GRAPEVINE, Texas, March 31 /PRNewswire/ -- National Care Network (NCN) announces a national agreement with CoreSource, Inc. as of January 1, 2004. The terms of the agreement state NCN will deliver CoreSource a comprehensive menu of cost management services specifically designed to further minimize the annual out-of-network claims expense of their self-insured clients. The fee negotiation and related services will serve as an additional supplement to the array of cost management services currently offered by CoreSource to their clients.
"This agreement confirms we are developing the right product offering for the market. I am very proud of our team here at NCN and our ability to deliver on our promise," confirms Tom Galas, President and CEO of NCN.
"We have worked very hard to continually develop and deliver high quality services. We were chosen by CoreSource to be one of their preferred business partners because our services out performed our competition during a head to head pilot. This is further confirmation we are moving in the right direction," states Timothy E. Cahill Vice President of Business Development of NCN.
Out-of-network claims exposure can be a significant portion of the annual claims expenditures for health plans and self-insured plans. This exposure can have a negative impact on medical loss ratios and if not effectively controlled can add to the spiraling cost of healthcare in the United States. National and Regional Health Plans, Third Party Administrators, Taft Hartley Plans, and other Managed Care Organizations often deploy various pre-payment strategies such as those provided by NCN to help in providing quality care at fair and reasonable prices.
CoreSource is a leading provider of full service national health benefits programs and is an affiliate of Trustmark Insurance Company. The company currently provides health benefit and information management services to more than 1,600 employers and millions of employees and dependents. CoreSource designs, implements and manages healthcare programs for employers and providers in communities nationwide. They combine the resources and perspective of a national operation with the focus, knowledge and responsiveness of a local company. CoreSource provides seamless claims administration services in a way that ensures efficiency, accuracy and a complete responsiveness to their clients needs.
About National Care Network
NCN is a privately owned healthcare cost management firm established in 1994 by two former medical claims experts. NCN is an industry leader in providing highly effective cost containment programs to all types of medical claims payors across the United States. NCN's services consist of claims review and negotiation services, national and regional PPO networks, proprietary facility repricing methods, and various other pre-payment claims evaluation services that positively affect claims expense. Corporate offices are located in Grapevine, Texas with additional sales and service offices in Baltimore, Washington DC, and Louisville, KY.
National Care Network