NEWS RELEASE
StrataCare and SmartComp Form Strategic Partnership
Agreement offers StrataCare clients access to SmartComp's extensive physical medicine specialty network while SmartComp benefits from StrataCare's leading national bill review software
Irvine, Calif. - June 12, 2006 - StrataCare, Inc., the premiere national bill review software solutions and service company, and SmartComp, LLC, the nation's leading physical medicine network, announced today that they have agreed to a three year strategic partnership effective June 1, 2006.
The partnership allows StrataCare to offer its growing client base access to SmartComp's physical medicine specialty provider network that has over 6,400 locations and 26,000 (physical therapy, occupational therapy and chiropractic) providers nationwide. In addition, this partnership also allows SmartComp the ability to utilize the nation's leading workers' compensation bill review software, StrataWare.
"Our partnership on the network side offers StrataCare clients an enhanced network solution specific to physical medicine that is seamless and provides increased savings for their bottom line," said Scott Green, CEO of StrataCare. "Clients of both companies will improve managed care results through these tools for controlling costs and providing access to physical medicine providers."
Ken Hannigan, Senior Vice President of SmartComp, added, "StrataCare offers us cutting edge bill review software technology that will enhance our network solutions for our payer clients as well as our providers for years to come." Dr. Shannon Vissman, PT, Chairman and CEO of SmartComp, further added, "A strategic partnership with StrataCare keeps SmartComp on our tremendous growth mode while providing us a bill review platform that accelerates our technology capabilities."
Founded in 1998, StrataCare provides comprehensive Internet-based national bill review software, workflow and outsource solutions to the workers’ compensation payer community. StrataCare’s innovative solutions saved over two billion dollars in workers’ compensation costs in 2008 for some of the industry’s top insurance companies, third party administrators, managed care companies, and self-insured employers. StrataCare’s service division, CareSolutions®, offers electronic and mail-in bill review services nationwide. For more information, visit www.stratacare.com or call 800-277-6512.
SmartComp, founded in 2000 with their Corporate Offices based in Washington, PA provides a nationwide Physical Medicine Specialty provider network to the workers' compensation industry. For more information please visit www.universalsmartcomp.com or call 877-362-3391.
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