Concentra Operating Corporation Reports Receipt of Subpoena in Connection With New York Attorney General's Review of Contractual Relationships in the Workers' Compensation Industry.ADDISON, Texas -- Concentra Operating Corporation (the "Company") today reported that Concentra Integrated Services, Inc. ("CISI (company) CISI - A French software producer. "), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Company, has received a subpoena from the Office of the Attorney General of the State of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ("NYAG NYAG New York Attorney General "). The subpoena requests documents and information regarding CISI's relationships with third party administrators and health care providers in connection with the NYAG's review of contractual relationships in the 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. industry. CISI has been in discussions with the NYAG concerning its response to the subpoena, and CISI intends to cooperate fully with the investigation. "Ethical practices are the bedrock upon which long-term business success is built," said Dan Thomas, President and Chief Executive Officer of the Company. "Recent headlines have caused consumers, investors and the general public concern about relationships in the insurance industry. The Company is committed to cooperating fully with the NYAG in its sweeping investigation." Concentra Operating Corporation, a wholly owned subsidiary of Concentra Inc., is the comprehensive outsource solution for containing healthcare and disability costs. Serving the occupational, auto and group healthcare markets, Concentra provides employers, insurers and payors with a series of integrated services which include employment-related injury and occupational health care, in-network and out-of-network medical claims review and repricing Repricing To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices. repricing , access to specialized preferred provider organizations, first notice of loss services, case management and other cost containment services. Concentra provides its services to over 135,000 employer locations and more than 3,700 insurance companies, health plans and third party administrators nationwide. |
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