SOURCE: Mitchell International

Mitchell International

April 26, 2016 09:00 ET

Mitchell Launches Access to ForeSight Medical to Contain the Variable and Rising Cost of Surgical Implantable Devices for Its SmartAdvisor® Platform Customers

SAN DIEGO, CA--(Marketwired - Apr 26, 2016) - Mitchell International is pleased to announce the addition of ForeSight Medical to its portfolio of Strategic Partners. Mitchell's partnership with ForeSight will deliver the industry's leading solution to help payers with the challenges they face managing high-cost surgical implant devices. This solution will manage utilization, facility, surgeon and procedural trending related to surgical procedures involving implantable hardware.

"The complex supply chain, variable markups and widely inconsistent provider billing practices make identifying and containing the costs of surgical implants challenging," said Mitchell's General Manager of Casualty Solutions, Nina Smith. "ForeSight's deep domain experience delivers a comprehensive and objective solution to help control the ever-increasing costs of surgical implants for our clients." 

Designed specifically for surgical procedures involving implantable hardware, ForeSight's proprietary Fusion™ audit and adjudication platform employs dynamic modular reduction methodologies to identify and remove inappropriate charges to ensure the lowest reasonable cost is paid.

"A multitude of market forces cause overpayment on surgical implant charges. ForeSight is thrilled to partner with Mitchell -- a like-minded, technological leader who embraces innovative solutions to control the rising cost of surgical procedures for Workers' Compensation payers," said Brian Bell, ForeSight President.

"Through our integration with the SmartAdvisor® bill review platform, Mitchell's clients will gain access to an industry-leading solution that delivers the most effective and comprehensive means of controlling the widely variable costs and over-utilization associated with implantable hardware used in surgery. ForeSight's mission is to ensure that Mitchell clients pay the lowest reasonable price for implants that are actually utilized, properly documented and appropriate for the procedure," Bell said.

About Mitchell International
Headquartered in San Diego, California, Mitchell International, Inc. is celebrating its 70th year of enabling better business outcomes for its customers in the Property & Casualty insurance industry. Mitchell delivers smart technology solutions that simplify and accelerate claims handling processes, driving more accurate, consistent, and cost-effective resolutions. Mitchell integrates deep industry expertise into workflow solutions, which provide unparalleled access to data, advanced analytics and decision support tools. Mitchell's comprehensive solution portfolio and robust SaaS infrastructure connect its customers in ways that enable tens of millions of electronic transactions to be processed each month for more than 300 insurance companies and over 30,000 collision repair facilities across the Americas and Europe. For more information, please visit www.mitchell.com/.

About ForeSight Medical
Founded by a team of healthcare executives with decades of experience in purchasing, billing, and supply chain management in the surgical implant sector, ForeSight develops analytic and defensible solutions to control the rapidly growing costs of surgical implants in workers' compensation. Based in Tampa, Florida, ForeSight serves clients nationally and can be reached at 855-481-1205 or via www.foresightmedical.com.

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