IRVINE, Calif., Feb. 24 /PRNewswire-FirstCall/ -- CorVel (Nasdaq: CRVL) today announced that it has been awarded the Montana State Fund (MSF) contract for automated medical bill review services under workers' compensation coverages. CorVel will provide services for MSF's 27,000 employer policies beginning later this year.
CorVel is uniquely positioned to deliver an Application Service Provider (ASP) model to MSF and will be creating an Electronic Data Interface (EDI) for MSF's new claims platform, ClaimCenter(R) by Guidewire. These advanced capabilities will allow CorVel to meet MSF's requirements for efficient, advanced service to their insureds and for the benefit of injured workers and the state's medical providers. The claims professionals at MSF will be able to easily work within the Claim Center(R) and CorVel's applications to efficiently coordinate reimbursement to the Montana medical community.
CareMC is CorVel's healthcare management portal in which employers, patients, payors and providers can work together to optimize disability claims' outcomes. Risk managers and claims management professionals can act in real time, on information summarized to facilitate decisions. MSF will be taking advantage of CorVel's innovative paperless processes to enhance their bill review program. CorVel will also be arranging automated provider reimbursement, which will streamline the bill review process and further enhance MSF's program.
"As the result of a competitive bid process, we chose CorVel because they offered the highest quality of service, broadest offering of products and most competitive price for our needs," said Laurence Hubbard, President and CEO of the Montana State Fund. "It's all about service, cost containment and efficiency. This partnership will help to leverage technology to reduce cost leakage in medical bill processing and payments and to provide the best possible service to policyholders, injured workers and medical providers in Montana."
Hubbard added that CorVel's paperless environment, local service and commitment to working with our people and systems was a priority.
"This new partnership will help maintain our position as Montana's insurance carrier of choice and industry leader in service," concluded Hubbard.
"CorVel is very proud to announce this new partnership. We look forward to working with the Montana State Fund in support of their efforts on behalf of Montana workers," said Gordon Clemons, President and CEO of CorVel Corporation.
The Montana State Fund is a non-profit, public corporation and was established to provide an option for employers insuring their liability for workers' compensation and occupational disease coverage in Montana.
CorVel Corporation is an independent, nationwide provider of managed care services in the worker's compensation, accident & health and auto insurance markets. The company provides services to employers, government entities, insurance companies and third party administrators. In addition to the company's networks of preferred providers, its offices deliver case management, utilization management, independent medical evaluations, bill review and disability management programs. CorVel serves over 2,000 clients through its 145 offices and 3,100 employees in 49 states.
SOURCE CorVel Corporation
Web site: http://www.corvel.com
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http://www.prnewswire.com/comp/158669.html CONTACT: Heather Burnham of CorVel Corporation, +1-949-851-1473
