CompReview Signs Contract With GAB Robbins' MedInsights Inc.COSTA MESA, Calif.--(BUSINESS WIRE)--Feb. 3, 1998--HNC Software subsidiary CompReview, a national leader in health care information technology for workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. and personal injury markets, has finalized a contract with MedInsights Inc., the managed care subsidiary of GAB Robbins, a leading third-party administrator (TPA (Transient Program Area) See transient area. TPA - Transient Program Area ). Based in Atlanta, MedInsights serves more than 600 employers nationwide. Under the terms of the agreement, CompReview will process more than $10 million in workers' compensation medical bills each month for MedInsights client companies, and MedInsights will use the new Windows version of CompReview's flagship software system, CRLink. CRLink reviews and "reprices" medical, medical/legal and vocational rehabilitation bills according to established fee schedules and/or "usual and customary charge" guidelines. The system provides an infrastructure that supports CompReview clients' managed care programs and allows the bill repricing Repricing To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices. repricing function to be integrated with a host claim system, thereby eliminating the need for manual entry of claims data. "We chose CompReview as our medical bill processing vendor for three reasons: the high level of technical support they provide for their system, the breadth of their services in all 50 states, and the flexibility in program design for capturing PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there discounts," said Gary W. Billiard bil·liard adj. Of, relating to, or used in billiards. n. See carom. Adj. 1. billiard - of or relating to billiards; "a billiard ball"; "a billiard cue"; "a billiard table" , president and chief executive officer for MedInsights Inc. CRLink integrates a suite of options that includes managed care negotiated discounts, PPOs, electronic data interface and outcome reporting. That integration allows CRLink clients to significantly increase efficiency and capture additional savings. CRLink also offers the capability for both electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. and electronic data interface with claims payment systems and state reporting agencies, speeds reimbursement to providers, eliminates the potential for duplication of payment, and creates a number of reports for clients with an emphasis on provider profiling. CRLink customers receive continuous enhancements and upgrades, plus complimentary monthly updates on all state reimbursement guidelines. CompReview also provides a mail-in service for bill review processing, which includes distribution of PPO networks to clients. "We are very pleased to be working with such prominent companies as MedInsights and GAB Robbins," said Michelle T. DeLizio, president of CompReview. "These high-profile firms do not make contracting decisions without a thorough review of their options, and we're extremely pleased that they chose CompReview after such a review." CompReview, a subsidiary of HNC (HNC Software Inc., San Diego, CA) A software company that specialized in products that detect credit card fraud, manage merchant risk, automate lending decisions and home valuations and manage retail inventories. Founded in 1986 by Robert Hecht-Nielsen and Todd W. Software Inc., is based in Costa Mesa and maintains a service center in Irving, Texas. The company processes nearly 12 percent of all workers' compensation provider charges in the United States, and more than half of the bills in California through its software. Its clients include insurance companies, self-insured employers, TPAs, managed care organizations and public entities. With headquarters in San Diego, HNC Software Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HNCS HNCS Host Naval Computer System HNCS Host Navy Combat Systems ) is a world leader in the development and delivery of predictive software solutions in client/server environments. HNC provides innovative predictive software systems in the financial services, retail, insurance information and electronic commerce markets. For more information, contact Patsy Campbell, Director of Marketing, HNC Software Inc., 5930 Cornerstone Court West, San Diego, CA 92121, 619/546-8877. For the investor relations Investor relations The process by which the corporation communicates with its investors. hotline, call 800/396-8052. CONTACT: Scott Marketing Joy Scott or Russ Jackson, 818/782-1323 |
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