To help workers' compensation claims payers evaluate, settle their claims faster and accurately
Mitchell International, a provider of information, workflow and performance management solutions to the property & casualty claims and collision repair industries, has unveiled the SmartAdvisor Real Time Partner Bridge.
The SmartAdvisor allows medical bill review organisations to conduct instant Preferred Provider Organization (PPO) repricing and enhanced savings audits using real-time access to the industry’s latest medical billing compliance application.
SmartAdvisor is a medical claim cost containment solution that helps workers’ compensation claims payers evaluate and settle their claims faster and more accurately.
Nina Smith, senior vice president and general manager of Mitchell International SmartAdvisor Solutions Division, said: The SmartAdvisor Real Time Partner Bridge reduces bill review turnaround time by an average of three days compared to conventional Electronic Data Interchange (EDI). 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.