Antares to Perform Network Administration for American Community Mutual Insurance.Business Editors WESTLAKE, Ohio--(BW HealthWire)--Oct. 17, 2001 Antares Management Solutions and American Community Mutual Insurance Company have agreed to a two-year contract during which Antares will streamline the company's front-end network systems administration services and offer access to provider networks in Ohio. Founded in 1938, American Community is based in Livonia, Mich., and conducts its group and individual, health, annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. and life insurance business in Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E). , Ohio, Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York , Indiana, Illinois, Iowa, Missouri, Nebraska and Arizona. The company's individual health insurance is not yet available in Iowa and Pennsylvania. Through the agreement, Antares also will re-price network claims for American Community. "The agreement helps American Community gain greater efficiencies in operations, significant costs savings and enhanced provider access through Medical Mutual's SuperMed Plus network for group and individual Ohio policyholders," said Peg Briggs, senior vice president of Individual for American Community. "We continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. search for affordable and comprehensive products for our customers," Briggs said. "The SuperMed Plus network enables American Community to provide lower premiums while offering more in-network providers to its Ohio PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there policyholders." Briggs added that, although not required, "accessing care through the SuperMed Plus network can reduce the amount of out-of-pocket costs out-of-pocket costs Managed care Health care costs that a covered person must pay out of pocket–eg, coinsurance, deductibles, etc. See Copayment. for our non-PPO, major medical policyholders in Ohio." Ed Hartzell, chief executive officer of Antares Management Solutions, said Antares will process an additional $40 million in claims annually because of the contract with American Community. "With the help of Antares' front-end claims processing and network access, American Community also will be able to grow its business," he added. Antares Management Solutions offers state-of-the-art technology and administrative services and process design solutions for insurance companies and other industries. The company's services help businesses reduce costs and increase productivity. Headquartered in Westlake, Ohio Westlake is a city in Cuyahoga County, Ohio, United States. The population was 31,719 at the 2000 census. Geography Westlake is located at (41.454439, -81.928657)GR1. , Antares has annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues of $83 million. For more information, visit www.AntaresSolutions.com. Founded in 1934, Medical Mutual is the oldest and largest health insurance company based in Ohio. The company serves 2.7 million customers through its high-quality, affordable group and individual health insurance plans, and third-party administrative services to self-insured group customers. Medical Mutual's annual premium and service-generated revenue is $1.6 billion. Based in Cleveland, Medical Mutual also has offices in Columbus, Cincinnati, Toledo, Akron, Dayton and Youngstown. |
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