Orchid Medical Partners With MSQ Reducing Medical Implant Device Cost to Workers’ Comp Payers
2012 CWC & Risk Conference & Expo
ORLANDO, Fla. & DANA POINT, Calif.–(BUSINESS WIRE)–Orchid Medical, a national leader in ancillary healthcare services for workers’ compensation, has formed a strategic partnership with MedicalServiceQuotes.com (MSQ), opening another avenue for payers to access Orchid Medical’s cost savings program of high quality medical implant devices for injured workers.
The announcement was made today concurrent with the 2012 CWC & Risk Conference & Expo being held September 19-21 in Dana Point, CA, where Orchid Medical is an exhibitor.
Orchid Medical offers among its services a cost-efficient delivery system for surgical implant devices that gives workers’ compensation payers direct access to the implant manufacturer’s pricing, reducing the cost of implant surgery prevalent in workers’ compensation injuries.
The alliance makes Orchid Medical the exclusive medical implant device supplier for MSQ’s workers’ compensation payer customers.
Denver-based MedicalServiceQuotes.com (MSQ) is a quote procurement company that provides insurance payers with an automated web environment to expedite pricing quotes for medical services. Its unique patent-pending database technology matches payer needs with qualified vendors and providers who receive customer ratings for their service and performance.
“We share Orchid Medical’s philosophy of good customer service and the elimination of excess cost in the medical implant delivery chain, which brings savings to the industry,” said Kent Morgan, President and CEO of MedicalServiceQuotes.com (MSQ). “Orchid Medical’s transparent cost structure is not something we have seen with other implant programs we reviewed.”
“Medical implant devices represent one of the most cost-inflated areas of medical treatment for injured workers,” said Oliver Ostlander, Chief Information Officer for Orchid Medical, noting the mark-up in medical implant devices can be up to 300%. “By taking out the middleman, we are substantially reducing a major cost driver in workers’ compensation surgical claims.”
Orchid Medical introduced the cost savings measure earlier this year as part of its Surgical Cost Containment Program developed in cooperation with Medical Implant Solutions (MIS).