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This seems like a very nice company and reporting!
Can anyone help me with this one.
I came across this one searching for newborn insurance providers
(I am expecting)
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ROCKPORT HEALTHCARE LAUNCHES MEDICAL SAVINGS CARD THAT WILL PROVIDE SIGNIFICANT REVENUES
(www.rockporthealthcare.com)
HOUSTON, March 19 /PRNewswire/ -- ÉvèÈv
Rockport Healthcare Group, Inc., (OTC Bulletin Board: RPHL) (a fully reporting company), an integrated healthcare service company, today announced plans for the regional launching of their medical access savings card April 1, 1999 by their wholly owned subsidiary Rockport Preferred, Inc.
Rockport Healthcare Group. Inc. is a holding company for Rockport
Preferred, Inc., an organization providing discounted quality medical
and healthcare services through membership/purchase of a private-label or retail medical access savings card. Rockport Preferred, Inc. will introduce their basic card and an expanded benefits card in the Texas market under the card name, "MAS" and "MAS Plus". The "MAS" card (MAS is the Spanish word for 'more' and also defines the card's purpose as Medical Access Savings) will be brokered directly to the public as well as being distributed through employer groups. Sales will begin in the Houston market first, Harry Neer, CEO of RPHL said in making the announcement.
The card will provide members with up to 30% reduction on service fees. The basic card sells for $120 per year per household and provides discounts on prescriptions, vision, dental, hearing and chiropractic as well as providing access to a 24-hour NurseLine service which allows members to access a nurse for information and assistance. The MAS Plus card sells for $180 per year per household and provides access to physicians as well as having the same benefits as the basic MAS card. Nationwide, more than half of the doctors in the country (approximately 300,000 physicians) are participating in the program and there are some 40,000 retail pharmacies that are members of the network.
The card will also be marketed as "Passport" and "PassPort Plus" and can be named and tailored for employer groups and associations under a private label, Neer explained.
"This medical access savings card is ideal for the underinsured or the
non-insured," Neer explained. Many company insurance programs may not provide an adequate pharmacy benefit and/or dental vision discounts, he said. Neer explained that there are approximately 110 million Americans who have no insurance and/or underinsured and the market is expected to grow with the removal of 15 million Americans from welfare roles this next year.
Additionally, the medical access savings card requires no paperwork on the part of either the member or the provider. Members merely receive a reduction from basic fees through a pre-negotiated nationwide rate, Neer explained. The card is renewable annually.
There are other medical savings cards on the market, Neer acknowledges, but few have the depth of services available through either the PassPort or PassPort Plus card programs. Also, Rockport has a variety of purchase plans which allows for single payment, three payments, or monthly payments, a feature highly desirable by many audience groups. Partial payment programs, Neer said, must be paid in cash or by credit card only.
Rockport Healthcare Group, Inc. develops and operates provider networks and packaged access/discounts to medical services. Primary product lines include the development of provider networks for specialty markets, specifically Worker's Compensation and catastrophic illness and injury.
The Rockport Healthcare Group, Inc. family of companies includes
Rockport Community Network, Inc., a managed care organization; Rockport Occupational Network, Inc., an Exclusive Provider Worker's Compensation Network; Rockport Preferred, Inc., Medical Access Savings Card Programs; Newton Healthcare Network, LLC, a Preferred Provider Organization, and Rockport Group of Texas, Inc., a Healthcare Administrative Services Company.
This press release contains forward-looking information. The forward-
looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
Visit the company's web site: www.rockporthealthcare.com.
SOURCE Rockport Healthcare Group, Inc.
03/19/99 /CONTACT: Karen Vinyard
Waddell, Executive VP,
Stockholder Relations
Rockport Healthcare Group, Inc., 713-621-9424 or 559-434-5892/
/Photo: newscom.com or
NewsCom, 213-237-5431/
/Web site: rockporthealthcare.com (RPHL)
CO: Rockport Healthcare Group, Inc.; Rockport Preferred, Inc. ST:
Texas IN: HEA SU: PDT |
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