San Diego, CA – Mitchell, a provider of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair Collision Repair industries, recently announced that it will acquire FAIRPAY Solutions, an industry-leader in workers’ compensation, liability and auto cost containment and payment integrity services. This acquisition will expand Mitchell’s robust solution suite of bill review and out-of-network negotiation services and complements its acquisition of National Health Quest (NHQ) in 2012. The terms of the transaction were not disclosed.
FAIRPAY Solutions provides customers with its specialty bill review solution that delivers jurisdiction-specific savings on medical charges from high-value bills. The company’s proprietary methodology incorporates data assets from more than 20 public and proprietary databases containing cost, charge, and accepted payment data for over 300 million medical transactions. FAIRPAY Solutions also provides out-of-network negotiation services, known as Knowledgeable Provider Negotiation (KPN), for instances where specialty bill review does not apply. As a result, FAIRPAY Solutions services can provide significantly increased savings for high value, complex medical bills, achieving additional discounts after bill review of up to 55% for clients.
“This strategic investment in FAIRPAY Solutions reinforces our steadfast commitment to producing measurably better outcomes for our clients, providing exceptional Mitchell solutions and services that help them continue to be competitive in an ever-changing industry,” said Alex Sun, President and CEO of Mitchell. “Combining FAIRPAY Solutions, the market leader in specialty bill review services, with our industry-leading bill review and out-of-network negotiation services will offer our clients the broadest set of cost containment products and services available from a single provider.”
“The P&C industry now has an exciting opportunity to take advantage of the most comprehensive bill review and negotiation solutions on the market in Mitchell and FAIRPAY Solutions services,” said Chad Birckelbaw, President and CEO of FAIRPAY Solutions. “As a result, we can continue to offer the P&C market differentiated solutions that create even greater value and drive significant cost savings for customers.”
In concert with Mitchell’s NHQ product, Mitchell plans to offer FAIRPAY Solutions specialty bill review to both the auto and workers’ compensation markets, along with out-of-network negotiation services. Mitchell will maintain relationships with other bill review and negotiation service providers as well, in order to offer Mitchell clients the service options that are best suited to their needs. Mitchell has no immediate plans to change its relationships with its bill review and negotiation service partners.