SAN DIEGO, CA--(Marketwired - May 14, 2013) - Mitchell International's Workers' Compensation Solutions division today announced its SmartAdvisor™ solution will be available to the Stratose network of approximately 850,000 direct and affiliate medical, dental and workers' compensation providers. For Mitchell customers, the partnership delivers additional provider network cost containment savings on top of the operational efficiencies they gain by using the Mitchell SmartAdvisor medical bill review platform.
"As part of our strategic, ongoing effort to expand customer options, offerings and access to a variety of strong and reputable networks, the Mitchell Workers' Compensation Solutions division is excited to welcome Stratose into our network of strategic offerings nationwide," said Nina Smith-Garmon, Executive Vice President and General Manager of the Mitchell Workers' Compensation Solutions division. "We're committed to making medical claims operations as efficient and cost effective as possible, as does Stratose, making them an ideal offering to welcome to the Mitchell family of claims solutions."
SmartAdvisor gives medical bill review organizations the power to conduct efficient contract repricing and enhanced savings audits. Bill review turnaround time is reduced, giving payers visibility into performance and process benchmarks using only the most current, accurate provider contracts and repricing data. Built on standard XML file formats, SmartAdvisor enables users to obtain the latest repricing data from networks, negotiation partners, specialty reviewers and other specialty services.
"At Stratose, we pride ourselves in drilling deeper than competitors to ensure optimal savings on all claims, both in and out-of-network," said Terry Harris, Executive Vice President of Sales and Account Management at Stratose. "We're looking forward to working with Mitchell to help SmartAdvisor clients maximize savings, while at the same time driving improved patient satisfaction."
SmartAdvisor is a comprehensive bill review solution for workers' compensation that contains a unique combination of performance software, client services and best-in-class cost containment offerings, such as Stratose. Its distinctive capabilities include customizable workflow modeling; a robust business decision rules engine; data analytics and reporting tools; the Claims Examiner Portal for fast, secured, real-time access to bill data; and a proven technology platform that delivers on average 50-70 percent straight-through processing for improved efficiencies and lower costs. Visit http://www.mitchell.com/smartadvisor for more information or contact 1-800-421-6705 to schedule a demo of the SmartAdvisor bill review system.
About Stratose
Stratose is a marketplace leader, providing comprehensive solutions for managing healthcare costs. Stratose utilizes proprietary technology and a suite of products and services to deliver industry leading discounts on medical, dental and workers' compensation billings, by accessing direct provider contracts, PPO networks, provider negotiations, proprietary repricing including Medicare, to achieve industry leading savings for its national client base. Learn more at www.stratose.com.
About Mitchell
Mitchell empowers clients to achieve measurably better outcomes. Providing unparalleled breadth of technology, connectivity and information solutions to the Property & Casualty claims and Collision Repair industries, Mitchell is uniquely able to simplify and accelerate the claims management and collision repair processes. As a leading provider of Property & Casualty claims technology solutions, Mitchell processes over 50 million transactions annually for over 300 insurance companies/claims payers and over 30,000 collision repair facilities throughout North America. Founded in 1946, Mitchell is headquartered in San Diego, California, and has 1,700 employees. The company is privately owned, primarily by the Aurora Capital Group, a Los Angeles‐based investment group. For more information about Mitchell, visit www.mitchell.com.
About Mitchell Workers' Compensation Solutions Division
Mitchell Workers' Compensation Solutions (WCS), a division of Mitchell, is a market 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.