DAVID and Smart-UR Form Alliance

Insurance and Risk Management Software Provider and Smart-UR Partner to Provide Integrated Cost-Saving Solution to Workers’ Comp Professionals

SAN FRANCISCO--(BUSINESS WIRE)--DAVID Corporation, a leading provider of risk management and insurance software and services, and Smart-UR, a top provider of cost-containment utilization review technology, today announce that they have partnered to provide workers’ compensation services to self insured organizations, Third-Party Administrators (TPAs) and other risk professionals involved in the claims adjudicating and medical review process.

“UR is the only effective methodology to prospectively control Workers’ Compensation medical costs. Unfortunately, as practiced today, UR is incredibly inefficient and expensive”

Smart-UR (www.smart-ur.com) simplifies the labor-intensive process of medical utilization review (UR). Smart-UR automates requests for authorization for workers’ compensation treatment, and reduces requests sent to Utilization Review companies by 50-60%, producing direct savings in operational costs of 30-50%.

“UR is the only effective methodology to prospectively control Workers’ Compensation medical costs. Unfortunately, as practiced today, UR is incredibly inefficient and expensive,” stated James A. Schlueter, President of Smart-UR. “The current state of UR requires a highly labor and paper intensive process; and in most cases the outcome is the approval of the initial request. Smart-UR has the ability to optimize the use of highly paid medical professionals by targeting and approving those requests that, based on the specific request and prior treatment history, will be considered medically necessary; cutting the volume of UR requests needing UR by upwards of 60% while the end outcomes remain unaffected. In addition, Smart-UR is able to reduce 99% of the UR administrative burden.”

DAVID’s NavRisk^® Claims system will link seamlessly with Smart-UR, initiating treatment requests and enabling users to quickly view the UR outcome within the NavRisk application.

“DAVID has served the Workers’ Compensation market for over 25 years, and we have seen the market evolve into a complex labyrinth of processing, reporting and regulations. Workers’ Compensation claims are driven by medical costs. As of late, these costs have greatly outpaced all other costs, making their containment a key goal of every Workers’ Compensation professional. As the adoption of sophisticated UR practices increases, we find that the next logical step is providing automation to improve the effectiveness and efficiency of this critical component of the workers’ comp claim lifecycle,” stated Alex Aminian, President and CEO of DAVID Corporation. “Partnering with Smart-UR adds additional value and significant ROI to our clients by helping reduce the costs associated with processing and paying workers’ compensation claims.”

About DAVID Corporation

DAVID Corporation has been providing software and services to commercial and alternative P&C insurance markets for more than 25 years. From underwriting through policy renewals, from loss report to final settlement, DAVID partners with our clients to optimize their business processes and maximize productivity. DAVID Corporation is headquartered in San Francisco, California. Contact DAVID at 800-55-DAVID or visit www.davidcorp.com.

About Smart-UR

Smart-UR is an operating division of J.A. Schlueter & Company (JASCO). JASCO delivers operational efficiency and business development strategies to major markets. JASCO is headquartered in Los Angeles, CA. Contact Smart-UR at: 818-790-2392 or visit www.smart-ur.com.