March 20, 2009

Medical Cost Remedy announces the release of  STAT ReviewTM

Addison, TX -- STAT Review is the latest and most technology advanced software solution offered by MCR. Boasting the only industry platform using provider reimbursement data as the benchmark for repricing out-of-network (OON) claims, STAT Review was demanded as an alternative to the Ingenix U&C Database. A database that has been the subject of numberous litigation actions recently for its inaccurate and biased numbers. STAT Review is available to third-party administrators (TPAs), Preferred Provider Organizations (PPOs), self-insured employers, re-insurers, and MGUs who desire to obtain greater savings on their OON claims.

MCRs STAT Review offers clients tremendous flexibility by allowing for processing anytime (24/7 supported) with instantaneous results - truly real time.  STAT Review offers a web-service interface allowing customers to process their claims themselves with minimal training and effort. "Clients are generating high profits in an area that traditionally was outsourced, with the client perhaps breaking even or making a few points of profit on the transaction" states Dr. Kevin Hatchett, President/CEO of Medical Cost Remedy, Inc. "Our solution has removed the two loudest complaints with claim processing - excessive turn time and vendor costs."

This new addition is the latest evolution of our software technology mission.  We have embedded our expertise and impeccable results into the application added Dr. Hatchett. We believe the next frontier of transparent medical pricing evolvement is to empower an individual or organization to choose a provider, not only based on quality of service, but also pricing as a key criterion.

'One of our TPA clients has experienced a 250% revenue increase through this solution. They are able to process hundreds of claims per minute' continued Dr. Hatchett. 'It is really a great benefit for our very satisfied clients. In fact, the majority of our new users in 2008 resulted directly from word of mouth referrals from our current clients.'