San Diego — Mitchell International Inc., a provider of information, workflow and performance management solutions to the property/casualty claims and collision repair industries, entered into an agreement to acquire the workers’ compensation medical cost containment business of Mineapolis-based Fair Isaac Corp.
Fair Isaac offers medical cost containment technology and services to the workers’ compensation industry through this strategic business unit by providing a comprehensive suite of medical bill review solutions, including its flagship technology solution Smart Advisor, and its portfolio of outsource and medical professional review offerings.
"Through this significant acquisition, Mitchell is extending its presence and leadership in the casualty claims realm, both in the auto and workers’ compensation arenas," says Mitchell’s Executive Chairman of the Board Jim Lindner.
Through product offerings such as its Decision Point medical bill review and ClaimIQ decision support solutions, Mitchell Medical, the company's casualty solutions division, offers a broad set of cost containment technology and service solutions to the auto casualty claims market.
Alex Sun, president and CEO of San Diego-based Mitchell adds, "I'm looking forward to working with the new Mitchell Medical workers’ compensation team and achieving great things together through an enhanced commitment to innovation and a focus on truly distinguished customer service—just as we have done in auto casualty claims cost containment. We are committed to serving our customers and look forward to supporting Fair Isaac’s bill review clients."
"Looking forward, we see a tremendous opportunity to unite the collective expertise of our auto and workers’ compensation teams so that we can identify new technologies that will satisfy the complex and changing regulatory environment, as well as furthering the work we are accomplishing today in data analytics,” Sun says. “It will be an exciting next stage in our casualty capability.
Source: Michell International Inc.
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