HMOs Gain Extra Confidence in Benefits Management with New Tool from Summit Re and ERC Healthcare.Business Editors OVERLAND PARK, Kan.--(BUSINESS WIRE)--April 29, 2004 Summit Re, the exclusive ERC (database) ERC - An extended entity-relationship model. Healthcare HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. intermediary broker, has introduced a new tool that provides new and existing customers consultative HMO coverage analysis. The Coverage Analyzer helps fit HMOs with coverage tailored to their risk needs. The dynamic tool generates data and graphs that tell a compelling risk exposure story. "The Coverage Analyzer gives CEOs and CFOs the quantitative decision-making data they're 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. , giving them increased confidence in their decisions on risk selection," said Jeff Argotsinger, ERC Healthcare Medical Expense Group Product Leader. "Our analytics set us apart because we don't just provide coverage, we supply the knowledge and strategy to make better business decisions." In six months of use, the Coverage Analyzer is already addressing a rapidly growing and shifting healthcare marketplace by providing improved risk analytics for HMOs. "New and prospective customers alike have seen the value-added benefits to evaluating risk exposure with our analytical tool," said Mark Troutman, Summit Re President. "It allows us to enhance our consultative relationship with the customer. This coverage analysis will also help the client address HMO marketplace issues such as rising hospital and drug costs due to contracting leverage and medical technology, new risk contract opportunities in Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. government programs and increasing risk-based capital requirements by state regulators." Employers Reinsurance Corporation, a GE company (NYSE NYSE See: New York Stock Exchange :GE), is a company that protects people, property and reputations. More information on ERC is available at www.ercgroup.com. Summit Re is a full service managing underwriter Managing underwriter The leading firm in an underwriting group, which originates the deal and acts as an agent for the group. managing underwriter See lead underwriter. and reinsurance intermediary broker that focuses exclusively on managed care reinsurance. Summit Re helps HMO clients analyze, transfer and manage risk to protect their financial stability. More information is available at http://www.summit-re.com. |
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