FIRST HEALTH (FORMERLY ALTA HEALTH STRATEGIES INC.) ESTABLISHES NEW SPECIALTY DIVISION TO DEVELOP NEW COST MANAGEMENT PRODUCTS
SALT LAKE CITY, Dec. 11 /PRNewswire/ -- First Health (formerly ALTA Health Strategies Inc.), one of the nation's largest health care cost management organizations serving the self-insured and Medicaid markets, announced today the formation of a Speciality Division, which will be charged with developing new products and services to a level of maturity, at which point, they will be moved out as stand- alone subsidiary companies. The division will initially include: -- Prescription Drug Services, which includes prescription drug management, drug utilization review and mail-order prescription services. -- Health Information Research, a department of First Health's data analysis and management division, which produces extensive client health care data analysis and reporting services. -- Disability Management, First Health's program developed to reduce the impact and cost of disability to employers through more effective managed care services. The Speciality Division will be headed by Senior Vice President Ted White. Commented First Health Chairman and Chief Executive Officer W. Terry Nofsinger: "Our new Specialty Division will enable us to develop and bring to the marketplace a range of niche'-type health care cost management services that will address the desire of employers to manage all facets of their health benefits costs. The Speciality Division's products will nicely complement our array of standard health care products and programs." First Health provides a broad range of health care cost management services, including claims administration, Medicaid claims processing, utilization review, provider networks, prescription drug management, disability management, mental health and substance abuse treatment management, insurance brokerage, and data analysis and reporting. First Health is a wholly owned subsidiary of First Financial Management Corp. (NYSE: FFM) (FFMC) of Atlanta. FFMC is a national leader in information services, offering a vertically integrated set of data processing, storage and management products for the capture, manipulation and distribution of data. Services include merchant credit card authorization, processing and settlement; check guarantee and verification; debt collection and accounts receivable management; data imaging, micrographics and electronic data base management; financial institutions processing; integrated health care cost management services; and the development and marketing of data communications and information processing systems. In addition, the company owns the largest savings institution in Georgia. Its common stock is traded on the New York Stock Exchange under the symbol FFM. -0- 12/11/92 /CONTACT: W. Terry Nofsinger, chairman and CEO, 801-568-5500, or Ted White, senior VP, 213-383-1100, both of First Health/ (FFM)
CO: First Health; ALTA Health Strategies Inc.; First Financial
Management Corp. ST: Utah, Georgia IN: HEA SU:
JL-LS -- DV001 -- 6117 12/11/92 09:15 EST EST electroshock therapy.