Press | October 31, 2016

Mitchell to Acquire Integrated Prescription Solutions

Strengthens Mitchell’s ScriptAdvisor PBM solution; Brings new customers

SAN DIEGO, CA—November 2, 2016—Mitchell, a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) industry, today announced that it has acquired the assets of Integrated Prescription Solutions, a pharmacy benefit management (PBM) company for the workers’ compensation industry. The acquisition further strengthens Mitchell’s ScriptAdvisor™ PBM solution, and brings more than 70 new customers to the Company.

Integrated Prescription Solutions specialty offerings will be rolled into the ScriptAdvisor offering - Mitchell's full end-to-end pharmacy benefit management solution offered to insurers, third party administrators, self-insured entities, and state funds. The solution includes customizable first fill programs, integrated out-of-network bill and electronic claims processing, adjudication of prescription drugs, formulary design, clinical management, and mail order pharmacy services. Integrated Prescription Solutions also provides customers with automated prior authorization tools and online portal technology as well as ancillary services, including durable medical equipment.

"We are excited to offer our comprehensive product suite to Integrated Prescription Solutions customers." said Alex Sun, President and CEO of Mitchell. "Mitchell and Integrated Prescription Solutions customers alike now have access to next level solutions and services that help them drive their business even further."

The acquisition of Integrated Prescription Solutions is Mitchell’s latest strategic investment in the Company’s growing PBM business aimed at creating better outcomes for customers while building upon existing industry-leading expertise. Integrated Prescription Solutions capabilities support Mitchell’s unique technology and claims expertise, simplifying the claims process while achieving measurably better claims outcomes.

"We are excited about combining our PBM solution with Mitchell’s ScriptAdvisor offering, and their innovative strategy to integrate PBM with its other casualty solutions to improve the total cost of medical care,” said Greg Todd, President and CEO of Integrated Prescription Solutions. "Mitchell shares our customer commitment which enables them to deliver better outcomes through the wide breadth of solutions they offer to the P&C industry."

More information on Mitchell’s ScriptAdvisor can be found at: www.mitchell.com/scriptadvisor

About Mitchell International

Headquartered in San Diego, California, Mitchell International, Inc. is celebrating its 70th year of enabling better business outcomes for its customers. Mitchell delivers smart technology solutions that simplify and accelerate claims handling processes, driving more accurate, consistent, and cost-effective resolutions. Mitchell integrates deep industry expertise into workflow solutions, which provide unparalleled access to data, advanced analytics and decision support tools. Mitchell's comprehensive solution portfolio and robust SaaS infrastructure connect its customers in ways that enable tens of millions of electronic transactions to be processed each month for more than 300 insurance companies, over 30,000 collision repair facilities and countless other Property & Casualty industry supply partners across the Americas and Europe. For more information, please visit www.mitchell.com.

About Integrated Prescription Solutions

Integrated Prescription Solutions, Inc. (IPS) provides workers compensation pharmacy benefit management and ancillary services to self-insured employers and third party administrators. IPS offers web-based, workers compensation managed care (WC/MC) medical cost-containment solutions to the employee injury marketplace. The IPS MatRx™ operating system allows employers and adjusters to monitor, manage and make real time authorizations around the clock to injured worker treatment protocols, point-of-sale eligibility and manage formulary selections throughout 65,000+ pharmacies

 

