NEWS RELEASE
StrataCare Partners with First Health Corporation
Agreement creates unmatched network access and
outstanding opportunities for greater choice and savings for clients
Irvine, Calif. - April 18, 2005 - StrataCare Inc., the premier national bill review software solutions and service company, announced today that they have finalized an agreement to bring The First Health® Network to StrataCare's clients.
The First Health relationship will bring access to over 4,300 hospitals and over 295,000 providers in all 50 states, plus District of Columbia and Puerto Rico. The First Health Network will help service StrataCare's rapidly expanding national client base, and will offer clients unmatched PPO cost containment solutions and savings.
"Our agreement with First Health enhances StrataCare's existing PPO offerings by providing our clients with expanded network coverage, and increased savings. We are pleased to be able to combine StrataCare's leading-edge technology with First Health's nationally recognized PPO and its proven value," said Jody Thompson, StrataCare's chief operating officer.
For 20 years, The First Health Network, the nation's largest directly contracted national workers' comp network, has delivered superior penetration, uncompromising quality and proven savings. They negotiate with providers for rates that are significantly reduced from fee schedule or reasonable and customary charges.
"We look forward to a long-term business relationship with StrataCare, and making our extensive national network available to their clients," said Bill Baker, First Health regional VP sales.
First Health is a subsidiary of Coventry Health Care, a national managed health care company based in Bethesda, Maryland operating health plans, insurance companies, network rental services companies, and worker's compensation services companies. Coventry provides a full range of risk- and fee-based managed care products and services, including HMO, PPO, POS, Medicare Advantage, Medicaid, Worker's Compensation and Network Rental to a broad cross-section of employer and government-funded groups, government agencies, and other insurance carriers and administrators in all 50 states as well as the District of Columbia and Puerto Rico. More information is available on the Internet at www.coventryhealth.com and www.firsthealth.com.
Founded in 1998, StrataCare provides comprehensive Internet-based national bill review software, workflow and outsource solutions to the workers’ compensation payer community. StrataCare’s innovative solutions saved over two billion dollars in workers’ compensation costs in 2008 for some of the industry’s top insurance companies, third party administrators, managed care companies, and self-insured employers. StrataCare’s service division, CareSolutions®, offers electronic and mail-in bill review services nationwide. For more information, visit www.stratacare.com or call 800-277-6512.
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