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CompIQ Technology

CompIQ Technology
Medical bill review software

For the Casualty & Workers’ Compensation Insurance Market

The CompIQ software is a highly secure, cloud-based platform designed to simplify the medical bill review process for everyone involved. Insurance carriers, third-party administrators, state funds, and cost containment vendors across the United States trust CompIQ for their medical bill review needs.

We proudly deliver industry-leading outcomes in cost savings, quickly implement fee schedule updates to maintain compliance, and offer the agility and flexibility that you should expect in a modern-day software partner.

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How CompIQ’s
Medical Bill Review Software Can Help You

KEY FEATURES THAT HELP YOU SAVE MONEY, MAINTAIN COMPLIANCE, & STREAMLINE PROCESSES

Because there are no rules in the casualty insurance market that govern what a medical provider can bill and not bill, companies must independently adjudicate bills to determine the appropriate and accurate rate of reimbursement. This process can be tedious at best and non-compliant at worst. CompIQ’s medical bill review software can simplify the medical bill review process so that you can save money, maintain compliance, and streamline processes.

IQReview is a powerful proven software platform solution that automates the review process for workers’ compensation claims. By streamlining the bill review workflow, it minimizes human error and accelerates processing times while providing comprehensive insights into billing discrepancies. With its user-friendly interface, this product seamlessly integrates into existing workflows, making it an essential tool for organizations looking to enhance their billing operations.

01

Process Payments
Directly in Platform

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Increased Accuracy

03

Maintain Compliance

04

Cost Savings

05

Integrates With Your
Existing Technologies

06

Increased Efficiency

Process Payments Directly in Platform

CompIQ integrates with Zelis to support payment processing for our customer base, right from the software’s dashboard. This opt-in service delivers payment to healthcare providers on behalf of CompIQ’s medical bill review customers. Payments can be delivered via ePayment or physical checks.

The CompIQ software also offers ultimate flexibility, so that you can elect your preferred method of payment. However, our in-app payment integration is a simple and friction-free way to make payments. Today, we have more than 275,000 providers opting into this program.

Increased Accuracy

Incorporates a compliant system with integrated bill review rules to ensure both billing and state reporting accuracy, significantly reducing errors and ensuring adherence to regulatory standards.

Maintain Compliance

Compliance is king when dealing with 50 states that are dynamic and diverse when it comes to how to correctly pay and process medical bills in their jurisdictions. CompIQ maintains the most compliant platform in the industry.

Our platform’s rules engine relies on NCCI, ICD-10, CPT, DRG, healthcare common procedure coding system, dental, revenue codes, Rx databases, and federal reimbursement schedules to support geographic requirements in all 50 states. Thanks to our proprietary rule sets and highly tenured compliance specialists, we’re able to deploy fee schedule updates within days or weeks—not months. This means you don’t have to worry about falling out of compliance for any reason.

Cost Savings

Identify Cost Savings With Our Powerful Algorithm-Based Technology. Once the data has been extracted and validated, the CompIQ software uses proprietary algorithms to compare each bill to state-specific fee schedules. The rules engine that powers the medical bill review software contains over 10,000 rules written over two decades. This means that our high-powered platform is programmed to identify even the smallest billing discrepancies. With CompIQ, you no longer have to worry about human error leading to missed savings opportunities.

Integrates With Your Existing Technologies

The ability to integrate with any claims system in a transparent and secure manner is what sets CompIQ’s medical billing review software apart. We consider our core competency in this area to be a major competitive advantage, and we pride ourselves on being able to deliver exactly the integration process that you require at a pace and level of quality that is 2-3X faster than our competition.

Increased Efficiency

Maximizes efficiency by optimizing workflow processes, reducing bottlenecks, and enabling faster bill review.

IQSymphony is an always evolving platform enabling adjusters to manage a claim’s lifecycle with greater accuracy and efficiency. Equipped with live integration, automation, and customizable workflows, IQSymphony supports insightful decision-making and optimized cost management. At its core, IQSymphony provides real-time control over claims with an intuitive interface tailored to the needs of adjusters.

01

Enhanced Decision-Making

02

Increased Workflow Flexibility

03

Concentrated Collaboration

04

Integrates With Your Existinging Technologies

”The attention to detail and service to our Partnership has been spectacular. They are always providing us with the udpates on the software programs we utilize, along with being very responsive to our needs.

DIRECTOR OF OPERATIONSRegional Bill Review Company

Enhanced Decision-Making

Provides real-time insights and actionable data, empowering adjusters to make informed decisions quickly and effectively.

Increased Workflow Flexibility

Customizable workflows with automation features ensure adjusters focus on higherpriority actions.

Concentrated Collaboration

Facilitates communication among adjusters, Bill Review, and ancillary partners, improving coordination on bill approvals and other claimrelated actions such as referrals and utilization review.

Integrates With Your Existinging Technologies

The ability to integrate with any claims system in a transparent and secure manner is what sets CompIQ’s medical billing review software apart. We consider our core competency in this area to be a major competitive advantage, and we pride ourselves on being able to deliver exactly the integration process that you require at a pace and level of quality that is 2-3X faster than our competition.

Our Product Offerings

At CompIQ, maximizing our customers’ medical savings isn’t just a goal–its our unwavering commitment. Whether you’re leveraging our cutting-edge medical bill review platform or relying on our team of seasoned experts to manage it for you, we’re dedicated to delivering results. Together, we’re transforming the medical billing landscape for the better.

IQExtract

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The first step in the Medical Bill Review process is ensuring high-quality bill data is extracted. We can help with sorting, scanning, and/or data capture services for both physical and digital receipts—including various flexible integrations.

Bill Review Services

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Whether you need to augment or fully outsource your bill review services, CompIQ’s team of highly tenured medical bill review specialists can help. We can guarantee bill processing stability and dependability so that you can focus on the things that matter most.

Bill Review Software Lease

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CompIQ’s Bill Review Software Lease provides flexible, scalable solutions to enhance your bill review process. Our software ensures reliable, efficient processing, allowing you to focus on your core operations.

AuditIQ

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AuditIQ combines an exceptional team of expert auditors and seasoned negotiators to achieve the highest level of defensible savings for our clients. The AuditIQ team works closely with clients and providers with a focus on payment integrity and recommending the correct payment, on time, the first time. This program has a 97% provider acceptance rate on audits and a vast network for successful negotiations.

Network Solutions

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We’re proud to have access to national, regional, and specialty PPO networks. Our clients can choose to leverage our networks, manage their PPO contracts directly, or design a hybrid approach and get access to the best of both worlds.

IQPay

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Reduce costs by making payments to providers and vendors directly from the CompIQ integrated platform. Seamless integration gives you the ability to reduce the amount of time it takes to get payments adjudicated while providing improved tracking and audit capabilities and reducing overall costs.