"The SmartAdvisor Real Time Partner Bridge reduces bill review turnaround time by an average of three days compared to conventional Electronic Data Interchange (EDI)," said Nina Smith, SVP and GM of the Mitchell International SmartAdvisor Solutions Division. "The Real Time Partner Bridge gives our customers a true strategic advantage in a time when the workers' compensation marketplace is experiencing significant challenges, such as increased indemnity and medical costs while premiums decline."
The Real Time Partner Bridge is built on standard XML file formats, and leverages software-on-demand technology so that users can instantly obtain the latest repricing data from PPOs, negotiation partners, specialty reviewers and other specialty networks.
In direct contrast to the traditional pend and transmit approach to information exchange in the workers' compensation marketplace, the Real Time Partner Bridge gives payers instantaneous visibility into performance and process benchmarks using only the most current, accurate PPO contracts and repricing data. Mitchell can, in most cases, implement the standard Real Time Partner Bridge in under 30 days, compared to the 90 to 100 days typically needed for EDI installations.
