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HEALTHCARE COMPARE ANNOUNCES STRATEGIC ALLIANCE WITH ALTA HEALTH STRATEGIES

 HEALTHCARE COMPARE ANNOUNCES STRATEGIC ALLIANCE
 WITH ALTA HEALTH STRATEGIES
 DOWNERS GROVE, Ill., June 16 /PRNewswire/ -- James C. Smith, president and chief executive officer of HealthCare COMPARE Corp. (NASDAQ: HCCC) announced today that the company has entered into a national agreement to provide PPO services to Alta Health Strategies, Inc. (ALTA), to jointly market its AFFORDABLE national PPO network to ALTA clients on a national basis. Under this agreement, ALTA will integrate PPO claims repricing as part of its adjudication process.
 Smith noted that he was extremely pleased with the signing of the agreement since ALTA, the largest independent provider of health care management services to self-funded employers in the country, represents approximately 900 employers nationally with over 3.0 million covered employees and dependents and paid over $2.6 billion of medical claims for its clients in 1991. Additionally, Smith stated that this agreement is of strategic importance to ALTA and COMPARE, since it will allow COMPARE clients to utilize ALTA's sophisticated claims processing systems and other health care management services that COMPARE does not provide.
 Terry Nofsinger, chairman and CEO of ALTA, commented that this strategic agreement with COMPARE will provide significant sales and marketing opportunities as a result of COMPARE's extensive national PPO network and will further enhance the health care management services we provide for our clients. Further, this agreement will generate significant revenue as ALTA clients transition into the AFFORDABLE networks.
 HealthCare COMPARE Corp. is America's leading independent provider of medical cost management services and offers the most comprehensive managed care programs available. COMPARE provides utilization management (COMPARE Medical Review Programs), computer assisted bill review and pricing services (OUCH Systems) and negotiation of fixed price contracts with medical providers to develop and maintain preferred provider networks (The AFFORDABLE Medical Networks) for the exclusive use of our clients. We achieve significant medical cost savings for both group health and workers' compensation clients ... without compromising the quality of care or freedom of choice.
 -0- 6/16/92
 /CONTACT: James C. Smith, president and CEO, or Joseph E. Whitters, chief financial officer of HealthCare COMPARE, 708-241-7900/
 (HCCC) CO: HealthCare COMPARE Corp.; ALTA Health Strategies Inc. ST: Illinois IN: HEA SU:


TS -- NY008 -- 0498 06/16/92 08:46 EDT
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Publication:PR Newswire
Date:Jun 16, 1992
Words:370
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