Mrg Exams

What Mrg Exams does

MRG Exams is a privately held US company founded in 1998 by George Panstares and headquartered in Westlake, Ohio. It specializes in Independent Medical Exams (IMEs) delivered to two primary customer segments: enterprise insurance and claims organizations requiring objective medical evaluations for workers' compensation, disability, and other claim decisions, and the federal government via VA disability assessments for veterans. The company operates a nationwide network of licensed medical professionals — including nurse practitioners, physician assistants, audiologists, psychologists, physical medicine and rehabilitation providers, and optometrists — supporting both fixed-location and mobile examination delivery.

The core technology stack consists of proprietary in-house IME management software and a web-based client and provider portal (portal.mrgexams.com) used for scheduling, report generation, appointment management, and exam status tracking. The company cites over 1 million exams performed and over 400,000 claims supported since inception as evidence of operational scale. Supporting digital properties include a dedicated careers portal (careers.mrgexams.com) with a talent network registration feature and social sharing integration across LinkedIn, X, and Facebook for recruitment purposes.

MRG generates revenue through professional services fees paid by insurance carriers, claims adjusters, and government entities for IME delivery. Pricing is quote-based and not publicly disclosed. The company sells primarily through direct enterprise sales relationships, supplemented by a self-serve provider recruitment funnel, and reports no external funding rounds, M&A activity, or parent company. Ownership remains founder-led with George Panstares as President.

Name

Mrg Exams

Legal name

MRG Exams

Website

https://mrgexams.com

Company type

Private

Founded year

1998

Operating status

Operating

Short description

MRG Exams is a privately held US provider of Independent Medical Exams serving enterprise insurance and claims buyers and the federal VA disability program. Founded in 1998, it delivers nationwide IMEs via a licensed provider network supported by proprietary scheduling and reporting software.

Ownership category

akta.pro rank

Headquarters

HQ city

Westlake

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. IME Services: MRG provides Independent Medical Exam services to insurance companies, claims adjusters, and other clients requiring objective medical evaluations for workers compensation, disability, and other claim-related assessments.
2. VA Disability Exams: Disability assessment services for veterans, helping military families achieve work-life balance through independent evaluations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

MRG Exams provides Independent Medical Examination (IME) services and VA disability assessments delivered by a nationwide network of licensed medical professionals. The company schedules exams, manages reporting, and supports claim decisions for insurance companies, claims adjusters, and the U.S. Department of Veterans Affairs, with service delivery available via in-person appointments and mobile examination units.

Product overview

MRG Exams offers a unified suite of disability assessment services centered on Independent Medical Exams (IMEs). The core offering consists of VA disability exams performed by a network of licensed medical professionals (Nurse Practitioners, Physician Assistants, Audiologists, Psychologists, Physical Medicine and Rehabilitation Providers, and Optometrists). MRG supplements its service business with a web-based client portal for login and report access. Founded in 1998, MRG has performed over one million exams and helps clients manage over 400,000 claims nationwide. The company also develops proprietary software solutions to enhance exam efficiency and reporting quality.

Differentiator

Problem solved

Functional benefit

Products and services

• Independent Medical Exams (IME)

Quantifiable outcome

• Over 400,000 claims helped since inception
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• CorVel Corporation: CorVel is a national provider of workers' compensation and disability management services, including IMEs, case management, and bill review. It is a broader incumbent that competes with MRG's IME business while offering a much wider integrated services portfolio.
• Concentra (Select Medical): Concentra operates a national network of occupational health clinics and employer services, including physical exams, drug testing, and disability/return-to-work assessments. It overlaps with MRG's medical exam business as a broader incumbent in occupational and disability examinations.

Direct peers

• GENEX Services: GENEX Services provides IME, peer review, and disability management services to insurance carriers, employers, and government clients. It directly overlaps with MRG's IME services for workers' comp and disability claims at a larger national scale.
• QTC Management: QTC Management, a Leidos subsidiary, is one of the largest providers of VA disability and compensation & pension (C&P) examinations in the U.S. It directly competes with MRG Exams' VA disability exam business using a similar contracted-physician, nationwide delivery model.
• Dane Street: Dane Street is a national IME and peer review provider serving workers' compensation, auto, and disability insurance carriers. It is a direct commercial-side competitor to MRG Exams' insurance/claims IME business with comparable service lines and customer types.
• ExamWorks: ExamWorks is a leading IME and peer review services company serving insurers, attorneys, and government payers across the U.S. It is a direct competitor to MRG Exams in independent medical examinations and was later consolidated under GENEX.
• Managed Medical Review Organization (MMRO): MMRO is an independent peer review and IME provider serving workers' compensation, auto, and liability insurers. It competes with MRG Exams' commercial IME service line with a similar physician-network model and report delivery focus.
• IMX Medical Management Services: IMX provides IME, peer review, and medical record review services to insurance carriers, TPAs, and government clients. It is comparable to MRG Exams in being a focused IME services provider with a national footprint and physician network.
• MES Solutions (a Maximus company): MES Solutions provides IME, peer review, and utilization management services to insurance, government, and legal clients. As a Maximus subsidiary it is a direct competitor in the commercial IME space, often bidding on similar insurance and disability contracts as MRG.
• Optum (formerly LHI / Logistics Health Incorporated): Optum, through its acquisition of LHI, operates a large government medical exam program including VA disability assessments and military readiness exams. It competes head-to-head with MRG for VA and federal disability exam contracts and brings significantly greater scale and capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/intent/post?url=https%3A%2F%2Fcareers.mrgexams.com%2Ftalentnetwork%2Ftalentnetwork%3Futm_campaign%3Dss_x
• Facebookfacebook.com/sharer.php?sdk=joey&u=https%3A%2F%2Fcareers.mrgexams.com%2Ftalentnetwork%2Ftalentnetwork%3Futm_campaign%3Dss_fb%26display%3Dpopup%26src%3Dshare_button
• LinkedInlinkedin.com/company/mrgexams

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mrg Exams