(PHSYA)(PHSYB) PacifiCare Health Systems names new vice president of national sales; appoints Dan Hoemke to lead both PacifiCare, Covantage teams.CYPRESS, Calif.--(BUSINESS WIRE)--June 13, 1995--PacifiCare Health Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PHSYA and PHSYB) today announced it has named Dan Hoemke to the newly created position of vice president of national sales for its managed care operations. Hoemke's role will be to strengthen PacifiCare's position among national employers, coordinating its HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, operations, managed care health plans and ancillary products among employers with broad-based, multi-state operations. The announcement of Hoemke's appointment was made by William Young William Young may refer to:
Hoemke currently serves as president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Covantage, PacifiCare Health Systems' health care administration and employee benefits consulting group. He will continue to serve in that capacity in addition to assuming his new duties with PacifiCare's national sales team. "Dan Hoemke is recognized as an innovative leader in systems re-design and administrative efficiency as it applies to employee benefits. He brings us a tremendous depth of experience and understanding of today's employer needs along with the systems know-how to answer those needs," Young said. The appointment of Hoemke is part of a strategic plan to integrate Covantage's specialized capabilities into more PacifiCare product offerings. The company said this will create effective and cost-efficient health care delivery systems for large employers, such as Fortune 500 corporations with multi-state employee sites. "This is a calculated move that will enable us to integrate a more complete spectrum of services into our benefits packaging and be more responsive to rising employer demands for flexibility and diversity of products. We also expect to enhance our operations further with centralized administrative efficiency," Young said. "It's a simple matter of tapping into the talent, vision and experience that exists within our organization to further solidify PHS (Personal Handyphone System) A TDMA-based cellular phone system introduced in Japan in mid-1995. Operating in the 1880-1930 MHz band, PHS uses microcells that cover an area only 100 to 500 meters in diameter, resulting in lower equipment costs but requiring more base as a leading resource for benefits solutions in the increasingly competitive national employer market." Currently, PacifiCare Health Systems operates managed care subsidiaries in California, Florida, Oklahoma, Oregon, Texas and Washington. Covantage operates as an independent subsidiary of PHS, working with approximately 350 managed care organizations nationwide in designing efficient and cost-effective health care delivery systems for multi-region employers throughout the country. PacifiCare Health Systems is one of the nation's leading managed health care services companies. Primary operations include managed care products for employer groups, and Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. beneficiaries in California, Florida, Oklahoma, Oregon, Texas and Washington serving more than 1.5 million members. Other specialty managed care operations include Medicare risk management services, pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. , military health care management, coordination of managed care products for multi-region employers, health and life insurance, behavioral health, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , dental and vision services and health promotion. CONTACT: PacifiCare Health Systems Inc. Ben Singer, 714/229-2825 or David Erickson, 714/229-2636 |
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