MedRisk, Inc. and Coventry Workers’ Comp Services Announce New Partnership

MedRisk, Inc. and Coventry Workers’ Comp Services Announce New Partnership

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)-- MedRisk, Inc. has entered into an agreement with Coventry Workers' Comp Services (CWCS), a division of Coventry Health Care, Inc.

MedRisk, a claims services and specialty managed care company serving the workers’ compensation industry, will provide physical medicine management services to CWCS clients using the Coventry Integrated Network^SM.

Under this new program, injured workers will have access to MedRisk’s national network of physical therapists, occupational therapists and chiropractors who specialize in the treatment of work-related injuries. CWCS clients will benefit from MedRisk’s prospective and retrospective physical medicine management services that deliver superior network savings.

“A recent NCCI study shows workers’ comp claims severity is increasing at 3 ½ times the rate of medical inflation,” says MedRisk CEO Shelley Boyce. “More than 20 percent of comp claims involve physical medicine, making it a significant driver of these rising costs. Through our unique evidence-based medical management program, CWCS clients will enjoy lower physical medicine costs and better medical outcomes.” </p>

CWCS plans to introduce MedRisk’s innovative network solution to existing clients in the upcoming months as part of CWCS’ new physical medicine program. The program will also be included in its national medical network offering for all new clients.

About MedRisk:

Founded in 1994 and based in King of Prussia, Pa., MedRisk, Inc. is a Deloitte “Technology Fast 50” company in the Greater Philadelphia area. The company 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.

About Coventry Workers’ Comp Services:

Coventry Workers’ Comp Services, a division of Coventry Health Care, Inc., is the leading provider of cost and care management solutions for property and casualty insurance carriers, (workers’ compensation and auto insurers), third-party administrators and self-insured employers. We design best-in-class products and services to help our partners restore the health and productivity of injured workers as quickly and as cost effectively as possible. We accomplish this by developing and maintaining consultative, trusting partnerships with our clients and stakeholders, built on a foundation of innovative and customized solutions that support the claims management process. Go to www.coventrywcs.com for more information.

King Knight Communications

Helen Knight, 813-961-6051; [email protected]

or

MedRisk, Inc.

Rommy Blum, 610-768-5812; [email protected]

or

Coventry Workers’ Comp Services

Barb Robinette, 858-547-2528; [email protected]

Source: MedRisk, Inc.

Copyright Business Wire 2009 MedRisk, Inc. has entered into an agreement with Coventry Workers' Comp Services, a division of Coventry Health Care, Inc. MedRisk, a claims services and specialty managed care company serving the workers' compensation industry, will provide physical medicine management services to CWCS clients using the Coventry Integrated NetworkSM.