MedRisk Offers Debit Card for Workers' Comp Claims

MedRisk, Inc., a claims services and medical management company, has introduced its MPower Card, a new service for issuing workers’ compensation indemnity payments. It can be used as a stand-alone product or as part of MedRisk’s CLAIMExpert suite of services.

In association with a leading bank provider of stored-value services, MedRisk offers the Visa-branded debit cards and supporting processes to workers’ compensation payers. Claims payers electronically send payment files to MedRisk, which then coordinates with the bank to issue a card to each new claimant and deposit funds onto it. Subsequent claims payments are made by electronically transferring funds to existing cards.