reporting Solutions delivers a compliance solution to the market that further expands the depth and breadth of our claims solution offerings with innovative technology that optimizes claims operations," said Nina Smith-Garmon, senior vice president and general manager of the Mitchell Workers' Compensation Solutions Division. "These solutions are a clear reflection of our commitment to provide advanced claims technology to the marketplace via strategic partnerships and acquisitions."
The Mitchell Regulatory Reporting Solutions is an automated, reporting solution that provides web-based reporting of FROI/SROI and medical bills to help lower claims reporting costs, increase claim accuracy, reduce manual processing and data entry, and maintain compliance with state EDI reporting requirements. The product set, comprising WorkComp.NET, AutoTriggers, and Business Edit Service, enables claims administrators to be in multi-state compliance as well as with the new Centers for Medicare & Medicaid Services (CMS) reporting. Its ability to allow claims administrators to edit state mandated reports before transmitting helps ensure compliance with all reporting, query and response formats. Mitchell's Regulatory Reporting Solutions are available to all claims payers and can be integrated with any claims management system.
"We have enjoyed a long relationship with the technology and people at ROES, and we are now looking forward to continuing and possibly expanding that relationship," said David M. Richard, senior vice president and chief technology officer, F. A. Richard & Associates, Inc./FARA Insurance Services. "We anticipate new innovations and continued superior performance in workers' compensation EDI solutions following the recent ROES acquisition by Mitchell."
Smith-Garmon added, "Mitchell Workers' Compensation Solution's successful expansion into adjacent claims solutions segments has already been seen with the Q4 2010 introduction of the Mitchell Health Ticket and PPO Lookup Directory that allows insurance payers to access Mitchell's extended specialty pricing, PPO networks and compliance expertise via a web-accessible compliance cost containment solution. We look forward to continuing to offer claims solutions to meet all of our customers' compliance and cost containment needs throughout 2011 and beyond."
Mitchell SmartAdvisor is a comprehensive bill review solution for workers' compensation that leads the industry in its unique combination of performance software, client services, and best-in-class partnerships. Available through licensed or software-as-a-service model, SmartAdvisor's unique capabilities include customizable workflow modeling, Capstone business decision rules engine, data analytics and reporting tools, Claims Examiner Portal for fast, secured, real-time access to bill data, and a proven technology platform that delivers on average 50-70% straight-through processing for improved efficiencies and lower costs. Visit www.mitchell.com/workerscomp for more information or contact Mitchell Workers' Compensation Solutions directly at 1-800-421-6705 to schedule a demo of the SmartAdvisor bill review system.
About Mitchell International, Inc.
Mitchell International (www.mitchell.com) is a leading provider of information and workflow solutions to the Property & Casualty claims and Automotive Collision Repair industries. The company's comprehensive solution portfolio streamlines the entire auto physical damage, bodily injury and workers' compensation claims processes. Mitchell enables millions of electronic transactions between more than 30,000 business partners each month to enhance partner productivity, profitability, and customer satisfaction.
About Mitchell Workers' Compensation Solutions Division
Mitchell Workers' Compensation Solutions (WCS), a division of Mitchell International, is a leading provider of workers' compensation cost containment technologies and services. Insurance payers and other clients rely on Mitchell WCS's best-of-breed medical bill review platform, the SmartAdvisor Software Suite, to improve their medical cost savings results. For more information, please visit www.mitchell.com/workerscomp.
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