Printer Friendly

QUAL-MED SUBMITS BID TO MANAGE CHAMPUS REFORM INITIATIVE IN CALIFORNIA AND HAWAII

 QUAL-MED SUBMITS BID TO MANAGE CHAMPUS REFORM INITIATIVE
 IN CALIFORNIA AND HAWAII
 PUEBLO, Colo., Sept. 21 /PRNewswire/ -- Qual-Med Inc. (NASDAQ: QLMD), an integrated managed health care company with operations in several Western states, has submitted a bid to manage the Department of Defense's CHAMPUS Reform Initiative (CRI) health care demonstration project in California and Hawaii.
 The five-year-old project to reform CHAMPUS -- the Civilian Health and Medical Program of the Uniform Services -- seeks to improve the quality and cost-efficiency of health care for more than 800,000 military personnel and their families eligible under the program. The CRI program is considered by many experts to be the single largest experiment in managed care in the United States.
 The new five-year contract is scheduled to take effect in August 1993.
 Qual-Med's bid to the Department of Defense stresses the company's track record of dramatically turning around failing health care plans, including three purchased from the current CRI contractor. Using an intensive form of physician-directed medical management, Qual-Med is improving the quality of care for its beneficiaries while eliminating the many unnecessary and inappropriate medical practices that plague some managed care and indemnity programs.
 "Our whole philosophy is to do things right the first time," said Qual-Med Chairman, President and Chief Executive Officer Dr. Malik M. Hasan. "Our medical directors are not only doctors, they also are resource specialists who evaluate the most appropriate physician and facility for individual member needs. Using this approach, we have discovered that quality health care always costs less."
 Hasan founded Qual-Med in 1985 and has since seen it named by Fortune Magazine as one of the country's fastest-growing companies. Today, Qual-Med operates HMOs in six Western states and owns one of the largest preferred provider organizations in California.
 The company also recently acquired a health and life insurance company licensed to transact insurance in 34 states, giving Qual-Med multi-option product capabilities.
 In California, the Qual-Med team's networks include more than 34,000 providers, significantly larger than the existing CHAMPUS Reform Initiative network. Additionally, some two-thirds of existing CHAMPUS providers are already Qual-Med providers.
 For the CRI bid, Qual-Med has formed several strategic partnerships designed to deliver efficient service to CHAMPUS participants. The partners include Electronic Data Systems, the nation's largest health care claims processor and the current CRI in-system managed care processor.
 Qual-Med has also teamed with prominent mental health provider U.S. Behavioral Health, and Hawaii Medical Service Association, the largest network in that state.
 "Qual-Med's medical management infrastructure is in place, working and ready to serve," said Hasan. "We can give the Department of Defense the ability to achieve that critical balance between quality, budget and service. Our record proves irrefutably that Qual-Med is a better value."
 Qual-Med is based in Pueblo and serves more than 321,000 health maintenance organization members in California, Colorado, Idaho, New Mexico, Oregon and Washington. Qual-Med also manages more than 2 million preferred provider organization (PPO) members.
 -0- 9/21/92
 /CONTACT: Jerry Davis of Qual-Med, 719-542-0500; or Steven Silvers of Hill and Knowlton, 303-623-7772, for Qual-Med/
 (QLMD) CO: Qual-Med Inc. ST: Colorado IN: MTC SU:


MC -- DV002 -- 1500 09/21/92 09:03 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 21, 1992
Words:526
Previous Article:MOTOROLA MICROPROCESSOR AND MEMORY TECHNOLOGIES GROUP TO PARTICIPATE IN EMBEDDED SYSTEMS CONFERENCE
Next Article:BOWMAR INSTRUMENT CORP. ANNOUNCES INFORMATION ON EXCHANGE OFFER
Topics:


Related Articles
PHP HEALTHCARE INCREASES EARNINGS 39 PERCENT ON RECORD QUARTERLY REVENUES
QUAL-MED INC. AND FOUNDATION HEALTH CORP. SETTLE LITIGATION
BLUE CROSS OF CALIFORNIA AND PHP HEALTHCARE JOIN TO COMPETE FOR MAJOR MANAGED CARE SYSTEM
QUAL-MED TO BID ON CHAMPUS CONTRACT
QUAL-MED PURCHASES 34-STATE INSURANCE COMPANY
QUAL-MED SUBMITS BID TO MANAGE CHAMPUS REFORM INITIATIVE IN CALIFORNIA AND HAWAII
COURT SETS TRIAL DATE IN QUAL-MED - HEALTH NET MANDATE ACTION
QUAL-MED ANNOUNCES THIRD QUARTER RESULTS
QUAL-MED ANNOUNCES 1992 RESULTS
SIERRA HEALTH SERVICES SEEKS TO BECOME INVOLVED IN DEPARTMENT OF DEFENSE TRICARE PROGRAM

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters