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MEDRISK’S NETWORK OF EXPERT PHYSICAL MEDICINE PROVIDERS EXPANDS INTO 10 ADDITIONAL STATESKING OF PRUSSIA, PA. (Jan.16, 2007) – MedRisk’s Expert Physical Medicine Provider Organization for workers’ compensation has expanded into 10 additional states. Under the Expert Provider Organization (EPO) arrangement, physical therapists, occupational therapists and chiropractors agree to a unique reimbursement structure based on diagnosis and the chronicity and severity of work-related injuries. This system controls cost through the clinical management of utilization and ensures quality practice standards. Typically, MedRisk’s EPO delivers savings of between 30 and 40 percent below fee schedule and UCR (Usual, Customary and Reasonable charges) on physical medicine claims. With the addition of Ala., Ariz., Ark., Id., Mich., Miss., Mont., Neb., Nev. and N.H., MedRisk’s EPO is now available to employers that self-insure workers’ compensation programs, municipalities, insurance carriers, third-party administrators in a total of 36 states. These states represent more than 80% of all workers’ compensation premiums. “This significant expansion of our EPO strengthens our customers’ savings potential in the critical area of workers’ compensation medical care. More than 20 percent of all comp claims involve physical medicine, making physical medicine the largest medical cost driver,” said Shelley Boyce, president of MedRisk.
About MedRiskFounded in 1994 and based in King of Prussia, Pa., MedRisk, Inc. provides specialty managed care services along with claims workflow management tools to the workers’ compensation industry. With a demonstrated core competency in physical medicine management, MedRisk has leveraged its technological expertise and evidence-based research to provide a growing list of products and services to its client community including document management, best-practice claim-workflow automation, specialty network services, network integration and data analytics. MedRisk’s programs deliver savings and operational efficiencies that are significantly greater than traditional programs. Customers include insurance carriers, self-insured employers, third-party administrators and general managed care workers’ compensation companies. More information is available at www.medrisknet.com or by calling 1-800-225-9675 Media Contacts: | |
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