MedRisk CEO Offers Success Secrets
MedRisk founder and CEO Shelley Boyce recently joined other alumni of the Wharton School of the University of Pennsylvania to share lessons learned in founding one of the nation’s leading medical management companies.
Boyce established MedRisk in 1994 and built it into a multi-million dollar leading managed care company specializing in the physical rehabilitation of injured workers.
Boyce and fellow Wharton alums Michael Bontrager of Chatham Financial, Kennett Square, PA, and Robert Corrato, MD, of Executive Health Resources, Newtown Square, PA, discussed their experiences in building major organizations from scratch. The presentations were part of the second annual WEMBA Entrepreneurial Alumni event on Feb. 28, at the Wharton School in Philadelphia. WEMBA is Wharton’s Executive MBA program.
Boyce’s idea for MedRisk began as a business plan while working on her MBA at Wharton. She sought to create a way to control workers’ compensation physical therapy costs which, at the time, were between 20 and 30 percent of the work comp medical dollar. Twenty years later, Boyce’s idea has revolutionized how work comp payers think about physical medicine, allowing them to effectively reduce their medical costs and deliver the highest quality of care to their injured workers.
MedRisk Inc. is a leading managed care company specializing in the physical rehabilitation of injured workers. Founded in 1994 and based in King of Prussia, Pa., MedRisk has been ranked as one of the fastest-growing companies on several lists, including Modern Healthcare’s Fast 40, the Inc. 500|5,000, Deloitte’s “Technology Fast 50,” and Philadelphia SmartCEO magazine’s Future 50. MedRisk is fully accredited under URAC and has successfully completed a SSAE 16 Type II examination. 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, state funds, general managed care companies, case management companies, claims adjusters and physical medicine providers. To make a referral or obtain more information, visit www.medrisknet.com or call 800-225-9675.