Beech Street Corporation Forms Partnership With Healthcare Preferred

LAKE FOREST, Calif., June 14 /PRNewswire/ -- Beech Street Corporation, the nation’s leading independently owned Preferred Provider Organization (PPO), announced today a partnership with Healthcare Preferred(SM) to provide network access to Beech Street’s more than 40,000 members in both Iowa and Nebraska, effective October 1, 2004.

Healthcare Preferred is one of the premier provider networks in Iowa and Nebraska, offering members broad access to medical services while providing clients substantial discounts.

“Beech Street’s relationship with Healthcare Preferred reinforces our commitment to form ‘best in class’ partnerships to provide extensive coverage while reducing costs for our clients,” said Bill Hale, President and CEO of Beech Street Corporation. “We look forward to a long, successful business relationship with them.”

Healthcare Preferred is the PPO division of Coventry Healthcare, a managed healthcare company based in Bethesda, Maryland. Healthcare Preferred offers insurance companies, third party administrators and large self-funded companies expansive provider networks of hospitals, physicians and other medical providers while striving to assist them in containing medical costs.

Beech Street Corporation has over 50 years of reliable service in the healthcare industry and has a network of over 380,000 respected doctors, 3,500 hospitals and over 50,000 ancillary network providers. Beech Street provides services such as nationwide network access, URAC accredited and NCQA (National Committee for Quality Assurance) certified healthcare management services, cost containment solutions, a Disease Management program and a Workers’ Compensation program.

Beech Street Corporation

CONTACT: Mica Matvia of Beech Street Corporation, +1-949-672-1748,Mica.Matvia@beechstreet.com

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