 |
|
|
|
|
 |
 |
|||
 |
 |
 |
|
|
|
||||
 |
|
|||
|
||||
MedRisk Introduces Debit Card for Workers' Compensation PaymentsKING OF PRUSSIA, PA. (June 4, 2007) – MedRisk, Inc., a leading claims services and medical management company, introduced its MPower CardSM at the Insurance Accounting Systems Association (IASA) conference in Minneapolis, Minn. on June 3. A stand-alone product or as part of MedRisk’s CLAIMExpert® suite of services, the MPower Card is a new service for issuing workers’ compensation indemnity payments. MedRisk Inc, in association with a leading bank provider of stored-value services, provides the VISA® branded debit cards and supporting processes to workers’ compensation payers. Claims payers electronically send payment files to MedRisk, which then coordinates with the bank to issue a card to each new claimant and deposit funds onto it. Subsequent claims payments are made by electronically transferring funds to existing cards. MedRisk’s MPower Card offers a variety of benefits to insurance companies, third-party administrators, self-insured employers, and state funds. They reduce the costs associated with paying by check, eliminate check fraud, improve cash control, and enhance customer service and claimant satisfaction. Services include client-branded cards, a customer support call center and website. Injured employees can use the card at ATMs, banks, and wherever VISA® is accepted. Claimants do not need to have a bank account, nor do they incur check cashing fees when using the MPower Card. Claimant’s funds are also protected against stolen or lost cards. 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: | |
|||
