CorVel Corporation Announces New Expert Review Matrix in MedCheck Systems

CorVel Corporation Announces New Expert Review Matrix in MedCheck
Systems 


IRVINE, Calif., July 19  /PRNewswire-FirstCall/ -- CorVel Corporation
(NASDAQ:CRVLE) today announced the availability of the Expert Review Matrix
(ERM) version of the Company's MedCheck systems.  MedCheck systems provide
medical review for major insurers, third party administrators (TPAs) and
employers for healthcare benefits plans, workers' compensation and automobile
insurance.  The latest ERM release capitalizes on advances in image processing
and artificial intelligence (AI) to optimize medical review savings.

MedCheck systems manage medical transaction processing to guide payors'
reimbursement of healthcare practitioners.  CorVel's remote capture and
conversion of healthcare transactions to an electronic format has facilitated
more sophisticated workflow processes.  This latest version of MedCheck allows
several different specialized reviews to be integrated within the overall
reimbursement process.  ERM processing techniques allow specialists in each
diagnosis category, regulatory jurisdiction or benefit category access to bills
across the country through MedCheck's secure server.  This access permits
CorVel specialists to utilize their knowledge and provide optimum review for
each bill, in lieu of the current generalized approaches in competing systems.

"CorVel is very proud to announce the new Expert Review Matrix enhancement to
our MedCheck systems.  We are excited to offer this unique service and feel
that this technology will not only improve our processing for payors, but also
offer increased savings to our customers," said Gordon Clemons, President and
CEO, CorVel Corporation.

The system can be implemented to capture medical billings onsite and remotely
in a payor's distributed facilities.  MedCheck's remote capture capabilities
replace the need for traditional scanning centers and shorten the time required
to process medical billings.  State-of-the-art management consoles track all
medical billings through each stage of processing, assuring timely completion
as well as effective monitoring of all work.  The system's AI engine includes
over nine million individual rules, creating a comprehensive review process
that has achieved industry leading savings results and either reduces or
eliminates manual tasks.  Special reviews can be incorporated, with ERM
processing included, without delaying completion of the full review.

ERM capabilities, though recent additions, were piloted late last year and have
been operating in production environments for several months.  The Company
plans further extensions of this technology.

CorVel Corporation is an independent, nationwide provider of healthcare
management services in the workers' compensation, group health and auto
insurance markets.  The company provides services to employers, government
entities, insurance companies and third party administrators.  In addition to
the company's networks of preferred providers, its offices deliver case
management, utilization management, independent medical evaluations, bill
review and disability management programs.  CorVel serves over 2,000 clients
through its nationwide branch office network. 

DATASOURCE: CorVel Corporation



CONTACT:  Heather Burnham of CorVel Corporation, [phone]



Web site:  http://www.corvel.com/

Copyright