SAN DIEGO, CA--(Marketwire - April 15, 2010) - Mitchell International, Inc., a leading provider of information, workflow and performance management solutions to the Property & Casualty claims and Collision Repair industries, today urged the workers' compensation insurance payer community to prepare for an all-electronic American healthcare future by adopting the SmartAdvisor™ SmartBill solution to help comply with the California Division of Workers' Compensation's (DWC's) recently issued electronic billing standards.
SmartBill helps payers comply with emerging electronic bill processing requirements by putting into place a customized payment and compliance solution that provides speed, accuracy and lower per-bill costs of electronic transactions. In addition to California, the SmartBill solution helps payers to comply with electronic billing standards in Minnesota and Texas.
The SmartBill electronic payment platform is an automated ebilling solution that includes attachment of receipts and payment processing services. SmartBill is fully featured, allowing provider bills to be reviewed and processed electronically; payers can return ERAs to medical providers in the required ANSI 835 format. The solution is visible, trackable and offers speedier claims resolution and better fraud protection than paper-based alternatives.
California is the largest workers' compensation market in the US, and the state is encouraging ebilling compliance with timely payment requirements (15 days for ebills, 45 for paper bills) to jump-start participation.
"Historical changes underway today in the American healthcare marketplace will make the electronic exchange of medical bill transactions between health care providers and workers' compensation payers seem prescient and prudent in hindsight," said Nina Smith, Senior Vice President and General Manager of the Mitchell International SmartAdvisor Solutions Division. "eBilling is the future of workers' compensation, and of American healthcare as well. The workers' compensation marketplace is a perfect candidate for the efficiencies and productivity gains available when a fully-featured, non-intrusive electronic payment platform is put into place."
She noted, "The recent Health Care Reform Bill contains $20 billion for expanding health information technologies (HITs), with the emphasis on electronic medical records and payment systems as being key to successful healthcare reform. Payers will benefit by establishing ebilling best practices now when there are few penalties associated with non-compliance; on the flip side, the cost of relinquishing the opportunity to test electronic payment platforms and explore enabling technologies could be substantial."
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. In addition to being a leading workers' compensation solution, SmartAdvisor provides the same capabilities and benefits to the auto and general liability markets and is ideal for servicing all bodily injury lines in a single platform. 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 #337 at the RIMS 2010 Annual Conference & Exhibition being held from April 25-29 at the Boston Convention and Exhibition Center in Boston, MA.
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.