American Hospital Association Endorses Global Risk Exchange.Business Editors, Health/Medical Writers CHICAGO--(BW HealthWire)--April 2, 2001 Web-based platform offers health care professionals tools to better manage their commercial insurance programs The American Hospital Association American Hospital Association (AHA), n.pr a nonprofit national organization of individuals, institutions, and organizations engaged in direct patient care. The association works to promote the improvement of health care services. (AHA AHA American Heart Association; American Hospital Association. ) has endorsed Global Risk Exchange (GRX GRX Getright Download List (file extension) GRX Granada, Spain - Granada (Airport Code) GRX Grunts (FAO fish species code) GRX GPRS Roaming Exchange Node GRX Graphics ), a secure Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the trading platform for commercial insurance. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. insurance industry analysts at A.M. Best, as much as 37 cents of every commercial insurance premium dollar currently goes toward administration and distribution expenses. Global Risk Exchange's easy-to-use platform provides health care risk managers powerful online tools to manage risk data across multiple locations, transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting insurance business, and administer their insurance programs online. It streamlines data flow between risk managers, brokers, and insurers; enhancing the communication among these key business partners, and ultimately reducing overall costs. Some additional benefits of using the platform include: -- dramatic reduction in turnaround time to obtain quotes -- increased protection of proprietary information -- improved management of service providers, including brokers and insurers. "On the Global Risk Exchange platform, risk managers aren't simply buying a policy online--they're tapping into a knowledge base, making real-time comparisons, and prompting underwriters to get creative to meet their insurance needs," said Tony Spohn, AHA Financial Solutions, Inc., Vice President of Risk Management. "Effectively transferring these financial risks should involve more than just striving for a good price on an insurance product, it should include a clear understanding of the specific risk areas involved." The Global Risk Exchange platform includes a feature called CommLink that improves communication among business partners. Through secure internal messaging, public and private workrooms, and document sharing See data conferencing. , risk managers can connect with all their service providers in a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. location. At the risk manager's discretion, CommLink will maintain a record of all communications and negotiations. "The alliance of the American Hospital Association and Global Risk Exchange creates an authoritative platform that is truly unique and specific to the health care community. The opportunity to work with the American Hospital Association in delivering a revolutionary Internet offering to health care risk professionals is very exciting," said Paul Daoust, 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 Global Risk Exchange. "It is a powerful tool that allows health care organizations to keep pace in today's digital environment." For more information regarding AHA's endorsement of Global Risk Exchange, contact Mary Gillard, account executive for the American Hospital Association at 800-242-4677, ext. 2529. To schedule a demonstration of the technology offered by Global Risk Exchange, contact Mike Mahoney Mike Mahoney (born December 5, 1972 in Des Moines, Iowa), is a Major League baseball catcher, formerly with the St. Louis Cardinals. He made his Major League debut on September 8, 2000 with the Chicago Cubs, and after two seasons in Chicago, he was released and eventually signed at 866-GRX-INFO / (866)-479-4636. About The American Hospital Association The American Hospital Association is a not-for-profit association of health care provider organizations and individuals that are committed to health improvement of their communities. The AHA is the national advocate for its members, which includes about 5,000 hospitals, health care systems, networks, and other providers of care, and 37,000 individuals. Founded in 1898, the AHA provides education for health care leaders and is a source of information on health care issues and trends. For more information, visit the AHA Web site at www.aha.org. About AHA Financial Solutions, Inc. AHA Financial Solutions, Inc. (AHA-FSI) insurance- and financial-product marketing subsidiary of the American Hospital Association. It functions as an industry advocate and resource agency to AHA-member hospitals and other health care organizations. AHA Financial Solutions evaluates the marketplace and collaborates with companies to create strategic financial and insurance products and services for health care professionals. AHA Financial Solutions has an exclusive sponsorship of the Healthcare Financial Management Association (HFMA HFMA Healthcare Financial Management Association HFMA Hawaii Food Manufacturer's Association ), a professional association that includes more than 30,000 health care financial executives. For more information visit www.ahafinancialsolutions.com. About Global Risk Exchange Global Risk Exchange is a secure Internet-based platform for the purchase and management of complex insurance programs. Their unique model slashes expenses and cycle times in the current insurance supply chain by streamlining data management, enabling transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and integrating powerful risk management tools/services. The platform is open to all risk managers, brokers/advisors and underwriters. For more information visit www.grx.com or call toll free 1-866-GRX-INFO. |
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