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CONCEPT ADMINISTRATORS INC. CHANGES NAME TO CORESOURCE; NAME CHANGE SIGNALS NEW DIRECTION FOR HEALTH CARE AND WORKERS COMPENSATION COMPANY

 KIRKLAND, Wash., Feb. 17 /PRNewswire/ -- CoreSource Inc. will become the new name of the parent company of Concept Administrators Inc. The announcement was made today by Scott Shute, executive vice president of the company's Pacific Northwest region.
 Concept Administrators' local office will assume the CoreSource name effective April 1.
 CoreSource is a medical cost management and information technology company. It specializes in the design and implementation of managed health care, workers compensation and employee programs for self-funded employers nationwide.
 "The CoreSource name conveys our focus on business partnerships as well as our commitment to provide solutions to reduce and control rising health care costs," said Shute. "With national attention on the current health care crisis, we believe it's timely to provide employers with cost-effective resources and alternatives for comprehensive managed care, workers compensation and employee benefit programs.
 "We are in an excellent strategic position to provide Northwest businesses with the support and resources of a national organization coupled with our knowledge of the local community," added Shute.
 CoreSource's Pacific Northwest regional office is headquartered in Kirkland. It is one the company's 27 nationwide offices and employs 39 professional staff.
 CoreSource employs more than 1,500 professionals companywide and is headquartered in Northbrook, Ill., a suburb of Chicago. The company manages $1.4 billion in health care and workers compensation expenses on behalf of more than 2,000 self-funded clients.
 -0- 2/17/93
 /CONTACT: Gayle Cloud or Janin Wilson of Cloud Public Relations, 206-453-5583, for CoreSource; or Scott Shute, executive vice president, of CoreSource, 206-822-9843/


CO: CoreSource Inc.; Concept Administrators Inc. ST: Washington, Illinois IN: HEA SU:

SW -- SE005 -- 7439 02/17/93 15:04 EST
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Publication:PR Newswire
Date:Feb 17, 1993
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