MedRisk unveils workers comp cost containment service

MedRisk Inc. on Wednesday said it is introducing a new product that aims to tackle workers compensation cost containment with improved technology to ensure accurate payment.

NexGen Advantage will use analytics and computer programs to examine a number of medical claim factors, including jurisdiction, bill type, facility and provider type, to identify and deliver a combination of strategies to ensure “accurate and fair” medical payment of individual bills, the King of Prussia, Pennsylvania-based managed care services firm said in a statement.

“NexGen leverages the buying power of a mega network with more than 900,000 providers … (a) powerful data analytics system, and expert clinical intervention to capture additional savings after bill review,” Mary O’Donoghue, MedRisk’s chief product development officer, said in the statement.