2014

CorVel Announces MedCheck 2000 Version 3.5

    IRVINE, Calif., Aug. 10 /PRNewswire/ -- CorVel Corporation (Nasdaq:   CRVL),
 a national healthcare management company, today announced the introduction of
 version 3.5 of its industry-leading medical bill review and PPO (preferred
 provider networks) management software, MedCheck 2000.  MedCheck 2000
 adjudicates medical reimbursement for workers' compensation, automobile and
 accident & health medical claims.
     Casualty claims are typically managed through many geographically
 dispersed offices.  MedCheck 2000 is web-enabled, allowing claims to be
 submitted electronically, as well as through traditional paper processes.
 Version 3.5 includes expanded PPO administration features and browser-based
 interfaces for both claims processing and reporting.  The product had been
 previously expanded to include features unique to the processing of automobile
 claims.  The current release is focused on applications in the workers'
 compensation market, and is of particular interest to State Funds,
 municipalities and other large insurance and third party administrator (TPA's)
 payors.
     CorVel customers can utilize MedCheck's service bureau capabilities to
 outsource their bill review processing needs.  However, they can also process
 varying portions of their workload from their own sites, or utilize MedCheck
 on an Application Services Processing (ASP) basis.  In this latter mode the
 claims administration organization can access the software over the Internet
 and process all, or a portion of their claims, themselves.  The use of ASP
 processing allows payors to benefit from all of MedCheck's capabilities
 without having to invest in computer systems, software support and maintenance
 or the administration of the many information databases critical to proper
 medical reimbursement adjudication.
     MedCheck includes automated processing capabilities.  CorVel's artificial
 intelligence module "First Review" is designed to evaluate incoming medical
 bills, apply medical protocols and reimbursement guidelines and complete the
 reimbursement of the medical professional, all automatically.  In addition,
 CorVel's Business-to-Business (B2B) website CareMC, http://www.caremc.com
 incorporates MedCheck 2000.  CareMC provides claims professionals a portal
 that gives them the ability to view online, medical claims in process and to
 both approve bills for payment as well as make decisions regarding next steps
 in the management of the claim.
     MedCheck 2000 is architected so that customers can seamlessly blend
 outsourced processing with work performed internally.  Claims professionals,
 as well as various levels of management, can easily access real-time reports
 of claims history.  CorVel's 185 offices nationwide provide a network of local
 resources, which can be engaged on an as-needed basis to bolster the
 capabilities of insurers and TPA's employing MedCheck.
     The reporting module allows claims processors to view approved bill
 history by claim, claimant, provider, or their business entity (department,
 division, region, etc.).  The reports can be structured to focus on summary or
 detailed information and can include work completed in the current day's
 activities.
 
     About CorVel
     CorVel Corporation (http://www.corvel.com/) is a national provider of
 leading-edge services and solutions in the field of managed healthcare.
 CorVel specializes in applying information technology and e-commerce
 applications to improve healthcare management in the workers' compensation,
 accident and health, auto and disability management insurance markets.  The
 Company provides networks of preferred providers, case management, utilization
 management, independent medical evaluations and medical bill review to more
 than 1,000 clients through its 2,850 associates and 185 offices in 49 states.
 Leveraging its commitment to flexibility and personal service, CorVel delivers
 custom solutions for employers, insurers, third party administrators and
 government entities.
 
     This press release contains forward-looking statements that are subject to
 risks and uncertainties, including the risk that the historical financial
 performance of CorVel may not be indicative of future financial performance
 and the risk that anticipated events do not occur as planned, as well as other
 risks detailed from time to time in the company's SEC reports, including the
 report on Form 10-K for the year ended March 31, 2000, and the company's most
 recent form 10-Q.
 
 

SOURCE CorVel Corporation
RELATED LINKS
http://www.corvel.com

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