The Latest in

Filter By

Related News

{{ArticleCategory(article)}} MPower

{{article.Title}}

@Mitchell_Intl

{{article.ShortDescription | text}}

More News

Will IoT upend the current insurance industry? https://t.co/paLngA6NqA via @ITLupdates Will IoT upend the current insurance industry? https://bit.ly/2tA9vOW via @ITLupdates
Technology-enabled services can provide a variety of benefits to claims organizations including flexibility, scalability and easier integration processes. https://t.co/oDhgVcly5A Technology-enabled services can provide a variety of benefits to claims organizations including flexibility, scalability and easier integration processes. https://bit.ly/2TwYB7o
The new SB1 regulations will allow for new policy limit options in Michigan, as well as mandate a new auto no-fault fee schedule, ultimately having a major impact on the auto casualty insurance market in Michigan. https://t.co/ebVDI2zsH3 The new SB1 regulations will allow for new policy limit options in Michigan, as well as mandate a new auto no-fault fee schedule, ultimately having a major impact on the auto casualty insurance market in Michigan. https://bit.ly/2TuTAwi
Debbie Day, EVP of Auto Physical Damage at Mitchell, shares how we're using augmented reality to transform collision repair and claims at #snapdragonsummit. https://t.co/qbDknJ4HDG Debbie Day, EVP of Auto Physical Damage at Mitchell, shares how we're using augmented reality to transform collision repair and claims at #snapdragonsummit. https://bit.ly/38fcJq4
From passive to active safety systems, airbag technology is moving beyond just reducing injuries. https://t.co/s26RNJgnyv From passive to active safety systems, airbag technology is moving beyond just reducing injuries. https://bit.ly/30DKJtO
Mitchell RepairCenter Now Offers Integration with QuickBooks Online. https://t.co/Vz3soZ9e0v Mitchell RepairCenter Now Offers Integration with QuickBooks Online. https://bit.ly/3ahoMoy
Our latest Industry Trends Reports are available, including the Auto Physical Damage and Casualty editions. Click here to view the reports and subscribe to receive industry trends and insights. https://t.co/MZO6DMAwiO Our latest Industry Trends Reports are available, including the Auto Physical Damage and Casualty editions. Click here to view the reports and subscribe to receive industry trends and insights. https://bit.ly/2slRymM
Celebrate success! The Mitchell mPower Awards recognize companies for their innovative approaches to supporting the Property & Casualty and collision repair industries. Know someone that fits the description? Nominate them here - https://t.co/Eacgczii5B https://t.co/asKCubmB2A Celebrate success! The Mitchell mPower Awards recognize companies for their innovative approaches to supporting the Property & Casualty and collision repair industries. Know someone that fits the description? Nominate them here - https://bit.ly/2PdN2Ql

“As the world requires more and more speed, the claims representative needs to assess that information, and move it towards resolution at an ever-quickening pace.” – Tony Piloseno, Casualty Bodily Injury Resolution Leader at @Westfield1848 https://t.co/NryveWC9ee “As the world requires more and more speed, the claims representative needs to assess that information, and move it towards resolution at an ever-quickening pace.” – Tony Piloseno, Casualty Bodily Injury Resolution Leader at @Westfield1848 https://bit.ly/2VxOAFX
Download this year-end review to get an overview of #medicalmarijuana clinical basics, recent legislative happenings and current research into the drug. https://t.co/Xss8wgRDsU Download this year-end review to get an overview of #medicalmarijuana clinical basics, recent legislative happenings and current research into the drug. https://bit.ly/38sjRQR
"Emotion AI might be used to gain a better understanding of user frustrations and pain points, helping to guide improvements that streamline and simplify the P/C insurance claims process." https://t.co/j5h4HeVvOj via @CarrierMgmt "Emotion AI might be used to gain a better understanding of user frustrations and pain points, helping to guide improvements that streamline and simplify the P/C insurance claims process." https://bit.ly/2sJBZoW via @CarrierMgmt
From EVs to automation, we explore look at the top five automotive trends for 2020 and beyond. https://t.co/Jx8wR781xX From EVs to automation, we explore look at the top five automotive trends for 2020 and beyond. https://bit.ly/36uzllM
Using Advanced Reporting & Analytics in the Claims Process. https://t.co/NKHYTqc1wk Using Advanced Reporting & Analytics in the Claims Process. https://bit.ly/2shEm23
A round-up of our casualty must-reads, written by Mitchell experts. https://t.co/4jTeU1lKvW A round-up of our casualty must-reads, written by Mitchell experts. https://bit.ly/36xqAY9
From medication safety to cyber security to an aging workforce, we explore the three major trends impacting #workerscomp. https://t.co/NG1pHbwRmp From medication safety to cyber security to an aging workforce, we explore the three major trends impacting #workerscomp. https://bit.ly/35ArGSx

Terms of Use | Privacy Practices | Copyright & Usage | [+} Report a Problem
© 2019 Mitchell International, Inc. All Rights Reserved.
By accessing Mitchell.com, each user agrees that they have read and agreed to be bound by the
Terms and Conditions governing Mitchell.com and Privacy Policies governing Mitchell.com.


paykasa bozdurma paykwik bozdurma