BenefitPoint, Inc. to Partner with Health Net of California.Business Editors/Health/Medical Writers/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--April 9, 2003 BenefitPoint, the employee benefits industry's leading web-based platform for client management and procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , today announced an agreement with Health Net of California, one of the largest network-model health plans in the state, for use of the BenefitPoint platform to enhance its distribution strategy with top brokers and consultants who manage their clients on the platform. This agreement makes Health Net a licensed BenefitPoint Premier Carrier Partner, effective March 1, 2003. As a Premier Carrier Partner, Health Net can effectively market and differentiate its products while conducting new and renewal business and develop stronger relationships with targeted brokers and consultants. In addition, Health Net can enhance its distribution methods through the use of BenefitPoint's Product Library and use web-based marketing tools for education on Health Net products. Health Net will tap BenefitPoint's generated data and analytics reports to improve the tracking and management of sales activities relative to its products. With its array of ancillary Subordinate; aiding. A legal proceeding that is not the primary dispute but which aids the judgment rendered in or the outcome of the main action. A descriptive term that denotes a legal claim, the existence of which is dependent upon or reasonably linked to a main claim. companies, Health Net also has an opportunity to cross-sell all product lines on the BenefitPoint platform. "Health Net is always looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. innovative ways to strengthen its relationships with brokers and consultants and efficiently manage the process of renewing and writing new business," said Steve Van Wart, vice president of sales for Health Net of California. "We found that BenefitPoint offers the rare blend of effective technology and supportive human capital we believe will help make a positive difference in our business." "Health Net's adoption of the BenefitPoint utility brings increased value to the employee benefits industry," said John Randazzo, 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 BenefitPoint. "Brokers, consultants and carriers throughout the country are choosing to leverage the BenefitPoint platform because we make it more efficient to buy, sell and manage benefits -- it's that simple." BenefitPoint's latest product enhancements were designed with the direct guidance of carriers, brokers and consultants that serve on BenefitPoint's advisory boards. In 2002, the enhanced features of Release 9 broadened client management capabilities for brokers and consultants while streamlining RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. and renewal communications between brokers, consultants and carriers. BenefitPoint Release 10, due in April, provides the first industry application programming interfaces (APIs), enabling integration with carrier systems, a significant technological step for the employee benefits industry. About Health Net of California Health Net of California, a subsidiary of Health Net, Inc. (NYSE NYSE See: New York Stock Exchange :HNT HNT Hostage Negotiation Team ), is one of the largest network-model health plans in California, serving more than 2.5 million members statewide. It contracts with more than 42,000 physicians, nearly 400 hospitals and nearly 4,300 pharmacies This article is a list of major pharmacies (also known as chemists and drugstores) by country. Australia Pharmacies in Australia are mostly independently-owned by pharmacists, often operated as franchises of retail brands offered by the three major , giving its members greater choice and more convenient access to care. Its commercial and Medicare lines of business have received the "Commendable com·mend tr.v. com·mend·ed, com·mend·ing, com·mends 1. To represent as worthy, qualified, or desirable; recommend. 2. To express approval of; praise. See Synonyms at praise. 3. " accreditation accreditation, n a process of formal recognition of a school or institution attesting to the required ability and performance in an area of education, training, or practice. status from the National Committee for Quality Assurance National Committee for Quality Assurance Medical practice A private, not-for-profit organization which has become the leading accreditor of managed care plans; in site visits, NCQA reviewers evaluate a managed care plan in terms of quality management, physicians' . For more information about Health Net, visit its award-winning web site at www.health.net. About BenefitPoint, Inc. BenefitPoint delivers the industry's leading web-based platform for client management and procurement, making it easier for employee benefits professionals to buy, sell and manage benefits. Brokers, consultants and carriers realize expanded business opportunities, operational efficiencies and a greater ability to deliver quality information and services to employers and employees. BenefitPoint has achieved widespread industry adoption with over 370 broker and consultant offices accessing the system, loading 40,000 employer clients on the platform, covering 22 million employees and approximately $70 billion in premium. Over 380 carrier organizations use BenefitPoint to respond to broker and consultant RFP and renewal requests. The company, headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Calif., can be reached at 415/277-5600. Take a tour of the BenefitPoint Product Demo and Contact Us through the corporate website at www.benefitpoint.com. BenefitPoint is a trademark of BenefitPoint, Inc. All other company and product names mentioned here are trademarks of their respective owners. |
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