Mitchell International Announces SmartAdvisor(TM) Real Time Partner Bridge
New Industry Standard Empowers Carriers With an Instant PPO Repricing and Enhanced Savings Audit Solution That Continuously Improves the Workers' Compensation Medical Claims Process
| Source: Mitchell International
SAN DIEGO, CA--(Marketwire - November 16, 2009) - Mitchell International, Inc., a leading
provider of information, workflow and performance management solutions to
the Property & Casualty claims and Collision Repair industries, today
announced the availability of the SmartAdvisor™ Real Time Partner
Bridge, which allows medical bill review organizations to conduct instant
Preferred Provider Organization (PPO) repricing and enhanced savings audits
using real-time access to the industry's most complete and up-to-date
medical billing compliance application.
SmartAdvisor is a leading medical claim cost containment solution that
helps workers' compensation claims payers evaluate and settle their claims
faster and more accurately. The SmartAdvisor team will be on hand for
one-on-one demonstrations of the SmartAdvisor software suite and its
applications at the National Workers' Compensation and Disability Expo,
booth #111, at the McCormick Place in Chicago. November 18-20.
"The SmartAdvisor Real Time Partner Bridge reduces bill review turnaround
time by an average of three days compared to conventional Electronic Data
Interchange (EDI)," said Nina Smith, Senior Vice President and General
Manager of the Mitchell International SmartAdvisor Solutions Division. "The
Real Time Partner Bridge gives our customers a true strategic advantage in
a time when the workers' compensation marketplace is experiencing
significant challenges, such as increased indemnity and medical costs while
premiums decline."
The Real Time Partner Bridge is built on standard XML file formats and
leverages Software-on-Demand technology, so that users can instantly obtain
the latest repricing data from PPOs, negotiation partners, specialty
reviewers, and other specialty networks. In direct contrast to the
traditional pend and transmit approach to information exchange in the
workers' compensation marketplace, the Real Time Partner Bridge gives
payers instantaneous visibility into performance and process benchmarks
using only the most current, accurate PPO contracts and repricing data.
Mitchell can in most cases implement the standard Real Time Partner Bridge
in under 30 days, compared to the 90-100 days needed for EDI installations.
"The Real Time Partner Bridge is a significant technology development in
the workers' compensation bill review marketplace, delivering huge process
improvements by reducing turnaround time and ensuring accuracy by using
only the most current PPO contracts and repricing data. This will likely
become an industry standard based on its ability to allow customers to
realize substantial operational efficiencies," said Brian Sharp, CEO of
Prime Health Services, which has been using the Real Time Partner Bridge
with SmartAdvisor for the past six months.
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. SmartAdvisor's unique capabilities include customizable
workflow modeling, Capstone® business decision rules engine,
SmartReports™ 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.
Please visit www.mitchell.com/smartadvisor for more information or contact
Mitchell SmartAdvisor Solutions directly at 1-800-421-6705 to schedule a
demo of the SmartAdvisor bill review system. Visit us as well at Booth #111
at the National Workers' Compensation and Disability Expo being held from
November 18-20 at McCormick Place in Chicago.
About Mitchell International, Inc.
Mitchell International (www.mitchell.com) is a leading provider of
information and workflow solutions to the Property & Casualty Insurance
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.