SPNet is the first company to develop a boutique specialty network for workers’ compensation solutions. In April 2008, SPNet was started as an alternative solution for stakeholders in the workers’ compensation arena. As networks became more prevalent, it was clear that an opportunity existed to create a model that would allow the stakeholders (the injured worker, employer, insurance companies, TPAs, claims management team and providers) to benefit from a partnership environment where the focus was on clinical outcomes as well as overall program cost reductions.
Through the unique SPNet model, working with engaged client leadership and clinicians, we have been able to deliver market leading cost containment strategies that produce competitive discounts AND 15-25% reductions in overall utilization. In August 2008, SPNet signed its first customer and has grown annually each year. We currently service a variety of industry sectors.