FinancialContent is the trusted provider of stock market information to the media industry.
Re-Thinking Network Relationships for Worker’s Comp & Auto No-Fault: Large Carriers Choose MagnaCare for Deeper Discounts, Service, Streamlined Operations

Pointing to the accelerated interest among large insurance carriers, self insured workers’ compensation and no-fault payers to implement relationships with nimbler, more flexible organizations offering deeper discounts, MagnaCare (www.magnacare.com) points to the importance of also delivering highly personalized customer service. Building on its established position as a health plan services company with national reach, MagnaCare emerges as an innovative leader in this competitive arena: MagnaCare presents its comprehensive, cost-effective programs at the upcoming meeting of the Risk and Insurance Management Society, Inc. (RIMS), April 25-29, 2010, Boston, Mass.

“We’ve achieved a great balance: MagnaCare is large enough to deliver significant discounts to national carriers and positioned to offer them top-notch account team services that are unmatched in the industry,” saysSteven Kokulak, vice president of Workers’ Compensation and No-Fault for MagnaCare. “Carriers benefit from the savings, appreciate the personal touch, and place high value on streamlined operations that minimize paperwork.”

Leveraging its role in the group health market, MagnaCare offers superior discounts on certain services related to auto and workplace injury or illness, including hospital and physician costs. Contracted provider rates are often more attractive than those provided by state fee arrangements, and they clearly outdistance competitive vendor offerings.

Additionally, MagnaCare offers the flexibility to utilize any single product or bring them all together as one powerful, integrated solution, with benefits that include:

  • Reduced medical and indemnity costs
  • Positive medical outcomes
  • Accelerated care
  • Enhanced communication
  • Increased patient satisfaction
  • Reduced utilization

“We help individuals get back to work as quickly and cost-efficiently as possible, all the while maintaining health care quality at its peak,” explains Kokulak.

Joseph Berardo, Jr., president and CEO of MagnaCare, adds, “MagnaCare’s business model is designed to minimize costs while optimizing the quality of the individual’s health. No matter the size or type of company, we provide custom solutions to meet the unique needs of its insureds. Just as important, we offer the kind of personal, hands-on attention that is often missing from organizations that may have lost their pulse on this specialized market.”

About MagnaCare

MagnaCare is a health plan management company that touches millions of lives nationwide. For over 20 years, MagnaCare has provided solutions to Taft-Hartley funds, self insured companies, commercial insurers such as health, workers compensation, or no fault, TPA’s, and government entities. Whether it’s access to a broad provider network, predictive modeling analyses, member outreach programs or an integrated solution that includes full plan management services including claims adjudication, eligibility management, client/customer service, MagnaCare understands its customers’ needs and develops cost effective, comprehensive solutions. Visit http://www.magnacare.comhttp://www.thefacebook.com/magnacarehttp://www.twitter.com/magnacare

Contacts:

CPR Communications for MagnaCare
Alyson Kuritz, 201-641-1911x51
akuritz@cpronline.com
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Six Financial & Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.