KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--MedRisk, Inc., the workers’ compensation industry leader in specialty managed care services, has announced the creation of its Risk Information and Business Intelligence (RIBI) unit. RIBI’s first initiative is to roll out a new reporting platform featuring state-of-the-art graphics and outcomes analytics.
“MedRisk has always been data-driven and research oriented,” said CEO Shelley Boyce.
“We’ve been collecting and analyzing information on physical medicine comp claims for more than 15 years in order to develop and enhance treatment guidelines and cost control strategies. With the addition of RIBI, we’re establishing transparency of process and results to deliver outcomes data directly to our clients via the web.”
MedRisk’s RIBI system will deliver real-time data and presentation-ready graphics, so clients can quickly and easily communicate results to their stakeholders. The sophisticated, interactive system is completely secure and enables reports to be accessed 24/7 on just about any device, including mobile phones, other hand-held devices, e-readers, and computers.
This new platform will also allow the seamless integration of payer data to develop a full picture of the treatment episode from injury through return-to-work.
“With this new service, work comp payers can analyze their physical medicine outcomes, apply predictive modeling to identify new opportunities and trend results,” Boyce added.
Client roll-out will begin later in the year.
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, state funds and general managed care workers’ compensation companies. More information is available at www.medrisknet.com or by calling 1-800-225-9675.