Mitchell International, a provider of information, workflow, and performance management solutions to the property/casualty claims industry, has entered into an agreement to acquire the workers' compensation medical cost containment business of Fair Isaac Corporation. Fair Isaac has offered medical cost containment technology and services to the workers' compensation industry through this strategic business unit by providing a suite of medical bill review solutions including Smart Advisor, its flagship technology solution, and its extensive portfolio of outsourced and medical professional review offerings.
"Through this significant acquisition, Mitchell is extending its presence and leadership in the casualty claims realm, both in the auto and workers' compensation arenas," says Jim Lindner, executive chairman of the board for Mitchell.
Through product offerings such as its Decision Point medical bill review and ClaimIQ decision-support solutions, Mitchell Medical, the company's casualty solutions division, currently offers cost containment technology and service solutions to the auto casualty claims market.
Alex Sun, president and CEO of Mitchell, adds: "I'm looking forward to working with the new Mitchell Medical workers' compensation team and achieving great things together through an enhanced commitment to innovation and a focus on truly distinguished customer service--just as we have done in auto casualty claims cost containment."
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