RIDGEFIELD PARK, N.J., Sept. 27 /PRNewswire-FirstCall/ -- Mellon Financial Corporation’s Human Resources & Investor Solutions (HR&IS) business today announced that it has been selected by Northwestern Memorial Hospital (NMH) in Chicago to provide a number of human resource consulting and outsourcing services. HR&IS will provide actuarial valuations, retirement plan consulting, health and welfare consulting, and administration services for NMH’s defined benefit pension plan and health and welfare plans.
“Our relationship with Mellon allows us to enhance our ‘best people strategy,’” said Tammy Saunaitis, director of Human Resources at NMH. “Employing the best people enables us to provide the best patient experience, and Mellon’s services help us retain the best employees by improving their satisfaction with the benefit plans.”
According to Saunaitis, this comprehensive agreement will help NMH achieve three key objectives:
- improved employee satisfaction, as a result of faster pension payments and online calculation and modeling tools that assist employees with future planning; - greater efficiencies for the hospital, through the bundling of consulting and outsourcing services with a single provider in Mellon; and - access to Mellon’s powerful technology platform, providing NMH and its employees with total benefits administration for timely information needed to address individual and family needs.
“We are extremely pleased to establish this relationship with Northwestern Memorial Hospital,” said James D. Aramanda, Mellon vice chairman and head of HR&IS. “Our integrated consulting and outsourcing solutions help Northwestern give its people easy, informed control over critical benefit decisions.”
Northwestern Memorial Hospital is one of the country’s premier academic medical centers and is the primary teaching hospital of Northwestern University’s Feinberg School of Medicine. Northwestern Memorial and its Prentice Women’s Hospital have 720 beds and more than 1,200 affiliated physicians and 5,000 employees. Providing care in a state-of-the-art facility, the hospital is recognized for its outstanding clinical and surgical advancements in such areas as cardiothoracic and vascular care, gastroenterology, neurology and neurosurgery, oncology, organ and bone marrow transplantation, and women’s health. Northwestern Memorial was ranked as the nation’s 5th best hospital by the 2002 Consumer Checkbook survey of the nation’s physicians and is listed in eight specialties in this year’s US News & World Report’s issue of “America’s Best Hospitals.” NMH is also cited as one of the “100 Best Companies for Working Mothers” by Working Mother magazine and has been chosen by Chicagoans year after year as their “most preferred hospital” in National Research Corporation’s annual survey.
Human Resources & Investor Solutions is the worldwide human resources and shareholder services business of Mellon Financial Corporation , a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world’s leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, human resources and investor solutions, and treasury services. Mellon has more than $3.6 trillion in assets under management, administration or custody, including more than $675 billion under management. Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at http://www.mellon.com/ .
Mellon Financial Corporation
CONTACT: Ed Gadowski of Mellon Financial Corporation, +1-201-373-7336,or gadowski.e@mellon.com
Web site: http://www.mellon.com/
