Kansas City Workers’ Compensation Leaders Announce Merger

August 31, 2012 – Kansas City, MO

Cobalt Ventures LLC, a wholly own subsidiary of Blue Cross and Blue Shield of Kansas City, and CompResults, LLC are proud to announce the merger of Premier WorkComp Management and CompResults.  Premier WorkComp Management is owned by Cobalt Ventures, LLC.

The new company will be known as CompAlliance and will offer a full suite of workers’ compensation services which include nurse case management, bill review, provider networks and substance abuse testing.  “We’re very excited about this merger.  Clients and service providers of CompAlliance can expect increased efficiency, enhanced technology and improved methodologies with the new company,” said Jim Weir, President and CEO of CompResults and CompAlliance.

“With the positive results both organizations have experienced and the potential for growth on a regional and national basis, bringing the two companies together made perfect sense,”  said Jeff Nelson, Interim President and COO of Cobalt Ventures.

The management team at CompResults will assume the leadership role in the new, merged CompAlliance.  Clients, network health care professionals, and distribution partners like Third Party Administrators and workers’ compensation brokers will experience an enhancement in service and support as a result of the merger.

Cobalt Ventures is a wholly-owned subsidiary of BlueKC (Blue Cross and Blue Shield of Kansas City) offering innovative solutions to improve existing health care services.  Companies in Cobalt Ventures include New Directions Behavioral Health (NDBH), Preferred Health Professionals (PHP), Premier Workcomp Management (PWC), Cobalt Astra, Cobalt MedPlans and Cobalt Talon.

CompResults is a Fairway, KS-based managed workers’ compensation company delivering powerful results to clients and more than 12,000 network providers by creating mutually beneficial relationships. By utilizing state of the art technology, CompResults duplicates many of the efficiencies of larger national companies. The ability to expedite accurate payment to network providers, and flexibility in designing workflow solutions that meet individual client needs and implementing them quickly, set CompResults apart in the workers’ compensation industry.

For more information please contact Jim Weir at 913-310-9800.